Queens Road Capital Stock Market Value
| QRC Stock | 0.76 0.01 1.30% |
| Symbol | Queens |
Queens Road Capital Price To Book Ratio
Queens Road '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 Queens Road'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 Queens Road.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Queens Road on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Queens Road Capital or generate 0.0% return on investment in Queens Road over 30 days. Queens Road is related to or competes with Mineros SA, Triple Flag, and SolGold PLC. Queens Road is entity of Canada. It is traded as Stock on TO exchange. More
Queens Road 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 Queens Road'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 Queens Road Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.6 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 4.11 |
Queens Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Queens Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Queens Road's standard deviation. In reality, there are many statistical measures that can use Queens Road historical prices to predict the future Queens Road's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0403 |
Queens Road Capital Backtested Returns
As of now, Queens Stock is dangerous. Queens Road Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.0205, which implies the firm had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Queens Road Capital, which you can use to evaluate the volatility of the company. Please check Queens Road's Coefficient Of Variation of 9421.87, risk adjusted performance of 0.0146, and Semi Deviation of 1.7 to confirm if the risk estimate we provide is consistent with the expected return of 0.0452%. Queens Road 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, Queens Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Queens Road is expected to be smaller as well. Queens Road Capital right now holds a risk of 2.21%. Please check Queens Road Capital jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Queens Road Capital will be following its historical price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Queens Road Capital has virtually no predictability. Overlapping area represents the amount of predictability between Queens Road time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Queens Road Capital price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Queens Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Queens Road Capital lagged returns against current returns
Autocorrelation, which is Queens Road 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 Queens Road's stock expected returns. We can calculate the autocorrelation of Queens Road returns to help us make a trade decision. For example, suppose you find that Queens Road 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 |
Queens Road 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 Queens Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Queens Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Queens Road stock over time.
Current vs Lagged Prices |
| Timeline |
Queens Road Lagged Returns
When evaluating Queens Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Queens Road stock have on its future price. Queens Road 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, Queens Road autocorrelation shows the relationship between Queens Road stock current value and its past values and can show if there is a momentum factor associated with investing in Queens Road Capital.
Regressed Prices |
| Timeline |
Pair Trading with Queens Road
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 Queens Road 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 Queens Road will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Queens Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Queens Road 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 Queens Road - 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 Queens Road Capital to buy it.
The correlation of Queens Road 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 Queens Road moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Queens Road Capital 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 Queens Road 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.Other Information on Investing in Queens Stock
Queens Road financial ratios help investors to determine whether Queens 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 Queens with respect to the benefits of owning Queens Road security.