Qomolangma Acquisition Corp Market Value
| QOMODelisted Stock | 11.55 0.00 0.00% |
| Symbol | Qomolangma |
Qomolangma Acquisition '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 Qomolangma Acquisition'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 Qomolangma Acquisition.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Qomolangma Acquisition on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Qomolangma Acquisition Corp or generate 0.0% return on investment in Qomolangma Acquisition over 30 days. Qomolangma Acquisition is related to or competes with Patria Latin, and Futuretech. More
Qomolangma Acquisition 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 Qomolangma Acquisition'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 Qomolangma Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 1.93 |
Qomolangma Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qomolangma Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qomolangma Acquisition's standard deviation. In reality, there are many statistical measures that can use Qomolangma Acquisition historical prices to predict the future Qomolangma Acquisition's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2792 |
Qomolangma Acquisition Backtested Returns
Qomolangma Acquisition maintains Sharpe Ratio (i.e., Efficiency) of -0.0142, which implies the firm had a -0.0142% return per unit of risk over the last 3 months. Qomolangma Acquisition exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qomolangma Acquisition's Risk Adjusted Performance of 0.0075, coefficient of variation of 53731.71, and Semi Deviation of 1.22 to confirm the risk estimate we provide. The company holds a Beta of -0.0229, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qomolangma Acquisition are expected to decrease at a much lower rate. During the bear market, Qomolangma Acquisition is likely to outperform the market. At this point, Qomolangma Acquisition has a negative expected return of -0.0284%. Please make sure to check Qomolangma Acquisition's maximum drawdown, as well as the relationship between the expected short fall and day typical price , to decide if Qomolangma Acquisition performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Qomolangma Acquisition Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Qomolangma Acquisition time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 Qomolangma Acquisition price movement. The serial correlation of 0.0 indicates that just 0.0% of current Qomolangma Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Qomolangma Acquisition lagged returns against current returns
Autocorrelation, which is Qomolangma Acquisition 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 Qomolangma Acquisition's stock expected returns. We can calculate the autocorrelation of Qomolangma Acquisition returns to help us make a trade decision. For example, suppose you find that Qomolangma Acquisition 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 |
Qomolangma Acquisition 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 Qomolangma Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qomolangma Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qomolangma Acquisition stock over time.
Current vs Lagged Prices |
| Timeline |
Qomolangma Acquisition Lagged Returns
When evaluating Qomolangma Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qomolangma Acquisition stock have on its future price. Qomolangma Acquisition 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, Qomolangma Acquisition autocorrelation shows the relationship between Qomolangma Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Qomolangma Acquisition Corp.
Regressed Prices |
| Timeline |
Pair Trading with Qomolangma Acquisition
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Qomolangma Acquisition position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Qomolangma Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against Qomolangma Stock
| 0.5 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.46 | NOVVU | Nova Vision Acquisition | PairCorr |
| 0.42 | DSAQ | Direct Selling Acqui | PairCorr |
| 0.36 | VMCA | Valuence Merger Corp | PairCorr |
The ability to find closely correlated positions to Qomolangma Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qomolangma Acquisition when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Qomolangma Acquisition - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Qomolangma Acquisition Corp to buy it.
The correlation of Qomolangma Acquisition is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qomolangma Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qomolangma Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Qomolangma Acquisition can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Qomolangma Acquisition Correlation, Qomolangma Acquisition Volatility and Qomolangma Acquisition Alpha and Beta module to complement your research on Qomolangma Acquisition. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Qomolangma Stock
If you are still planning to invest in Qomolangma Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Qomolangma Acquisition's history and understand the potential risks before investing.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |