Qinetiq Group Plc Stock Market Value
| QNTQY Stock | USD 21.04 0.65 3.00% |
| Symbol | Qinetiq |
Qinetiq Group '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 Qinetiq Group's pink sheet 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 Qinetiq Group.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Qinetiq Group on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Qinetiq Group PLC or generate 0.0% return on investment in Qinetiq Group over 420 days. Qinetiq Group is related to or competes with Rolls-Royce Holdings, VirTra, BWX Technologies, Embraer SA, HEICO, Vertical Aerospace, and Rocket Lab. QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure m... More
Qinetiq Group 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 Qinetiq Group's pink sheet 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 Qinetiq Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 14.35 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.16 |
Qinetiq Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qinetiq Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qinetiq Group's standard deviation. In reality, there are many statistical measures that can use Qinetiq Group historical prices to predict the future Qinetiq Group's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.46) |
Qinetiq Group PLC Backtested Returns
Qinetiq Group PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.0846, which implies the firm had a -0.0846% return per unit of risk over the last 3 months. Qinetiq Group PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qinetiq Group's Variance of 4.87, risk adjusted performance of (0.08), and Coefficient Of Variation of (865.24) to confirm the risk estimate we provide. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qinetiq Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qinetiq Group is expected to be smaller as well. At this point, Qinetiq Group PLC has a negative expected return of -0.18%. Please make sure to check Qinetiq Group's kurtosis, and the relationship between the value at risk and rate of daily change , to decide if Qinetiq Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Qinetiq Group PLC has below average predictability. Overlapping area represents the amount of predictability between Qinetiq Group time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 Qinetiq Group PLC price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Qinetiq Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 5.06 |
Qinetiq Group PLC lagged returns against current returns
Autocorrelation, which is Qinetiq Group pink sheet'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 Qinetiq Group's pink sheet expected returns. We can calculate the autocorrelation of Qinetiq Group returns to help us make a trade decision. For example, suppose you find that Qinetiq Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Qinetiq Group 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 Qinetiq Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qinetiq Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qinetiq Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Qinetiq Group Lagged Returns
When evaluating Qinetiq Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qinetiq Group pink sheet have on its future price. Qinetiq Group 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, Qinetiq Group autocorrelation shows the relationship between Qinetiq Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Qinetiq Group PLC.
Regressed Prices |
| Timeline |
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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.Additional Tools for Qinetiq Pink Sheet Analysis
When running Qinetiq Group's price analysis, check to measure Qinetiq Group'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 Qinetiq Group is operating at the current time. Most of Qinetiq Group's value examination focuses on studying past and present price action to predict the probability of Qinetiq Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qinetiq Group's price. Additionally, you may evaluate how the addition of Qinetiq Group to your portfolios can decrease your overall portfolio volatility.