Qualcomm (Brazil) Market Value
| QCOM34 Stock | BRL 82.50 3.00 3.77% |
| Symbol | Qualcomm |
Qualcomm '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'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.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Qualcomm on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Qualcomm or generate 0.0% return on investment in Qualcomm over 60 days. Qualcomm is related to or competes with NVIDIA, Intel. QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are use... More
Qualcomm 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.0301 | |||
| Maximum Drawdown | 10.4 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.77 |
Qualcomm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qualcomm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qualcomm's standard deviation. In reality, there are many statistical measures that can use Qualcomm historical prices to predict the future Qualcomm's volatility.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.0946 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | 0.0293 | |||
| Treynor Ratio | 0.5794 |
Qualcomm Backtested Returns
At this point, Qualcomm is very steady. Qualcomm maintains Sharpe Ratio (i.e., Efficiency) of 0.0453, which implies the firm had a 0.0453% return per unit of risk over the last 3 months. We have found thirty technical indicators for Qualcomm, which you can use to evaluate the volatility of the company. Please check Qualcomm's Semi Deviation of 2.12, risk adjusted performance of 0.0468, and Coefficient Of Variation of 1977.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Qualcomm has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qualcomm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qualcomm is expected to be smaller as well. Qualcomm right now holds a risk of 2.21%. Please check Qualcomm semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Qualcomm will be following its historical price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Qualcomm has weak reverse predictability. Overlapping area represents the amount of predictability between Qualcomm time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Qualcomm price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Qualcomm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.86 |
Qualcomm lagged returns against current returns
Autocorrelation, which is Qualcomm 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's stock expected returns. We can calculate the autocorrelation of Qualcomm returns to help us make a trade decision. For example, suppose you find that Qualcomm 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qualcomm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qualcomm stock over time.
Current vs Lagged Prices |
| Timeline |
Qualcomm Lagged Returns
When evaluating Qualcomm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qualcomm stock have on its future price. Qualcomm 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 autocorrelation shows the relationship between Qualcomm stock current value and its past values and can show if there is a momentum factor associated with investing in Qualcomm.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Qualcomm Stock
Qualcomm financial ratios help investors to determine whether Qualcomm 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 Qualcomm with respect to the benefits of owning Qualcomm security.