Quantum Software (Poland) Market Value
| QNT Stock | 23.20 0.20 0.85% |
| Symbol | Quantum |
Quantum Software '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 Software'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 Quantum Software.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Quantum Software on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Quantum Software SA or generate 0.0% return on investment in Quantum Software over 30 days. Quantum Software is related to or competes with Live Motion, X Trade, Igoria Trade, and Mlk Foods. More
Quantum Software 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 Software'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 Quantum Software SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.96 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 28.01 | |||
| Value At Risk | (8.18) | |||
| Potential Upside | 8.7 |
Quantum Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quantum Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quantum Software's standard deviation. In reality, there are many statistical measures that can use Quantum Software historical prices to predict the future Quantum Software's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0694 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quantum Software'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.
Quantum Software Backtested Returns
Currently, Quantum Software SA is not too volatile. Quantum Software maintains Sharpe Ratio (i.e., Efficiency) of 0.0207, which implies the firm had a 0.0207% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Quantum Software, which you can use to evaluate the volatility of the company. Please check Quantum Software's Semi Deviation of 2.91, coefficient of variation of 12915.55, and Risk Adjusted Performance of 0.0141 to confirm if the risk estimate we provide is consistent with the expected return of 0.0882%. Quantum Software has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quantum Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quantum Software is expected to be smaller as well. Quantum Software right now holds a risk of 4.25%. Please check Quantum Software value at risk, and the relationship between the jensen alpha and skewness , to decide if Quantum Software will be following its historical price patterns.
Auto-correlation | 0.34 |
Below average predictability
Quantum Software SA has below average predictability. Overlapping area represents the amount of predictability between Quantum Software 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 Quantum Software price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Quantum Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
Quantum Software lagged returns against current returns
Autocorrelation, which is Quantum Software 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 Software's stock expected returns. We can calculate the autocorrelation of Quantum Software returns to help us make a trade decision. For example, suppose you find that Quantum Software 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 Software 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 Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quantum Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quantum Software stock over time.
Current vs Lagged Prices |
| Timeline |
Quantum Software Lagged Returns
When evaluating Quantum Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quantum Software stock have on its future price. Quantum Software 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 Software autocorrelation shows the relationship between Quantum Software stock current value and its past values and can show if there is a momentum factor associated with investing in Quantum Software SA.
Regressed Prices |
| Timeline |
Pair Trading with Quantum Software
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Quantum Software position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Quantum Software will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Quantum Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quantum Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Quantum Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Quantum Software SA to buy it.
The correlation of Quantum Software is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Quantum Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quantum Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Quantum Software can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Quantum Stock Analysis
When running Quantum Software's price analysis, check to measure Quantum Software'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 Quantum Software is operating at the current time. Most of Quantum Software's value examination focuses on studying past and present price action to predict the probability of Quantum Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum Software's price. Additionally, you may evaluate how the addition of Quantum Software to your portfolios can decrease your overall portfolio volatility.