Q2 Metals Corp Stock Market Value
| QTWO Stock | 0.78 0.04 4.88% |
| Symbol | QTWO |
Q2 Metals '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 Q2 Metals' 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 Q2 Metals.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Q2 Metals on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Q2 Metals Corp or generate 0.0% return on investment in Q2 Metals over 60 days. Q2 Metals is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Q2 Metals is entity of Canada. It is traded as Stock on V exchange. More
Q2 Metals 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 Q2 Metals' 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 Q2 Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.59 | |||
| Information Ratio | 0.0496 | |||
| Maximum Drawdown | 42.98 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 15.38 |
Q2 Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Q2 Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Q2 Metals' standard deviation. In reality, there are many statistical measures that can use Q2 Metals historical prices to predict the future Q2 Metals' volatility.| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 0.4167 | |||
| Total Risk Alpha | 0.1834 | |||
| Sortino Ratio | 0.0664 | |||
| Treynor Ratio | (0.37) |
Q2 Metals Corp Backtested Returns
Q2 Metals appears to be out of control, given 3 months investment horizon. Q2 Metals Corp retains Efficiency (Sharpe Ratio) of 0.0636, which implies the company had a 0.0636% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for Q2 Metals, which you can use to evaluate the volatility of the entity. Please evaluate Q2 Metals' market risk adjusted performance of (0.36), and Standard Deviation of 7.48 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Q2 Metals holds a performance score of 5. The firm owns a Beta (Systematic Risk) of -1.07, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Q2 Metals are expected to decrease slowly. On the other hand, during market turmoil, Q2 Metals is expected to outperform it slightly. Please check Q2 Metals' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Q2 Metals' current price history will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Q2 Metals Corp has insignificant predictability. Overlapping area represents the amount of predictability between Q2 Metals time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Q2 Metals Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Q2 Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Q2 Metals Corp lagged returns against current returns
Autocorrelation, which is Q2 Metals 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 Q2 Metals' stock expected returns. We can calculate the autocorrelation of Q2 Metals returns to help us make a trade decision. For example, suppose you find that Q2 Metals 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 |
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Q2 Metals 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 Q2 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Q2 Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Q2 Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Q2 Metals Lagged Returns
When evaluating Q2 Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Q2 Metals stock have on its future price. Q2 Metals 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, Q2 Metals autocorrelation shows the relationship between Q2 Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Q2 Metals Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for QTWO Stock Analysis
When running Q2 Metals' price analysis, check to measure Q2 Metals' 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 Q2 Metals is operating at the current time. Most of Q2 Metals' value examination focuses on studying past and present price action to predict the probability of Q2 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Q2 Metals' price. Additionally, you may evaluate how the addition of Q2 Metals to your portfolios can decrease your overall portfolio volatility.