Qubec Nickel Corp Stock Performance
| QNICF Stock | USD 0.02 0.04 67.39% |
The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Québec Nickel are expected to decrease at a much lower rate. During the bear market, Québec Nickel is likely to outperform the market. At this point, Qubec Nickel Corp has a negative expected return of -0.47%. Please make sure to check Québec Nickel's variance, kurtosis, period momentum indicator, as well as the relationship between the total risk alpha and day median price , to decide if Qubec Nickel Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Qubec Nickel Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's fundamental indicators remain nearly stable which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Québec |
Québec Nickel Relative Risk vs. Return Landscape
If you would invest 8.45 in Qubec Nickel Corp on December 22, 2024 and sell it today you would lose (6.35) from holding Qubec Nickel Corp or give up 75.15% of portfolio value over 90 days. Qubec Nickel Corp is currently producing negative expected returns and takes up 19.0472% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Québec, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Québec Nickel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Québec Nickel's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Qubec Nickel Corp, and traders can use it to determine the average amount a Québec Nickel's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0249
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | QNICF |
Estimated Market Risk
| 19.05 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.47 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Québec Nickel is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Québec Nickel by adding Québec Nickel to a well-diversified portfolio.
Québec Nickel Fundamentals Growth
Québec OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Québec Nickel, and Québec Nickel fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Québec OTC Stock performance.
| Current Valuation | 10.46 M | |||
| Shares Outstanding | 98.31 M | |||
| Price To Book | 2.69 X | |||
| Total Asset | 9.22 M | |||
About Québec Nickel Performance
By analyzing Québec Nickel's fundamental ratios, stakeholders can gain valuable insights into Québec Nickel's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Québec Nickel has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Québec Nickel has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Quebec Nickel Corp. engages in the acquisition, exploration, and development of mineral resource properties. The company was incorporated in 2020 and is headquartered in Vancouver, Canada. Quebec Nickel is traded on OTC Exchange in the United States.Things to note about Qubec Nickel Corp performance evaluation
Checking the ongoing alerts about Québec Nickel for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Qubec Nickel Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Qubec Nickel Corp generated a negative expected return over the last 90 days | |
| Qubec Nickel Corp has high historical volatility and very poor performance | |
| Qubec Nickel Corp has some characteristics of a very speculative penny stock |
- Analyzing Québec Nickel's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Québec Nickel's stock is overvalued or undervalued compared to its peers.
- Examining Québec Nickel's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Québec Nickel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Québec Nickel's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Québec Nickel's otc stock. These opinions can provide insight into Québec Nickel's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Québec OTC Stock analysis
When running Québec Nickel's price analysis, check to measure Québec Nickel's 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 Québec Nickel is operating at the current time. Most of Québec Nickel's value examination focuses on studying past and present price action to predict the probability of Québec Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Québec Nickel's price. Additionally, you may evaluate how the addition of Québec Nickel to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |