IQuest Co (Korea) Market Value
| 262840 Stock | KRW 2,385 5.00 0.21% |
| Symbol | IQuest |
IQuest Co '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 IQuest Co'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 IQuest Co.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in IQuest Co on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding IQuest Co or generate 0.0% return on investment in IQuest Co over 90 days. IQuest Co is related to or competes with Anam Electronics, Sungmoon Electronics, Daeduck Electronics, Jahwa Electronics, Samwha Electronics, and Mobileleader CoLtd. Iquest Co., Ltd. develops and sells ERP software in South Korea More
IQuest Co 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 IQuest Co'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 IQuest Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 10.53 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 3.4 |
IQuest Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IQuest Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IQuest Co's standard deviation. In reality, there are many statistical measures that can use IQuest Co historical prices to predict the future IQuest Co's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0849 | |||
| Total Risk Alpha | 0.2799 | |||
| Sortino Ratio | 0.0566 | |||
| Treynor Ratio | 0.1453 |
IQuest Co Backtested Returns
At this point, IQuest Co is very steady. IQuest Co holds Efficiency (Sharpe) Ratio of 0.0321, which attests that the entity had a 0.0321 % return per unit of risk over the last 3 months. We have found thirty technical indicators for IQuest Co, which you can use to evaluate the volatility of the firm. Please check out IQuest Co's Downside Deviation of 2.53, risk adjusted performance of 0.0308, and Market Risk Adjusted Performance of 0.1553 to validate if the risk estimate we provide is consistent with the expected return of 0.0494%. IQuest Co has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IQuest Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding IQuest Co is expected to be smaller as well. IQuest Co right now retains a risk of 1.54%. Please check out IQuest Co total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if IQuest Co will be following its current trending patterns.
Auto-correlation | -0.52 |
Good reverse predictability
IQuest Co has good reverse predictability. Overlapping area represents the amount of predictability between IQuest Co time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 IQuest Co price movement. The serial correlation of -0.52 indicates that about 52.0% of current IQuest Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 8994.12 |
IQuest Co lagged returns against current returns
Autocorrelation, which is IQuest Co 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 IQuest Co's stock expected returns. We can calculate the autocorrelation of IQuest Co returns to help us make a trade decision. For example, suppose you find that IQuest Co 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 |
IQuest Co 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 IQuest Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IQuest Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IQuest Co stock over time.
Current vs Lagged Prices |
| Timeline |
IQuest Co Lagged Returns
When evaluating IQuest Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IQuest Co stock have on its future price. IQuest Co 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, IQuest Co autocorrelation shows the relationship between IQuest Co stock current value and its past values and can show if there is a momentum factor associated with investing in IQuest Co.
Regressed Prices |
| Timeline |
Pair Trading with IQuest Co
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 IQuest Co 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 IQuest Co will appreciate offsetting losses from the drop in the long position's value.Moving together with IQuest Stock
Moving against IQuest Stock
The ability to find closely correlated positions to IQuest Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IQuest Co 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 IQuest Co - 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 IQuest Co to buy it.
The correlation of IQuest Co 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 IQuest Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IQuest Co 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 IQuest Co 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 IQuest Stock
IQuest Co financial ratios help investors to determine whether IQuest 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 IQuest with respect to the benefits of owning IQuest Co security.