Qualcomm Incorporated Stock Market Value
| QCOM Stock | 21.07 0.63 3.08% |
| Symbol | QUALCOMM |
QUALCOMM Incorporated '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 QUALCOMM Incorporated'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 QUALCOMM Incorporated.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in QUALCOMM Incorporated on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding QUALCOMM Incorporated or generate 0.0% return on investment in QUALCOMM Incorporated over 90 days. QUALCOMM Incorporated is related to or competes with Sparx Technology, Cogeco Communications, Data Communications, Exco Technologies, Nano One, Hemisphere Energy, and Evertz Technologies. QUALCOMM Incorporated is entity of Canada More
QUALCOMM Incorporated 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 QUALCOMM Incorporated'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 QUALCOMM Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 8.17 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.08 |
QUALCOMM Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QUALCOMM Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QUALCOMM Incorporated's standard deviation. In reality, there are many statistical measures that can use QUALCOMM Incorporated historical prices to predict the future QUALCOMM Incorporated's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0816 | |||
| Total Risk Alpha | 0.197 | |||
| Treynor Ratio | (0.03) |
QUALCOMM Incorporated Backtested Returns
At this point, QUALCOMM Incorporated is very steady. QUALCOMM Incorporated retains Efficiency (Sharpe Ratio) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for QUALCOMM Incorporated, which you can use to evaluate the volatility of the company. Please check QUALCOMM Incorporated's coefficient of variation of (7,136), and Market Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0013%. The company owns a Beta (Systematic Risk) of 1.08, which implies a somewhat significant risk relative to the market. QUALCOMM Incorporated returns are very sensitive to returns on the market. As the market goes up or down, QUALCOMM Incorporated is expected to follow. QUALCOMM Incorporated currently owns a risk of 1.87%. Please check QUALCOMM Incorporated jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if QUALCOMM Incorporated will be following its current price history.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
QUALCOMM Incorporated has almost perfect reverse predictability. Overlapping area represents the amount of predictability between QUALCOMM Incorporated time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 QUALCOMM Incorporated price movement. The serial correlation of -0.78 indicates that around 78.0% of current QUALCOMM Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
QUALCOMM Incorporated lagged returns against current returns
Autocorrelation, which is QUALCOMM Incorporated 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 QUALCOMM Incorporated's stock expected returns. We can calculate the autocorrelation of QUALCOMM Incorporated returns to help us make a trade decision. For example, suppose you find that QUALCOMM Incorporated 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 |
QUALCOMM Incorporated 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 QUALCOMM Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QUALCOMM Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QUALCOMM Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
QUALCOMM Incorporated Lagged Returns
When evaluating QUALCOMM Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QUALCOMM Incorporated stock have on its future price. QUALCOMM Incorporated 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, QUALCOMM Incorporated autocorrelation shows the relationship between QUALCOMM Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in QUALCOMM Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with QUALCOMM Incorporated
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 QUALCOMM Incorporated 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 QUALCOMM Incorporated will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to QUALCOMM Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QUALCOMM Incorporated 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 QUALCOMM Incorporated - 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 QUALCOMM Incorporated to buy it.
The correlation of QUALCOMM Incorporated 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 QUALCOMM Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QUALCOMM Incorporated 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 QUALCOMM Incorporated 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.Check out QUALCOMM Incorporated Correlation, QUALCOMM Incorporated Volatility and QUALCOMM Incorporated Alpha and Beta module to complement your research on QUALCOMM Incorporated. For information on how to trade QUALCOMM Stock refer to our How to Trade QUALCOMM Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
QUALCOMM Incorporated technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.