Qomolangma Acquisition Corp Stock Market Value
| QOMO Stock | 11.55 0.00 0.00% |
| Symbol | Qomolangma |
Qomolangma Acquisition Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Qomolangma Acquisition. If investors know Qomolangma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Qomolangma Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.63) | Return On Assets (0.02) | Return On Equity (0.49) |
The market value of Qomolangma Acquisition is measured differently than its book value, which is the value of Qomolangma that is recorded on the company's balance sheet. Investors also form their own opinion of Qomolangma Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Qomolangma Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qomolangma Acquisition's market value can be influenced by many factors that don't directly affect Qomolangma Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qomolangma Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qomolangma Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qomolangma Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Qomolangma Acquisition '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 Qomolangma Acquisition'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 Qomolangma Acquisition.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Qomolangma Acquisition on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Qomolangma Acquisition Corp or generate 0.0% return on investment in Qomolangma Acquisition over 720 days. Qomolangma Acquisition is related to or competes with Patria Latin, and Futuretech. Qomolangma Acquisition is entity of United States More
Qomolangma Acquisition 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 Qomolangma Acquisition'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 Qomolangma Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 1.93 |
Qomolangma Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qomolangma Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qomolangma Acquisition's standard deviation. In reality, there are many statistical measures that can use Qomolangma Acquisition historical prices to predict the future Qomolangma Acquisition's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.02) |
Qomolangma Acquisition Backtested Returns
As of now, Qomolangma Stock is not too volatile. Qomolangma Acquisition maintains Sharpe Ratio (i.e., Efficiency) of 0.0019, which implies the firm had a 0.0019% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Qomolangma Acquisition, which you can use to evaluate the volatility of the company. Please check Qomolangma Acquisition's Semi Deviation of 1.22, coefficient of variation of 53731.71, and Risk Adjusted Performance of 0.0075 to confirm if the risk estimate we provide is consistent with the expected return of 0.0037%. The company holds a Beta of 0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qomolangma Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qomolangma Acquisition is expected to be smaller as well. Qomolangma Acquisition right now holds a risk of 1.95%. Please check Qomolangma Acquisition maximum drawdown, as well as the relationship between the expected short fall and day typical price , to decide if Qomolangma Acquisition will be following its historical price patterns.
Auto-correlation | 0.81 |
Very good predictability
Qomolangma Acquisition Corp has very good predictability. Overlapping area represents the amount of predictability between Qomolangma Acquisition time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Qomolangma Acquisition price movement. The serial correlation of 0.81 indicates that around 81.0% of current Qomolangma Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Qomolangma Acquisition lagged returns against current returns
Autocorrelation, which is Qomolangma Acquisition 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 Qomolangma Acquisition's stock expected returns. We can calculate the autocorrelation of Qomolangma Acquisition returns to help us make a trade decision. For example, suppose you find that Qomolangma Acquisition 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 |
Qomolangma Acquisition 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 Qomolangma Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qomolangma Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qomolangma Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Qomolangma Acquisition Lagged Returns
When evaluating Qomolangma Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qomolangma Acquisition stock have on its future price. Qomolangma Acquisition 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, Qomolangma Acquisition autocorrelation shows the relationship between Qomolangma Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Qomolangma Acquisition Corp.
Regressed Prices |
| Timeline |
Pair Trading with Qomolangma Acquisition
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 Qomolangma Acquisition 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 Qomolangma Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against Qomolangma Stock
| 0.54 | LX | Lexinfintech Holdings | PairCorr |
| 0.5 | AC | Associated Capital | PairCorr |
| 0.43 | CG | Carlyle Group | PairCorr |
| 0.42 | AB | AllianceBernstein | PairCorr |
| 0.37 | MS | Morgan Stanley Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Qomolangma Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qomolangma Acquisition 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 Qomolangma Acquisition - 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 Qomolangma Acquisition Corp to buy it.
The correlation of Qomolangma Acquisition 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 Qomolangma Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qomolangma Acquisition 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 Qomolangma Acquisition 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.Check out Qomolangma Acquisition Correlation, Qomolangma Acquisition Volatility and Qomolangma Acquisition Alpha and Beta module to complement your research on Qomolangma Acquisition. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Qomolangma Acquisition technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.