Qlife Holding (Sweden) Market Value
| QLIFE Stock | SEK 2.18 0.02 0.91% |
| Symbol | Qlife |
Qlife Holding '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 Qlife Holding'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 Qlife Holding.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Qlife Holding on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Qlife Holding AB or generate 0.0% return on investment in Qlife Holding over 720 days. Qlife Holding is related to or competes with Media, ExpreS2ion Biotech, and Saniona AB. Qlife Holding AB , a high-tech medical device company, manufactures and sells in-vitro diagnostic analyzers and reagents More
Qlife Holding 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 Qlife Holding'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 Qlife Holding AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 36.46 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 18.18 |
Qlife Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qlife Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qlife Holding's standard deviation. In reality, there are many statistical measures that can use Qlife Holding historical prices to predict the future Qlife Holding's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 0.2333 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qlife Holding'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.
Qlife Holding AB Backtested Returns
Qlife Holding AB maintains Sharpe Ratio (i.e., Efficiency) of -0.0631, which implies the firm had a -0.0631% return per unit of risk over the last 3 months. Qlife Holding AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qlife Holding's Coefficient Of Variation of (11,399), variance of 50.34, and Risk Adjusted Performance of 0.0022 to confirm the risk estimate we provide. The company holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Qlife Holding are expected to decrease at a much lower rate. During the bear market, Qlife Holding is likely to outperform the market. At this point, Qlife Holding AB has a negative expected return of -0.42%. Please make sure to check Qlife Holding's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Qlife Holding AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Qlife Holding AB has good predictability. Overlapping area represents the amount of predictability between Qlife Holding time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Qlife Holding AB price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Qlife Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 113.15 |
Qlife Holding AB lagged returns against current returns
Autocorrelation, which is Qlife Holding 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 Qlife Holding's stock expected returns. We can calculate the autocorrelation of Qlife Holding returns to help us make a trade decision. For example, suppose you find that Qlife Holding 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 |
Qlife Holding 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 Qlife Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qlife Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qlife Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Qlife Holding Lagged Returns
When evaluating Qlife Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qlife Holding stock have on its future price. Qlife Holding 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, Qlife Holding autocorrelation shows the relationship between Qlife Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Qlife Holding AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Qlife Stock Analysis
When running Qlife Holding's price analysis, check to measure Qlife Holding'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 Qlife Holding is operating at the current time. Most of Qlife Holding's value examination focuses on studying past and present price action to predict the probability of Qlife Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qlife Holding's price. Additionally, you may evaluate how the addition of Qlife Holding to your portfolios can decrease your overall portfolio volatility.