Quinenco (Chile) Market Value
| QUINENCO | CLP 3,099 1.00 0.03% |
| Symbol | Quinenco |
Quinenco '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 Quinenco'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 Quinenco.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Quinenco on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Quinenco or generate 0.0% return on investment in Quinenco over 30 days. Quinenco is related to or competes with Empresas CMPC, Empresas Copec, Banco De, and Cencosud. Quienco S.A., a business conglomerate, operates in the industrial and financial services sectors in Chile, rest of South... More
Quinenco 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 Quinenco'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 Quinenco upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.05 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.57 |
Quinenco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quinenco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quinenco's standard deviation. In reality, there are many statistical measures that can use Quinenco historical prices to predict the future Quinenco's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quinenco'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.
Quinenco Backtested Returns
At this point, Quinenco is very steady. Quinenco maintains Sharpe Ratio (i.e., Efficiency) of 0.0087, which implies the firm had a 0.0087% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Quinenco, which you can use to evaluate the volatility of the company. Please check Quinenco's Variance of 3.2, coefficient of variation of (7,917), and insignificant Risk Adjusted Performance to confirm if the risk estimate we provide is consistent with the expected return of 0.0162%. The company holds a Beta of -0.27, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Quinenco are expected to decrease at a much lower rate. During the bear market, Quinenco is likely to outperform the market. Quinenco right now holds a risk of 1.86%. Please check Quinenco accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Quinenco will be following its historical price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Quinenco has poor reverse predictability. Overlapping area represents the amount of predictability between Quinenco time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Quinenco price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Quinenco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2051.55 |
Quinenco lagged returns against current returns
Autocorrelation, which is Quinenco 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 Quinenco's stock expected returns. We can calculate the autocorrelation of Quinenco returns to help us make a trade decision. For example, suppose you find that Quinenco 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 |
Quinenco 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 Quinenco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quinenco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quinenco stock over time.
Current vs Lagged Prices |
| Timeline |
Quinenco Lagged Returns
When evaluating Quinenco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quinenco stock have on its future price. Quinenco 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, Quinenco autocorrelation shows the relationship between Quinenco stock current value and its past values and can show if there is a momentum factor associated with investing in Quinenco.
Regressed Prices |
| Timeline |
Pair Trading with Quinenco
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 Quinenco 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 Quinenco will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Quinenco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quinenco 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 Quinenco - 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 Quinenco to buy it.
The correlation of Quinenco 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 Quinenco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quinenco 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 Quinenco 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.Other Information on Investing in Quinenco Stock
Quinenco financial ratios help investors to determine whether Quinenco 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 Quinenco with respect to the benefits of owning Quinenco security.