Queenco L (Israel) Market Value
| QNCO Stock | ILA 555.60 15.40 2.70% |
| Symbol | Queenco |
Queenco L '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 Queenco L'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 Queenco L.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Queenco L on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Queenco L or generate 0.0% return on investment in Queenco L over 30 days. Queenco L is related to or competes with Overseas Commerce, Gold Bond, Bio Meat, Infimer, Atreyu Capital, Cohen Dev, and Elron Electronic. Queenco Ltd. develops, owns, and operates entertainment centers and casinos in Greece, Cambodia, and Serbia More
Queenco L 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 Queenco L'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 Queenco L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.1171 | |||
| Maximum Drawdown | 39.24 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 7.23 |
Queenco L Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Queenco L's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Queenco L's standard deviation. In reality, there are many statistical measures that can use Queenco L historical prices to predict the future Queenco L's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.5815 | |||
| Total Risk Alpha | 0.6216 | |||
| Sortino Ratio | 0.1514 | |||
| Treynor Ratio | 0.9965 |
Queenco L Backtested Returns
Queenco L appears to be very steady, given 3 months investment horizon. Queenco L maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. By analyzing Queenco L's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Queenco L's Risk Adjusted Performance of 0.0952, coefficient of variation of 849.15, and Semi Deviation of 3.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Queenco L holds a performance score of 8. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Queenco L's returns are expected to increase less than the market. However, during the bear market, the loss of holding Queenco L is expected to be smaller as well. Please check Queenco L's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Queenco L's historical price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Queenco L has insignificant predictability. Overlapping area represents the amount of predictability between Queenco L time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Queenco L price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Queenco L price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 129.73 |
Queenco L lagged returns against current returns
Autocorrelation, which is Queenco L 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 Queenco L's stock expected returns. We can calculate the autocorrelation of Queenco L returns to help us make a trade decision. For example, suppose you find that Queenco L 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 |
Queenco L 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 Queenco L stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Queenco L stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Queenco L stock over time.
Current vs Lagged Prices |
| Timeline |
Queenco L Lagged Returns
When evaluating Queenco L's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Queenco L stock have on its future price. Queenco L 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, Queenco L autocorrelation shows the relationship between Queenco L stock current value and its past values and can show if there is a momentum factor associated with investing in Queenco L.
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 Queenco Stock
Queenco L financial ratios help investors to determine whether Queenco Stock 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 Queenco with respect to the benefits of owning Queenco L security.