Qubec Nickel Corp Stock Market Value
| QNICF Stock | USD 0.02 0.14 89.06% |
| Symbol | Québec |
Québec Nickel '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 Québec Nickel's otc 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 Québec Nickel.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Québec Nickel on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Qubec Nickel Corp or generate 0.0% return on investment in Québec Nickel over 180 days. Québec Nickel is related to or competes with Mundoro Capital. Quebec Nickel Corp. engages in the acquisition, exploration, and development of mineral resource properties More
Québec Nickel 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 Québec Nickel's otc 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 Qubec Nickel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 133.99 | |||
| Potential Upside | 3.5 |
Québec Nickel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Québec Nickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Québec Nickel's standard deviation. In reality, there are many statistical measures that can use Québec Nickel historical prices to predict the future Québec Nickel's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (2.96) | |||
| Treynor Ratio | 0.45 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Québec Nickel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Qubec Nickel Corp Backtested Returns
Qubec Nickel Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0077, which implies the firm had a -0.0077% return per unit of risk over the last 3 months. Qubec Nickel Corp exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Québec Nickel's Risk Adjusted Performance of (0.03), coefficient of variation of (1,891), and Variance of 200.4 to confirm the risk estimate we provide. The company holds a Beta of -1.69, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Québec Nickel are expected to decrease by larger amounts. On the other hand, during market turmoil, Québec Nickel is expected to outperform it. At this point, Qubec Nickel Corp has a negative expected return of -0.1%. Please make sure to check Québec Nickel's variance, kurtosis, period momentum indicator, as well as the relationship between the total risk alpha and day median price , to decide if Qubec Nickel Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Qubec Nickel Corp has below average predictability. Overlapping area represents the amount of predictability between Québec Nickel time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Qubec Nickel Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Québec Nickel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Qubec Nickel Corp lagged returns against current returns
Autocorrelation, which is Québec Nickel otc 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 Québec Nickel's otc stock expected returns. We can calculate the autocorrelation of Québec Nickel returns to help us make a trade decision. For example, suppose you find that Québec Nickel has exhibited high autocorrelation historically, and you observe that the otc 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 |
Québec Nickel 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 Québec Nickel otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Québec Nickel otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Québec Nickel otc stock over time.
Current vs Lagged Prices |
| Timeline |
Québec Nickel Lagged Returns
When evaluating Québec Nickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Québec Nickel otc stock have on its future price. Québec Nickel 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, Québec Nickel autocorrelation shows the relationship between Québec Nickel otc stock current value and its past values and can show if there is a momentum factor associated with investing in Qubec Nickel Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Québec OTC Stock
Québec Nickel financial ratios help investors to determine whether Québec OTC 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 Québec with respect to the benefits of owning Québec Nickel security.