Quest Diagnostics Incorporated Stock Market Value
| DGX Stock | USD 162.66 0.66 0.40% |
| Symbol | Quest |
Quest Diagnostics Price To Book Ratio
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quest Diagnostics. If investors know Quest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quest Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.015 | Dividend Share 2.96 | Earnings Share 7.45 | Revenue Per Share 85.744 | Quarterly Revenue Growth 0.084 |
The market value of Quest Diagnostics is measured differently than its book value, which is the value of Quest that is recorded on the company's balance sheet. Investors also form their own opinion of Quest Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Quest Diagnostics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quest Diagnostics' market value can be influenced by many factors that don't directly affect Quest Diagnostics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quest Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Quest Diagnostics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quest Diagnostics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Quest Diagnostics '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 Quest Diagnostics' 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 Quest Diagnostics.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Quest Diagnostics on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Quest Diagnostics Incorporated or generate 0.0% return on investment in Quest Diagnostics over 180 days. Quest Diagnostics is related to or competes with IQVIA Holdings, Mettler Toledo, Twist Bioscience, Waters, ICON PLC, IDEXX Laboratories, and Charles River. Quest Diagnostics Incorporated provides diagnostic testing, information, and services in the United States and internati... More
Quest Diagnostics 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 Quest Diagnostics' 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 Quest Diagnostics Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.59 |
Quest Diagnostics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quest Diagnostics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quest Diagnostics' standard deviation. In reality, there are many statistical measures that can use Quest Diagnostics historical prices to predict the future Quest Diagnostics' volatility.| Risk Adjusted Performance | 0.0583 | |||
| Jensen Alpha | 0.028 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.197 |
Quest Diagnostics Backtested Returns
At this stage we consider Quest Stock to be very steady. Quest Diagnostics maintains Sharpe Ratio (i.e., Efficiency) of 0.0564, which implies the firm had a 0.0564% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Quest Diagnostics, which you can use to evaluate the volatility of the company. Please check Quest Diagnostics' Coefficient Of Variation of 1406.64, risk adjusted performance of 0.0583, and Semi Deviation of 0.9058 to confirm if the risk estimate we provide is consistent with the expected return of 0.0723%. Quest Diagnostics has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quest Diagnostics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Quest Diagnostics is expected to be smaller as well. Quest Diagnostics right now holds a risk of 1.28%. Please check Quest Diagnostics standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Quest Diagnostics will be following its historical price patterns.
Auto-correlation | 0.63 |
Good predictability
Quest Diagnostics Incorporated has good predictability. Overlapping area represents the amount of predictability between Quest Diagnostics time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Quest Diagnostics price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Quest Diagnostics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 19.91 |
Quest Diagnostics lagged returns against current returns
Autocorrelation, which is Quest Diagnostics 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 Quest Diagnostics' stock expected returns. We can calculate the autocorrelation of Quest Diagnostics returns to help us make a trade decision. For example, suppose you find that Quest Diagnostics 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 |
Quest Diagnostics 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 Quest Diagnostics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quest Diagnostics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quest Diagnostics stock over time.
Current vs Lagged Prices |
| Timeline |
Quest Diagnostics Lagged Returns
When evaluating Quest Diagnostics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quest Diagnostics stock have on its future price. Quest Diagnostics 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, Quest Diagnostics autocorrelation shows the relationship between Quest Diagnostics stock current value and its past values and can show if there is a momentum factor associated with investing in Quest Diagnostics Incorporated.
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 Quest Stock Analysis
When running Quest Diagnostics' price analysis, check to measure Quest Diagnostics' 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 Quest Diagnostics is operating at the current time. Most of Quest Diagnostics' value examination focuses on studying past and present price action to predict the probability of Quest Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quest Diagnostics' price. Additionally, you may evaluate how the addition of Quest Diagnostics to your portfolios can decrease your overall portfolio volatility.