Quidel Stock Market Value
| QDEL Stock | USD 38.97 0.08 0.20% |
| Symbol | Quidel |
Quidel Price To Book Ratio
Is Health Care Equipment & Supplies 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 Quidel. If investors know Quidel 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 Quidel 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 (0.77) | Earnings Share (30.48) | Revenue Per Share | Quarterly Revenue Growth (0.05) | Return On Assets |
The market value of Quidel is measured differently than its book value, which is the value of Quidel that is recorded on the company's balance sheet. Investors also form their own opinion of Quidel's value that differs from its market value or its book value, called intrinsic value, which is Quidel's 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 Quidel's market value can be influenced by many factors that don't directly affect Quidel's 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 Quidel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quidel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quidel's 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.
Quidel '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 Quidel'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 Quidel.
| 09/06/2024 |
| 03/05/2025 |
If you would invest 0.00 in Quidel on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Quidel or generate 0.0% return on investment in Quidel over 180 days. Quidel is related to or competes with Tandem Diabetes, DexCom, Inspire Medical, Penumbra, Glaukos Corp, CONMED, and LivaNova PLC. QuidelOrtho Corporation focuses on the development and manufacture of diagnostic testing technologies across the continu... More
Quidel 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 Quidel'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 Quidel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 15.71 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 4.74 |
Quidel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quidel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quidel's standard deviation. In reality, there are many statistical measures that can use Quidel historical prices to predict the future Quidel's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.2721 | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quidel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Quidel Backtested Returns
As of now, Quidel Stock is very steady. Quidel maintains Sharpe Ratio (i.e., Efficiency) of 0.0351, which implies the firm had a 0.0351 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Quidel, which you can use to evaluate the volatility of the company. Please check Quidel's Coefficient Of Variation of (6,551), insignificant risk adjusted performance, and Variance of 8.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Quidel has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Quidel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Quidel is expected to be smaller as well. Quidel right now holds a risk of 2.89%. Please check Quidel maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Quidel will be following its historical price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Quidel has insignificant predictability. Overlapping area represents the amount of predictability between Quidel time series from 6th of September 2024 to 5th of December 2024 and 5th of December 2024 to 5th 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 Quidel price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Quidel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 5.02 |
Quidel lagged returns against current returns
Autocorrelation, which is Quidel 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 Quidel's stock expected returns. We can calculate the autocorrelation of Quidel returns to help us make a trade decision. For example, suppose you find that Quidel 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 |
Quidel 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 Quidel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quidel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quidel stock over time.
Current vs Lagged Prices |
| Timeline |
Quidel Lagged Returns
When evaluating Quidel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quidel stock have on its future price. Quidel 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, Quidel autocorrelation shows the relationship between Quidel stock current value and its past values and can show if there is a momentum factor associated with investing in Quidel.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Quidel Correlation, Quidel Volatility and Quidel Alpha and Beta module to complement your research on Quidel. For more information on how to buy Quidel Stock please use our How to buy in Quidel Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Quidel 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.