QIAGEN NV (Germany) Market Value
| QIA Stock | EUR 43.86 0.19 0.44% |
| Symbol | QIAGEN |
QIAGEN NV '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 QIAGEN NV'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 QIAGEN NV.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in QIAGEN NV on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding QIAGEN NV or generate 0.0% return on investment in QIAGEN NV over 30 days. QIAGEN NV is related to or competes with DELTA AIR, SEALED AIR, Heidelberg Materials, Eagle Materials, Corsair Gaming, Pentair Plc, and Plastic Omnium. More
QIAGEN NV 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 QIAGEN NV'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 QIAGEN NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9538 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.17 |
QIAGEN NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for QIAGEN NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as QIAGEN NV's standard deviation. In reality, there are many statistical measures that can use QIAGEN NV historical prices to predict the future QIAGEN NV's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.0705 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.4792 |
QIAGEN NV Backtested Returns
At this point, QIAGEN NV is very steady. QIAGEN NV retains Efficiency (Sharpe Ratio) of 0.0753, which implies the firm had a 0.0753% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for QIAGEN NV, which you can use to evaluate the volatility of the company. Please check QIAGEN NV's market risk adjusted performance of 0.4892, and Semi Deviation of 0.8543 to confirm if the risk estimate we provide is consistent with the expected return of 0.0918%. QIAGEN NV has a performance score of 5 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, QIAGEN NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding QIAGEN NV is expected to be smaller as well. QIAGEN NV now owns a risk of 1.22%. Please check QIAGEN NV coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if QIAGEN NV will be following its current price history.
Auto-correlation | 0.78 |
Good predictability
QIAGEN NV has good predictability. Overlapping area represents the amount of predictability between QIAGEN NV time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 QIAGEN NV price movement. The serial correlation of 0.78 indicates that around 78.0% of current QIAGEN NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
QIAGEN NV lagged returns against current returns
Autocorrelation, which is QIAGEN NV 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 QIAGEN NV's stock expected returns. We can calculate the autocorrelation of QIAGEN NV returns to help us make a trade decision. For example, suppose you find that QIAGEN NV 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 |
QIAGEN NV 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 QIAGEN NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if QIAGEN NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in QIAGEN NV stock over time.
Current vs Lagged Prices |
| Timeline |
QIAGEN NV Lagged Returns
When evaluating QIAGEN NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of QIAGEN NV stock have on its future price. QIAGEN NV 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, QIAGEN NV autocorrelation shows the relationship between QIAGEN NV stock current value and its past values and can show if there is a momentum factor associated with investing in QIAGEN NV.
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.Additional Information and Resources on Investing in QIAGEN Stock
When determining whether QIAGEN NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of QIAGEN NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Qiagen Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qiagen Nv Stock:Check out QIAGEN NV Correlation, QIAGEN NV Volatility and QIAGEN NV Alpha and Beta module to complement your research on QIAGEN NV. For information on how to trade QIAGEN Stock refer to our How to Trade QIAGEN Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
QIAGEN NV 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.