Qualitech Public (Thailand) Market Value
| QLT Stock | THB 3.00 0.08 2.74% |
| Symbol | Qualitech |
Qualitech Public '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 Qualitech Public'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 Qualitech Public.
| 02/07/2023 |
| 01/27/2025 |
If you would invest 0.00 in Qualitech Public on February 7, 2023 and sell it all today you would earn a total of 0.00 from holding Qualitech Public or generate 0.0% return on investment in Qualitech Public over 720 days. Qualitech Public is related to or competes with QTC Energy, Moong Pattana, Premier Technology, Sea Oil, and Thai Mitsuwa. Qualitech Public Company Limited provides non-destructive testing, and engineering inspection and certification services... More
Qualitech Public 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 Qualitech Public'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 Qualitech Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.126 | |||
| Maximum Drawdown | 14.08 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 6.48 |
Qualitech Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qualitech Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qualitech Public's standard deviation. In reality, there are many statistical measures that can use Qualitech Public historical prices to predict the future Qualitech Public's volatility.| Risk Adjusted Performance | 0.1298 | |||
| Jensen Alpha | 0.4094 | |||
| Total Risk Alpha | 0.2534 | |||
| Sortino Ratio | 0.1164 | |||
| Treynor Ratio | (9.03) |
Qualitech Public Backtested Returns
Qualitech Public appears to be risky, given 3 months investment horizon. Qualitech Public maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21 % return per unit of risk over the last 3 months. By analyzing Qualitech Public's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please evaluate Qualitech Public's Coefficient Of Variation of 688.47, risk adjusted performance of 0.1298, and Semi Deviation of 2.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qualitech Public holds a performance score of 16. The company holds a Beta of -0.0451, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qualitech Public are expected to decrease at a much lower rate. During the bear market, Qualitech Public is likely to outperform the market. Please check Qualitech Public's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Qualitech Public's historical price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Qualitech Public has modest predictability. Overlapping area represents the amount of predictability between Qualitech Public time series from 7th of February 2023 to 2nd of February 2024 and 2nd of February 2024 to 27th of January 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 Qualitech Public price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Qualitech Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Qualitech Public lagged returns against current returns
Autocorrelation, which is Qualitech Public 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 Qualitech Public's stock expected returns. We can calculate the autocorrelation of Qualitech Public returns to help us make a trade decision. For example, suppose you find that Qualitech Public 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 |
Qualitech Public 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 Qualitech Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qualitech Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qualitech Public stock over time.
Current vs Lagged Prices |
| Timeline |
Qualitech Public Lagged Returns
When evaluating Qualitech Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qualitech Public stock have on its future price. Qualitech Public 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, Qualitech Public autocorrelation shows the relationship between Qualitech Public stock current value and its past values and can show if there is a momentum factor associated with investing in Qualitech Public.
Regressed Prices |
| Timeline |
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Qualitech Public financial ratios help investors to determine whether Qualitech 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 Qualitech with respect to the benefits of owning Qualitech Public security.