Quorum Information Technologies Stock Market Value
| QIS Stock | CAD 0.94 0.00 0.00% |
| Symbol | Quorum |
Quorum Information Price To Book Ratio
Quorum Information '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 Quorum Information'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 Quorum Information.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Quorum Information on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Quorum Information Technologies or generate 0.0% return on investment in Quorum Information over 180 days. Quorum Information is related to or competes with Avante Logixx, Redishred Capital, and Biosyent. Quorum Information Technologies Inc., an information technology company, focuses on the automotive retail business in Ca... More
Quorum Information 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 Quorum Information'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 Quorum Information Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.02 | |||
| Information Ratio | 0.0514 | |||
| Maximum Drawdown | 20.39 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.66 |
Quorum Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quorum Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quorum Information's standard deviation. In reality, there are many statistical measures that can use Quorum Information historical prices to predict the future Quorum Information's volatility.| Risk Adjusted Performance | 0.0576 | |||
| Jensen Alpha | 0.1644 | |||
| Total Risk Alpha | 0.0857 | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | (0.94) |
Quorum Information Backtested Returns
Quorum Information appears to be dangerous, given 3 months investment horizon. Quorum Information maintains Sharpe Ratio (i.e., Efficiency) of 0.0723, which implies the firm had a 0.0723% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Quorum Information, which you can use to evaluate the volatility of the company. Please evaluate Quorum Information's Risk Adjusted Performance of 0.0576, coefficient of variation of 1577.83, and Semi Deviation of 2.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Quorum Information holds a performance score of 5. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Quorum Information are expected to decrease at a much lower rate. During the bear market, Quorum Information is likely to outperform the market. Please check Quorum Information's maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Quorum Information's historical price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Quorum Information Technologies has weak predictability. Overlapping area represents the amount of predictability between Quorum Information time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Quorum Information price movement. The serial correlation of 0.23 indicates that over 23.0% of current Quorum Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Quorum Information lagged returns against current returns
Autocorrelation, which is Quorum Information 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 Quorum Information's stock expected returns. We can calculate the autocorrelation of Quorum Information returns to help us make a trade decision. For example, suppose you find that Quorum Information 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 |
Quorum Information 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 Quorum Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quorum Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quorum Information stock over time.
Current vs Lagged Prices |
| Timeline |
Quorum Information Lagged Returns
When evaluating Quorum Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quorum Information stock have on its future price. Quorum Information 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, Quorum Information autocorrelation shows the relationship between Quorum Information stock current value and its past values and can show if there is a momentum factor associated with investing in Quorum Information Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Quorum Stock Analysis
When running Quorum Information's price analysis, check to measure Quorum Information's 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 Quorum Information is operating at the current time. Most of Quorum Information's value examination focuses on studying past and present price action to predict the probability of Quorum Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quorum Information's price. Additionally, you may evaluate how the addition of Quorum Information to your portfolios can decrease your overall portfolio volatility.