Quintain Steel (Taiwan) Market Value
| 2017 Stock | TWD 12.30 0.20 1.65% |
| Symbol | Quintain |
Quintain Steel '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 Quintain Steel'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 Quintain Steel.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Quintain Steel on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Quintain Steel Co or generate 0.0% return on investment in Quintain Steel over 90 days. Quintain Steel is related to or competes with Tycoons Group, Chung Hwa, China Man, Champion Building, and China Glaze. Quintain Steel Co., LTD. engages in the production and sale of galvanized wires in Taiwan and internationally More
Quintain Steel 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 Quintain Steel'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 Quintain Steel Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 11.19 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 3.65 |
Quintain Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quintain Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quintain Steel's standard deviation. In reality, there are many statistical measures that can use Quintain Steel historical prices to predict the future Quintain Steel's volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.1736 | |||
| Total Risk Alpha | 0.377 | |||
| Sortino Ratio | 0.1487 | |||
| Treynor Ratio | 0.2787 |
Quintain Steel Backtested Returns
Quintain Steel appears to be not too volatile, given 3 months investment horizon. Quintain Steel maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Quintain Steel, which you can use to evaluate the volatility of the company. Please evaluate Quintain Steel's Semi Deviation of 1.35, coefficient of variation of 1494.7, and Risk Adjusted Performance of 0.0639 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Quintain Steel holds a performance score of 8. The company holds a Beta of 0.45, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quintain Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quintain Steel is expected to be smaller as well. Please check Quintain Steel's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Quintain Steel's historical price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Quintain Steel Co has very good reverse predictability. Overlapping area represents the amount of predictability between Quintain Steel time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Quintain Steel price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Quintain Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Quintain Steel lagged returns against current returns
Autocorrelation, which is Quintain Steel 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 Quintain Steel's stock expected returns. We can calculate the autocorrelation of Quintain Steel returns to help us make a trade decision. For example, suppose you find that Quintain Steel 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 |
Quintain Steel 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 Quintain Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quintain Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quintain Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Quintain Steel Lagged Returns
When evaluating Quintain Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quintain Steel stock have on its future price. Quintain Steel 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, Quintain Steel autocorrelation shows the relationship between Quintain Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Quintain Steel Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Quintain Stock Analysis
When running Quintain Steel's price analysis, check to measure Quintain Steel'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 Quintain Steel is operating at the current time. Most of Quintain Steel's value examination focuses on studying past and present price action to predict the probability of Quintain Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quintain Steel's price. Additionally, you may evaluate how the addition of Quintain Steel to your portfolios can decrease your overall portfolio volatility.