Qantas Airways (Australia) Market Value
| QAN Stock | 9.29 0.32 3.57% |
| Symbol | Qantas |
Qantas Airways '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 Qantas Airways' 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 Qantas Airways.
| 01/19/2023 |
| 01/08/2025 |
If you would invest 0.00 in Qantas Airways on January 19, 2023 and sell it all today you would earn a total of 0.00 from holding Qantas Airways or generate 0.0% return on investment in Qantas Airways over 720 days. Qantas Airways is related to or competes with Treasury Wine, Homeco Daily, Computershare, Gold Road, Duxton Broadacre, and Falcon Metals. More
Qantas Airways 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 Qantas Airways' 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 Qantas Airways upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.2772 | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 3.21 |
Qantas Airways Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qantas Airways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qantas Airways' standard deviation. In reality, there are many statistical measures that can use Qantas Airways historical prices to predict the future Qantas Airways' volatility.| Risk Adjusted Performance | 0.2329 | |||
| Jensen Alpha | 0.4151 | |||
| Total Risk Alpha | 0.4162 | |||
| Sortino Ratio | 0.2916 | |||
| Treynor Ratio | (5.79) |
Qantas Airways Backtested Returns
Qantas Airways appears to be not too volatile, given 3 months investment horizon. Qantas Airways maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Qantas Airways, which you can use to evaluate the volatility of the company. Please evaluate Qantas Airways' Risk Adjusted Performance of 0.2329, semi deviation of 1.05, and Coefficient Of Variation of 352.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qantas Airways holds a performance score of 22. The company holds a Beta of -0.0717, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qantas Airways are expected to decrease at a much lower rate. During the bear market, Qantas Airways is likely to outperform the market. Please check Qantas Airways' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Qantas Airways' historical price patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Qantas Airways has excellent reverse predictability. Overlapping area represents the amount of predictability between Qantas Airways time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 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 Qantas Airways price movement. The serial correlation of -0.81 indicates that around 81.0% of current Qantas Airways price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
Qantas Airways lagged returns against current returns
Autocorrelation, which is Qantas Airways 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 Qantas Airways' stock expected returns. We can calculate the autocorrelation of Qantas Airways returns to help us make a trade decision. For example, suppose you find that Qantas Airways 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 |
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Qantas Airways 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 Qantas Airways stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qantas Airways stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qantas Airways stock over time.
Current vs Lagged Prices |
| Timeline |
Qantas Airways Lagged Returns
When evaluating Qantas Airways' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qantas Airways stock have on its future price. Qantas Airways 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, Qantas Airways autocorrelation shows the relationship between Qantas Airways stock current value and its past values and can show if there is a momentum factor associated with investing in Qantas Airways.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Qantas Stock Analysis
When running Qantas Airways' price analysis, check to measure Qantas Airways' 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 Qantas Airways is operating at the current time. Most of Qantas Airways' value examination focuses on studying past and present price action to predict the probability of Qantas Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qantas Airways' price. Additionally, you may evaluate how the addition of Qantas Airways to your portfolios can decrease your overall portfolio volatility.