Qxo, Inc Stock Market Value
| QXO Stock | 17.04 0.40 2.40% |
| Symbol | QXO, |
QXO, Inc Price To Book Ratio
Is Systems Software 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 QXO,. If investors know QXO, 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 QXO, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.27) | Revenue Per Share 86.401 | Quarterly Revenue Growth 0.097 | Return On Assets (0) | Return On Equity (0) |
The market value of QXO, Inc is measured differently than its book value, which is the value of QXO, that is recorded on the company's balance sheet. Investors also form their own opinion of QXO,'s value that differs from its market value or its book value, called intrinsic value, which is QXO,'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 QXO,'s market value can be influenced by many factors that don't directly affect QXO,'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 QXO,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if QXO, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QXO,'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.
QXO, '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 QXO,'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 QXO,.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in QXO, on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding QXO, Inc or generate 0.0% return on investment in QXO, over 360 days. QXO, is related to or competes with Alkami Technology, ADEIA P, Paycor HCM, Envestnet, Blackbaud, DoubleVerify Holdings, and Braze. QXO, is entity of United States. It is traded as Stock on NASDAQ exchange. More
QXO, 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 QXO,'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 QXO, Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.07 | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 5.75 |
QXO, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QXO,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QXO,'s standard deviation. In reality, there are many statistical measures that can use QXO, historical prices to predict the future QXO,'s volatility.| Risk Adjusted Performance | 0.0941 | |||
| Jensen Alpha | 0.2583 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0634 | |||
| Treynor Ratio | 0.5339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of QXO,'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.
QXO, Inc Backtested Returns
QXO, appears to be somewhat reliable, given 3 months investment horizon. QXO, Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.089, which implies the firm had a 0.089% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for QXO, Inc, which you can use to evaluate the volatility of the company. Please evaluate QXO,'s Risk Adjusted Performance of 0.0941, semi deviation of 2.95, and Market Risk Adjusted Performance of 0.5439 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, QXO, holds a performance score of 7. The company holds a Beta of 0.63, which implies possible diversification benefits within a given portfolio. As returns on the market increase, QXO,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding QXO, is expected to be smaller as well. Please check QXO,'s potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether QXO,'s historical price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
QXO, Inc has good reverse predictability. Overlapping area represents the amount of predictability between QXO, time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 QXO, Inc price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current QXO, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 2592.99 |
QXO, Inc lagged returns against current returns
Autocorrelation, which is QXO, 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 QXO,'s stock expected returns. We can calculate the autocorrelation of QXO, returns to help us make a trade decision. For example, suppose you find that QXO, 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 |
QXO, 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 QXO, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QXO, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QXO, stock over time.
Current vs Lagged Prices |
| Timeline |
QXO, Lagged Returns
When evaluating QXO,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QXO, stock have on its future price. QXO, 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, QXO, autocorrelation shows the relationship between QXO, stock current value and its past values and can show if there is a momentum factor associated with investing in QXO, Inc.
Regressed Prices |
| Timeline |
Pair Trading with QXO,
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 QXO, 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 QXO, will appreciate offsetting losses from the drop in the long position's value.Moving together with QXO, Stock
Moving against QXO, Stock
| 0.48 | VERB | VERB TECHNOLOGY PANY Trending | PairCorr |
| 0.42 | DMAN | Innovativ Media Group | PairCorr |
| 0.38 | VTEX | VTEX | PairCorr |
The ability to find closely correlated positions to QXO, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QXO, 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 QXO, - 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 QXO, Inc to buy it.
The correlation of QXO, 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 QXO, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QXO, Inc 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 QXO, 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.Check out QXO, Correlation, QXO, Volatility and QXO, Alpha and Beta module to complement your research on QXO,. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
QXO, 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.