Quality Industrial Corp Stock Market Value
| QIND Stock | USD 0.07 0.01 8.52% |
| Symbol | Quality |
Quality Industrial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Quality Industrial's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Quality Industrial.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Quality Industrial on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Quality Industrial Corp or generate 0.0% return on investment in Quality Industrial over 300 days. Quality Industrial is related to or competes with Dear Cashmere. Quality Industrial Corp. operates as a big data provider of information for businesses More
Quality Industrial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Quality Industrial's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Quality Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.28 | |||
| Information Ratio | 0.0719 | |||
| Maximum Drawdown | 72.17 | |||
| Value At Risk | (22.42) | |||
| Potential Upside | 34.0 |
Quality Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quality Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quality Industrial's standard deviation. In reality, there are many statistical measures that can use Quality Industrial historical prices to predict the future Quality Industrial's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | (1.08) | |||
| Sortino Ratio | 0.0844 | |||
| Treynor Ratio | (0.62) |
Quality Industrial Corp Backtested Returns
Quality Industrial is out of control given 3 months investment horizon. Quality Industrial Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0808, which implies the firm had a 0.0808% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Quality Industrial Risk Adjusted Performance of 0.0712, semi deviation of 10.77, and Coefficient Of Variation of 1237.69 to evaluate company specific risk that cannot be diversified away. Quality Industrial holds a performance score of 6 on a scale of zero to a hundred. The company holds a Beta of -1.86, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Quality Industrial are expected to decrease by larger amounts. On the other hand, during market turmoil, Quality Industrial is expected to outperform it. Use Quality Industrial downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Quality Industrial.
Auto-correlation | 0.51 |
Modest predictability
Quality Industrial Corp has modest predictability. Overlapping area represents the amount of predictability between Quality Industrial time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Quality Industrial Corp price movement. The serial correlation of 0.51 indicates that about 51.0% of current Quality Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Quality Industrial Corp lagged returns against current returns
Autocorrelation, which is Quality Industrial pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Quality Industrial's pink sheet expected returns. We can calculate the autocorrelation of Quality Industrial returns to help us make a trade decision. For example, suppose you find that Quality Industrial has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Quality Industrial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Quality Industrial pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quality Industrial pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quality Industrial pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Quality Industrial Lagged Returns
When evaluating Quality Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quality Industrial pink sheet have on its future price. Quality Industrial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Quality Industrial autocorrelation shows the relationship between Quality Industrial pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Quality Industrial Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Quality Pink Sheet
Quality Industrial financial ratios help investors to determine whether Quality Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Quality with respect to the benefits of owning Quality Industrial security.