Qmc Quantum Minerals Stock Market Value
| QMC Stock | CAD 0.06 0.01 10.00% |
| Symbol | QMC |
QMC Quantum Minerals Price To Book Ratio
QMC Quantum '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 QMC Quantum'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 QMC Quantum.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in QMC Quantum on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding QMC Quantum Minerals or generate 0.0% return on investment in QMC Quantum over 30 days. QMC Quantum is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. QMC Quantum Minerals Corp., an exploration stage company, engages in the acquisition, exploration, and development of re... More
QMC Quantum 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 QMC Quantum'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 QMC Quantum Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 10.0 |
QMC Quantum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QMC Quantum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QMC Quantum's standard deviation. In reality, there are many statistical measures that can use QMC Quantum historical prices to predict the future QMC Quantum's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | (0.24) |
QMC Quantum Minerals Backtested Returns
QMC Quantum Minerals retains Efficiency (Sharpe Ratio) of -0.0246, which implies the firm had a -0.0246% return per unit of risk over the last 3 months. QMC Quantum exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QMC Quantum's coefficient of variation of (1,865), and Market Risk Adjusted Performance of (0.23) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.5, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, QMC Quantum will likely underperform. At this point, QMC Quantum Minerals has a negative expected return of -0.16%. Please make sure to check QMC Quantum's information ratio and the relationship between the potential upside and period momentum indicator , to decide if QMC Quantum Minerals performance from the past will be repeated at future time.
Auto-correlation | 0.13 |
Insignificant predictability
QMC Quantum Minerals has insignificant predictability. Overlapping area represents the amount of predictability between QMC Quantum time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 QMC Quantum Minerals price movement. The serial correlation of 0.13 indicates that less than 13.0% of current QMC Quantum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
QMC Quantum Minerals lagged returns against current returns
Autocorrelation, which is QMC Quantum 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 QMC Quantum's stock expected returns. We can calculate the autocorrelation of QMC Quantum returns to help us make a trade decision. For example, suppose you find that QMC Quantum 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 |
QMC Quantum 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 QMC Quantum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QMC Quantum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QMC Quantum stock over time.
Current vs Lagged Prices |
| Timeline |
QMC Quantum Lagged Returns
When evaluating QMC Quantum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QMC Quantum stock have on its future price. QMC Quantum 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, QMC Quantum autocorrelation shows the relationship between QMC Quantum stock current value and its past values and can show if there is a momentum factor associated with investing in QMC Quantum Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for QMC Stock Analysis
When running QMC Quantum's price analysis, check to measure QMC Quantum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy QMC Quantum is operating at the current time. Most of QMC Quantum's value examination focuses on studying past and present price action to predict the probability of QMC Quantum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move QMC Quantum's price. Additionally, you may evaluate how the addition of QMC Quantum to your portfolios can decrease your overall portfolio volatility.