QINGCI GAMES (Germany) Market Value
| Z56 Stock | 0.27 0.01 3.57% |
| Symbol | QINGCI |
QINGCI GAMES '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 QINGCI GAMES'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 QINGCI GAMES.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in QINGCI GAMES on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding QINGCI GAMES INC or generate 0.0% return on investment in QINGCI GAMES over 30 days. QINGCI GAMES is related to or competes with Sea, NEXON Co, Take-Two Interactive, and Bilibili. More
QINGCI GAMES 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 QINGCI GAMES'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 QINGCI GAMES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.19 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 3.85 |
QINGCI GAMES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QINGCI GAMES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QINGCI GAMES's standard deviation. In reality, there are many statistical measures that can use QINGCI GAMES historical prices to predict the future QINGCI GAMES's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.26) |
QINGCI GAMES INC Backtested Returns
QINGCI GAMES INC maintains Sharpe Ratio (i.e., Efficiency) of -0.0391, which implies the firm had a -0.0391% return per unit of volatility over the last 3 months. QINGCI GAMES INC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QINGCI GAMES's risk adjusted performance of (0.02), and Coefficient Of Variation of (2,576) to confirm the risk estimate we provide. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, QINGCI GAMES's returns are expected to increase less than the market. However, during the bear market, the loss of holding QINGCI GAMES is expected to be smaller as well. At this point, QINGCI GAMES INC has a negative expected return of -0.12%. Please make sure to check QINGCI GAMES's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if QINGCI GAMES INC performance from the past will be repeated at future time.
Auto-correlation | -0.27 |
Weak reverse predictability
QINGCI GAMES INC has weak reverse predictability. Overlapping area represents the amount of predictability between QINGCI GAMES time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 QINGCI GAMES INC price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current QINGCI GAMES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
QINGCI GAMES INC lagged returns against current returns
Autocorrelation, which is QINGCI GAMES 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 QINGCI GAMES's stock expected returns. We can calculate the autocorrelation of QINGCI GAMES returns to help us make a trade decision. For example, suppose you find that QINGCI GAMES 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 |
QINGCI GAMES 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 QINGCI GAMES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QINGCI GAMES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QINGCI GAMES stock over time.
Current vs Lagged Prices |
| Timeline |
QINGCI GAMES Lagged Returns
When evaluating QINGCI GAMES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QINGCI GAMES stock have on its future price. QINGCI GAMES 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, QINGCI GAMES autocorrelation shows the relationship between QINGCI GAMES stock current value and its past values and can show if there is a momentum factor associated with investing in QINGCI GAMES INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in QINGCI Stock
QINGCI GAMES financial ratios help investors to determine whether QINGCI 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 QINGCI with respect to the benefits of owning QINGCI GAMES security.