QST International (Taiwan) Market Value
| 8349 Stock | TWD 62.40 0.50 0.79% |
| Symbol | QST |
QST International '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 QST International'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 QST International.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in QST International on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding QST International or generate 0.0% return on investment in QST International over 30 days. QST International is related to or competes with Hota Industrial, BizLink Holding, Flexium Interconnect, Chen Full, and Actron Technology. QST International Corp. manufactures and sells automotive fasteners and metal parts worldwide More
QST International 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 QST International'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 QST International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 4.45 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 0.8696 |
QST International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QST International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QST International's standard deviation. In reality, there are many statistical measures that can use QST International historical prices to predict the future QST International's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 1.49 |
QST International Backtested Returns
QST International maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of standard deviation over the last 3 months. QST International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check QST International's Coefficient Of Variation of (498.37), market risk adjusted performance of 1.5, and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning QST International are expected to decrease at a much lower rate. During the bear market, QST International is likely to outperform the market. At this point, QST International has a negative expected return of -0.16%. Please make sure to check QST International's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if QST International performance from the past will be repeated at some future point.
Auto-correlation | 0.08 |
Virtually no predictability
QST International has virtually no predictability. Overlapping area represents the amount of predictability between QST International time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 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 QST International price movement. The serial correlation of 0.08 indicates that barely 8.0% of current QST International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
QST International lagged returns against current returns
Autocorrelation, which is QST International 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 QST International's stock expected returns. We can calculate the autocorrelation of QST International returns to help us make a trade decision. For example, suppose you find that QST International 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 |
QST International 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 QST International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QST International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QST International stock over time.
Current vs Lagged Prices |
| Timeline |
QST International Lagged Returns
When evaluating QST International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QST International stock have on its future price. QST International 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, QST International autocorrelation shows the relationship between QST International stock current value and its past values and can show if there is a momentum factor associated with investing in QST International.
Regressed Prices |
| Timeline |
Pair Trading with QST International
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 QST International 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 QST International will appreciate offsetting losses from the drop in the long position's value.Moving together with QST Stock
| 0.68 | 1438 | SanDi Properties | PairCorr |
| 0.7 | 1516 | Falcon Power Split | PairCorr |
| 0.93 | 6785 | Alar Pharmaceuticals | PairCorr |
| 0.8 | 1435 | Chung Fu Tex | PairCorr |
| 0.89 | 1423 | Reward Wool Industry | PairCorr |
Moving against QST Stock
The ability to find closely correlated positions to QST International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QST International 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 QST International - 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 QST International to buy it.
The correlation of QST International 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 QST International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QST International 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 QST International 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.Additional Tools for QST Stock Analysis
When running QST International's price analysis, check to measure QST International'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 QST International is operating at the current time. Most of QST International's value examination focuses on studying past and present price action to predict the probability of QST International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move QST International's price. Additionally, you may evaluate how the addition of QST International to your portfolios can decrease your overall portfolio volatility.