QUIDELORTHO's market value is the price at which a share of QUIDELORTHO trades on a public exchange. It measures the collective expectations of QUIDELORTHO DL 001 investors about its performance. QUIDELORTHO is trading at 39.60 as of the 12th of December 2024. This is a 1.02% up since the beginning of the trading day. The stock's lowest day price was 39.2. With this module, you can estimate the performance of a buy and hold strategy of QUIDELORTHO DL 001 and determine expected loss or profit from investing in QUIDELORTHO over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
QUIDELORTHO
QUIDELORTHO '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 QUIDELORTHO's stock 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 QUIDELORTHO.
0.00
11/12/2024
No Change 0.00
0.0
In 31 days
12/12/2024
0.00
If you would invest 0.00 in QUIDELORTHO on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding QUIDELORTHO DL 001 or generate 0.0% return on investment in QUIDELORTHO over 30 days.
QUIDELORTHO 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 QUIDELORTHO's stock 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 QUIDELORTHO DL 001 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for QUIDELORTHO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QUIDELORTHO's standard deviation. In reality, there are many statistical measures that can use QUIDELORTHO historical prices to predict the future QUIDELORTHO's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as QUIDELORTHO. Your research has to be compared to or analyzed against QUIDELORTHO's peers to derive any actionable benefits. When done correctly, QUIDELORTHO's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in QUIDELORTHO DL 001.
QUIDELORTHO DL 001 Backtested Returns
QUIDELORTHO DL 001 maintains Sharpe Ratio (i.e., Efficiency) of -0.0039, which implies the firm had a -0.0039% return per unit of volatility over the last 3 months. QUIDELORTHO DL 001 exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QUIDELORTHO's coefficient of variation of (25,697), and Risk Adjusted Performance of 0.0049 to confirm the risk estimate we provide. The company holds a Beta of -0.0649, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning QUIDELORTHO are expected to decrease at a much lower rate. During the bear market, QUIDELORTHO is likely to outperform the market. At this point, QUIDELORTHO DL 001 has a negative expected return of -0.0125%. Please make sure to check QUIDELORTHO's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if QUIDELORTHO DL 001 performance from the past will be repeated at future time.
Auto-correlation
0.47
Average predictability
QUIDELORTHO DL 001 has average predictability. Overlapping area represents the amount of predictability between QUIDELORTHO time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 QUIDELORTHO DL 001 price movement. The serial correlation of 0.47 indicates that about 47.0% of current QUIDELORTHO price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
1.78
QUIDELORTHO DL 001 lagged returns against current returns
Autocorrelation, which is QUIDELORTHO stock'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 QUIDELORTHO's stock expected returns. We can calculate the autocorrelation of QUIDELORTHO returns to help us make a trade decision. For example, suppose you find that QUIDELORTHO has exhibited high autocorrelation historically, and you observe that the stock 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
QUIDELORTHO 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 QUIDELORTHO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QUIDELORTHO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QUIDELORTHO stock over time.
Current vs Lagged Prices
Timeline
QUIDELORTHO Lagged Returns
When evaluating QUIDELORTHO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QUIDELORTHO stock have on its future price. QUIDELORTHO 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, QUIDELORTHO autocorrelation shows the relationship between QUIDELORTHO stock current value and its past values and can show if there is a momentum factor associated with investing in QUIDELORTHO DL 001.