Quartz Mountain Resources Stock Market Value
| QZM Stock | CAD 0.39 0.01 2.63% |
| Symbol | Quartz |
Quartz Mountain Resources Price To Book Ratio
Quartz Mountain '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 Quartz Mountain'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 Quartz Mountain.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Quartz Mountain on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Quartz Mountain Resources or generate 0.0% return on investment in Quartz Mountain over 330 days. Quartz Mountain is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Quartz Mountain Resources Ltd. engages in the acquisition, exploration, and development of mineral property interests in... More
Quartz Mountain 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 Quartz Mountain'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 Quartz Mountain Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 32.99 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 8.89 |
Quartz Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quartz Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quartz Mountain's standard deviation. In reality, there are many statistical measures that can use Quartz Mountain historical prices to predict the future Quartz Mountain's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.25) |
Quartz Mountain Resources Backtested Returns
Quartz Mountain Resources maintains Sharpe Ratio (i.e., Efficiency) of -0.0232, which implies the firm had a -0.0232% return per unit of risk over the last 3 months. Quartz Mountain Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quartz Mountain's Coefficient Of Variation of (4,415), variance of 22.36, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quartz Mountain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quartz Mountain is expected to be smaller as well. At this point, Quartz Mountain Resources has a negative expected return of -0.11%. Please make sure to check Quartz Mountain's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Quartz Mountain Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Quartz Mountain Resources has good reverse predictability. Overlapping area represents the amount of predictability between Quartz Mountain time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Quartz Mountain Resources price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Quartz Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Quartz Mountain Resources lagged returns against current returns
Autocorrelation, which is Quartz Mountain 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 Quartz Mountain's stock expected returns. We can calculate the autocorrelation of Quartz Mountain returns to help us make a trade decision. For example, suppose you find that Quartz Mountain 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 |
Quartz Mountain 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 Quartz Mountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quartz Mountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quartz Mountain stock over time.
Current vs Lagged Prices |
| Timeline |
Quartz Mountain Lagged Returns
When evaluating Quartz Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quartz Mountain stock have on its future price. Quartz Mountain 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, Quartz Mountain autocorrelation shows the relationship between Quartz Mountain stock current value and its past values and can show if there is a momentum factor associated with investing in Quartz Mountain Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Quartz Stock Analysis
When running Quartz Mountain's price analysis, check to measure Quartz Mountain's 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 Quartz Mountain is operating at the current time. Most of Quartz Mountain's value examination focuses on studying past and present price action to predict the probability of Quartz Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quartz Mountain's price. Additionally, you may evaluate how the addition of Quartz Mountain to your portfolios can decrease your overall portfolio volatility.