Queste Communications (Australia) Market Value
| QUE Stock | 0.05 0.00 0.00% |
| Symbol | Queste |
Queste Communications '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 Queste Communications' 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 Queste Communications.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Queste Communications on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Queste Communications or generate 0.0% return on investment in Queste Communications over 30 days. Queste Communications is related to or competes with Champion Iron, Ridley, Peel Mining, Perpetual Credit, Telix Pharmaceuticals, Talisman Mining, and Tombador Iron. Queste Communications is entity of Australia More
Queste Communications 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 Queste Communications' 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 Queste Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.65) | |||
| Maximum Drawdown | 2.0 |
Queste Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Queste Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Queste Communications' standard deviation. In reality, there are many statistical measures that can use Queste Communications historical prices to predict the future Queste Communications' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (8.58) |
Queste Communications Backtested Returns
Queste Communications maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Queste Communications exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Queste Communications' Risk Adjusted Performance of (0.12), coefficient of variation of (812.40), and Variance of 0.0606 to confirm the risk estimate we provide. The company holds a Beta of 0.0047, which implies not very significant fluctuations relative to the market. As returns on the market increase, Queste Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Queste Communications is expected to be smaller as well. At this point, Queste Communications has a negative expected return of -0.0312%. Please make sure to check Queste Communications' information ratio, maximum drawdown, and the relationship between the variance and treynor ratio , to decide if Queste Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Queste Communications has perfect predictability. Overlapping area represents the amount of predictability between Queste Communications 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 Queste Communications price movement. The serial correlation of 1.0 indicates that 100.0% of current Queste Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Queste Communications lagged returns against current returns
Autocorrelation, which is Queste Communications 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 Queste Communications' stock expected returns. We can calculate the autocorrelation of Queste Communications returns to help us make a trade decision. For example, suppose you find that Queste Communications 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 |
Queste Communications 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 Queste Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Queste Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Queste Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Queste Communications Lagged Returns
When evaluating Queste Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Queste Communications stock have on its future price. Queste Communications 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, Queste Communications autocorrelation shows the relationship between Queste Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Queste Communications.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Queste Stock Analysis
When running Queste Communications' price analysis, check to measure Queste Communications' 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 Queste Communications is operating at the current time. Most of Queste Communications' value examination focuses on studying past and present price action to predict the probability of Queste Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Queste Communications' price. Additionally, you may evaluate how the addition of Queste Communications to your portfolios can decrease your overall portfolio volatility.