Quest Pharmatech Stock Market Value
| QPT Stock | CAD 0.04 0.00 0.00% |
| Symbol | Quest |
Quest PharmaTech '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 Quest PharmaTech'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 Quest PharmaTech.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Quest PharmaTech on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Quest PharmaTech or generate 0.0% return on investment in Quest PharmaTech over 30 days. Quest PharmaTech is related to or competes with Precious Metals, Boat Rocker, Canso Select, ISign Media, Highwood Asset, Postmedia Network, and Brookfield Asset. Quest PharmaTech Inc., a biotechnology company, develops and commercializes antibody based immunotherapeutic products fo... More
Quest PharmaTech 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 Quest PharmaTech'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 Quest PharmaTech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.46 | |||
| Information Ratio | 0.1309 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Quest PharmaTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quest PharmaTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quest PharmaTech's standard deviation. In reality, there are many statistical measures that can use Quest PharmaTech historical prices to predict the future Quest PharmaTech's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 1.92 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.075 | |||
| Treynor Ratio | 0.8454 |
Quest PharmaTech Backtested Returns
Quest PharmaTech is out of control given 3 months investment horizon. Quest PharmaTech maintains Sharpe Ratio (i.e., Efficiency) of 0.0975, which implies the firm had a 0.0975% return per unit of risk over the last 3 months. We were able to interpolate twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Quest PharmaTech Coefficient Of Variation of 717.78, semi deviation of 9.19, and Risk Adjusted Performance of 0.116 to evaluate company specific risk that cannot be diversified away. Quest PharmaTech holds a performance score of 7 on a scale of zero to a hundred. The company holds a Beta of 2.68, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Quest PharmaTech will likely underperform. Use Quest PharmaTech total risk alpha, as well as the relationship between the potential upside and kurtosis , to analyze future returns on Quest PharmaTech.
Auto-correlation | 0.17 |
Very weak predictability
Quest PharmaTech has very weak predictability. Overlapping area represents the amount of predictability between Quest PharmaTech time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Quest PharmaTech price movement. The serial correlation of 0.17 indicates that over 17.0% of current Quest PharmaTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Quest PharmaTech lagged returns against current returns
Autocorrelation, which is Quest PharmaTech 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 Quest PharmaTech's stock expected returns. We can calculate the autocorrelation of Quest PharmaTech returns to help us make a trade decision. For example, suppose you find that Quest PharmaTech 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 |
Quest PharmaTech 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 Quest PharmaTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quest PharmaTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quest PharmaTech stock over time.
Current vs Lagged Prices |
| Timeline |
Quest PharmaTech Lagged Returns
When evaluating Quest PharmaTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quest PharmaTech stock have on its future price. Quest PharmaTech 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, Quest PharmaTech autocorrelation shows the relationship between Quest PharmaTech stock current value and its past values and can show if there is a momentum factor associated with investing in Quest PharmaTech.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Quest Stock Analysis
When running Quest PharmaTech's price analysis, check to measure Quest PharmaTech'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 Quest PharmaTech is operating at the current time. Most of Quest PharmaTech's value examination focuses on studying past and present price action to predict the probability of Quest PharmaTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quest PharmaTech's price. Additionally, you may evaluate how the addition of Quest PharmaTech to your portfolios can decrease your overall portfolio volatility.