Q2 Metals Corp Stock Market Value
| QUEXF Stock | 0.55 0.04 6.78% |
| Symbol | QUEXF |
Q2 Metals '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 Q2 Metals' otc 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 Q2 Metals.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Q2 Metals on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Q2 Metals Corp or generate 0.0% return on investment in Q2 Metals over 30 days. Q2 Metals is related to or competes with Vertiv Holdings, Nasdaq, McDonalds, Walmart, Caterpillar, HP, and Verizon Communications. More
Q2 Metals 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 Q2 Metals' otc 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 Q2 Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.97 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 49.29 | |||
| Value At Risk | (11.63) | |||
| Potential Upside | 19.15 |
Q2 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Q2 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Q2 Metals' standard deviation. In reality, there are many statistical measures that can use Q2 Metals historical prices to predict the future Q2 Metals' volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.6995 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | 0.0871 | |||
| Treynor Ratio | 3.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Q2 Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Q2 Metals Corp Backtested Returns
Q2 Metals appears to be out of control, given 3 months investment horizon. Q2 Metals Corp retains Efficiency (Sharpe Ratio) of 0.0732, which implies the company had a 0.0732% return per unit of price deviation over the last 3 months. By reviewing Q2 Metals' technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please evaluate Q2 Metals' market risk adjusted performance of 3.13, and Standard Deviation of 9.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Q2 Metals holds a performance score of 5. The firm owns a Beta (Systematic Risk) of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Q2 Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Q2 Metals is expected to be smaller as well. Please check Q2 Metals' coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Q2 Metals' current price history will revert.
Auto-correlation | 0.19 |
Very weak predictability
Q2 Metals Corp has very weak predictability. Overlapping area represents the amount of predictability between Q2 Metals time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Q2 Metals Corp price movement. The serial correlation of 0.19 indicates that over 19.0% of current Q2 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Q2 Metals Corp lagged returns against current returns
Autocorrelation, which is Q2 Metals otc 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 Q2 Metals' otc stock expected returns. We can calculate the autocorrelation of Q2 Metals returns to help us make a trade decision. For example, suppose you find that Q2 Metals has exhibited high autocorrelation historically, and you observe that the otc 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 |
Q2 Metals 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 Q2 Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Q2 Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Q2 Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Q2 Metals Lagged Returns
When evaluating Q2 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Q2 Metals otc stock have on its future price. Q2 Metals 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, Q2 Metals autocorrelation shows the relationship between Q2 Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Q2 Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in QUEXF OTC Stock
Q2 Metals financial ratios help investors to determine whether QUEXF OTC 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 QUEXF with respect to the benefits of owning Q2 Metals security.