Quice Food (Pakistan) Market Value
| QUICE Stock | 6.65 0.14 2.06% |
| Symbol | Quice |
Quice Food '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 Quice Food'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 Quice Food.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Quice Food on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Quice Food Industries or generate 0.0% return on investment in Quice Food over 690 days. Quice Food is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Quice Food 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 Quice Food'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 Quice Food Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.7 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 6.88 |
Quice Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quice Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quice Food's standard deviation. In reality, there are many statistical measures that can use Quice Food historical prices to predict the future Quice Food's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 2.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quice Food's 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.
Quice Food Industries Backtested Returns
Quice Food Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.0268, which implies the firm had a -0.0268% return per unit of risk over the last 3 months. Quice Food Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quice Food's Variance of 18.95, coefficient of variation of (1,836), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Quice Food are expected to decrease at a much lower rate. During the bear market, Quice Food is likely to outperform the market. At this point, Quice Food Industries has a negative expected return of -0.12%. Please make sure to check Quice Food's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Quice Food Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Quice Food Industries has weak predictability. Overlapping area represents the amount of predictability between Quice Food time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Quice Food Industries price movement. The serial correlation of 0.23 indicates that over 23.0% of current Quice Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
Quice Food Industries lagged returns against current returns
Autocorrelation, which is Quice Food 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 Quice Food's stock expected returns. We can calculate the autocorrelation of Quice Food returns to help us make a trade decision. For example, suppose you find that Quice Food 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 |
Quice Food 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 Quice Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quice Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quice Food stock over time.
Current vs Lagged Prices |
| Timeline |
Quice Food Lagged Returns
When evaluating Quice Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quice Food stock have on its future price. Quice Food 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, Quice Food autocorrelation shows the relationship between Quice Food stock current value and its past values and can show if there is a momentum factor associated with investing in Quice Food Industries.
Regressed Prices |
| Timeline |
Pair Trading with Quice Food
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 Quice Food 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 Quice Food will appreciate offsetting losses from the drop in the long position's value.Moving against Quice Stock
| 0.74 | MARI | Mari Petroleum Split | PairCorr |
| 0.47 | THCCL | Thatta Cement | PairCorr |
| 0.37 | REWM | Reliance Weaving Mills | PairCorr |
The ability to find closely correlated positions to Quice Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quice Food 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 Quice Food - 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 Quice Food Industries to buy it.
The correlation of Quice Food 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 Quice Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quice Food Industries 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 Quice Food 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 Quice Stock
Quice Food financial ratios help investors to determine whether Quice 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 Quice with respect to the benefits of owning Quice Food security.