Qualitau (Israel) Market Value
| QLTU Stock | ILA 17,440 780.00 4.68% |
| Symbol | Qualitau |
Qualitau '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 Qualitau'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 Qualitau.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Qualitau on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Qualitau or generate 0.0% return on investment in Qualitau over 720 days. Qualitau is related to or competes with Telsys, Automatic Bank, Rapac Communication, Ralco Agencies, and Priortech. Qualitau Ltd engages in the development, manufacture, and sale of test equipment and services for use in the semiconduct... More
Qualitau 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 Qualitau'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 Qualitau upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1125 | |||
| Maximum Drawdown | 14.78 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 6.47 |
Qualitau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qualitau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qualitau's standard deviation. In reality, there are many statistical measures that can use Qualitau historical prices to predict the future Qualitau's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 0.5574 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1382 | |||
| Treynor Ratio | (0.99) |
Qualitau Backtested Returns
Qualitau appears to be very steady, given 3 months investment horizon. Qualitau maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Qualitau's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Qualitau's Risk Adjusted Performance of 0.126, coefficient of variation of 645.92, and Semi Deviation of 2.27 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qualitau holds a performance score of 12. The company holds a Beta of -0.5, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Qualitau are expected to decrease at a much lower rate. During the bear market, Qualitau is likely to outperform the market. Please check Qualitau'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 Qualitau's historical price patterns will revert.
Auto-correlation | 0.94 |
Excellent predictability
Qualitau has excellent predictability. Overlapping area represents the amount of predictability between Qualitau time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Qualitau price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Qualitau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 14 M |
Qualitau lagged returns against current returns
Autocorrelation, which is Qualitau 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 Qualitau's stock expected returns. We can calculate the autocorrelation of Qualitau returns to help us make a trade decision. For example, suppose you find that Qualitau 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 |
Qualitau 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 Qualitau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qualitau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qualitau stock over time.
Current vs Lagged Prices |
| Timeline |
Qualitau Lagged Returns
When evaluating Qualitau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qualitau stock have on its future price. Qualitau 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, Qualitau autocorrelation shows the relationship between Qualitau stock current value and its past values and can show if there is a momentum factor associated with investing in Qualitau.
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.Other Information on Investing in Qualitau Stock
Qualitau financial ratios help investors to determine whether Qualitau 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 Qualitau with respect to the benefits of owning Qualitau security.