Queens Road Small Fund Market Value
| QRSVX Fund | USD 39.52 0.05 0.13% |
| Symbol | Queens |
Queens Road '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 Queens Road's mutual fund 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 Queens Road.
| 11/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Queens Road on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Queens Road Small or generate 0.0% return on investment in Queens Road over 60 days. Queens Road is related to or competes with Blackrock Science, Janus Global, Hennessy Technology, Technology Ultrasector, Biotechnology Fund, Invesco Technology, and Dreyfus Technology. The fund seeks to achieve its investment objective by investing primarily in the equity securities of small capitalizati... More
Queens Road 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 Queens Road's mutual fund 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 Queens Road Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.49 |
Queens Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Queens Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Queens Road's standard deviation. In reality, there are many statistical measures that can use Queens Road historical prices to predict the future Queens Road's volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Queens Road'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.
Queens Road Small Backtested Returns
Queens Road Small maintains Sharpe Ratio (i.e., Efficiency) of -0.002, which implies the entity had a -0.002% return per unit of risk over the last 3 months. Queens Road Small exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Queens Road's Variance of 1.59, risk adjusted performance of 0.002, and Coefficient Of Variation of (50,814) to confirm the risk estimate we provide. The fund holds a Beta of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, Queens Road's returns are expected to increase less than the market. However, during the bear market, the loss of holding Queens Road is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
Queens Road Small has poor reverse predictability. Overlapping area represents the amount of predictability between Queens Road time series from 8th of November 2024 to 8th of December 2024 and 8th of December 2024 to 7th 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 Queens Road Small price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Queens Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
Queens Road Small lagged returns against current returns
Autocorrelation, which is Queens Road mutual fund'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 Queens Road's mutual fund expected returns. We can calculate the autocorrelation of Queens Road returns to help us make a trade decision. For example, suppose you find that Queens Road has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Queens Road 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 Queens Road mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Queens Road mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Queens Road mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Queens Road Lagged Returns
When evaluating Queens Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Queens Road mutual fund have on its future price. Queens Road 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, Queens Road autocorrelation shows the relationship between Queens Road mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Queens Road Small.
Regressed Prices |
| Timeline |
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Other Information on Investing in Queens Mutual Fund
Queens Road financial ratios help investors to determine whether Queens Mutual Fund 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 Queens with respect to the benefits of owning Queens Road security.
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