Quest Resource Holding Stock Market Value
| QRHC Stock | USD 7.05 0.11 1.59% |
| Symbol | Quest |
Quest Resource Holding Price To Book Ratio
Is Environmental & Facilities Services 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 Quest Resource. If investors know Quest 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 Quest Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.667 | Earnings Share (0.38) | Revenue Per Share 14.016 | Quarterly Revenue Growth 0.033 | Return On Assets 0.0146 |
The market value of Quest Resource Holding is measured differently than its book value, which is the value of Quest that is recorded on the company's balance sheet. Investors also form their own opinion of Quest Resource's value that differs from its market value or its book value, called intrinsic value, which is Quest Resource'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 Quest Resource's market value can be influenced by many factors that don't directly affect Quest Resource'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 Quest Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quest Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quest Resource'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.
Quest Resource '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 Resource'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 Resource.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Quest Resource on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Quest Resource Holding or generate 0.0% return on investment in Quest Resource over 180 days. Quest Resource is related to or competes with Casella Waste, Clean Harbors, Waste Connections, and Republic Services. Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and dis... More
Quest Resource 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 Resource'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 Resource Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 18.55 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 3.13 |
Quest Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quest Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quest Resource's standard deviation. In reality, there are many statistical measures that can use Quest Resource historical prices to predict the future Quest Resource's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.17) |
Quest Resource Holding Backtested Returns
Quest Resource Holding maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Quest Resource Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quest Resource's Coefficient Of Variation of (1,309), variance of 6.9, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of 1.23, 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 Resource will likely underperform. At this point, Quest Resource Holding has a negative expected return of -0.33%. Please make sure to check Quest Resource's total risk alpha, kurtosis, price action indicator, as well as the relationship between the value at risk and rate of daily change , to decide if Quest Resource Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Quest Resource Holding has modest predictability. Overlapping area represents the amount of predictability between Quest Resource time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Quest Resource Holding price movement. The serial correlation of 0.5 indicates that about 50.0% of current Quest Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Quest Resource Holding lagged returns against current returns
Autocorrelation, which is Quest Resource 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 Resource's stock expected returns. We can calculate the autocorrelation of Quest Resource returns to help us make a trade decision. For example, suppose you find that Quest Resource 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 Resource 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 Resource stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quest Resource stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quest Resource stock over time.
Current vs Lagged Prices |
| Timeline |
Quest Resource Lagged Returns
When evaluating Quest Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quest Resource stock have on its future price. Quest Resource 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 Resource autocorrelation shows the relationship between Quest Resource stock current value and its past values and can show if there is a momentum factor associated with investing in Quest Resource Holding.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Quest Resource Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quest Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Quest Resource Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quest Resource Holding Stock:Check out Quest Resource Correlation, Quest Resource Volatility and Quest Resource Alpha and Beta module to complement your research on Quest Resource. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Quest Resource 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.