Quantum Numbers Stock Market Value
| QNC Stock | CAD 0.13 0.02 18.18% |
| Symbol | Quantum |
Quantum Numbers Price To Book Ratio
Quantum Numbers '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 Quantum Numbers' 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 Quantum Numbers.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Quantum Numbers on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Quantum Numbers or generate 0.0% return on investment in Quantum Numbers over 30 days. Quantum Numbers Corp. develops cryptographic solutions based on quantum random number generator in Canada More
Quantum Numbers 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 Quantum Numbers' 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 Quantum Numbers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.51 | |||
| Information Ratio | 0.0093 | |||
| Maximum Drawdown | 28.33 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 16.67 |
Quantum Numbers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quantum Numbers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quantum Numbers' standard deviation. In reality, there are many statistical measures that can use Quantum Numbers historical prices to predict the future Quantum Numbers' volatility.| Risk Adjusted Performance | 0.0317 | |||
| Jensen Alpha | 0.0554 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.007 | |||
| Treynor Ratio | 0.1744 |
Quantum Numbers Backtested Returns
Quantum Numbers maintains Sharpe Ratio (i.e., Efficiency) of -0.0413, which implies the firm had a -0.0413% return per unit of risk over the last 3 months. Quantum Numbers exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quantum Numbers' Risk Adjusted Performance of 0.0317, coefficient of variation of 3343.13, and Semi Deviation of 3.92 to confirm the risk estimate we provide. The company holds a Beta of 1.03, which implies a somewhat significant risk relative to the market. Quantum Numbers returns are very sensitive to returns on the market. As the market goes up or down, Quantum Numbers is expected to follow. At this point, Quantum Numbers has a negative expected return of -0.23%. Please make sure to check Quantum Numbers' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Quantum Numbers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Quantum Numbers has modest reverse predictability. Overlapping area represents the amount of predictability between Quantum Numbers time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Quantum Numbers price movement. The serial correlation of -0.46 indicates that about 46.0% of current Quantum Numbers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Quantum Numbers lagged returns against current returns
Autocorrelation, which is Quantum Numbers 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 Quantum Numbers' stock expected returns. We can calculate the autocorrelation of Quantum Numbers returns to help us make a trade decision. For example, suppose you find that Quantum Numbers 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 |
Quantum Numbers 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 Quantum Numbers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quantum Numbers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quantum Numbers stock over time.
Current vs Lagged Prices |
| Timeline |
Quantum Numbers Lagged Returns
When evaluating Quantum Numbers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quantum Numbers stock have on its future price. Quantum Numbers 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, Quantum Numbers autocorrelation shows the relationship between Quantum Numbers stock current value and its past values and can show if there is a momentum factor associated with investing in Quantum Numbers.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Quantum Stock Analysis
When running Quantum Numbers' price analysis, check to measure Quantum Numbers' 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 Quantum Numbers is operating at the current time. Most of Quantum Numbers' value examination focuses on studying past and present price action to predict the probability of Quantum Numbers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum Numbers' price. Additionally, you may evaluate how the addition of Quantum Numbers to your portfolios can decrease your overall portfolio volatility.