Qtec First Etf Performance

QABA
 Etf
  

USD 52.78  0.38  0.71%   

The etf holds a Beta of 0.8845, which implies possible diversification benefits within a given portfolio. Let's try to break down what Qtec First's beta means in this case. Qtec First returns are very sensitive to returns on the market. As the market goes up or down, Qtec First is expected to follow. Although it is important to respect Qtec First Trust current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Qtec First Trust technical indicators, you can presently evaluate if the expected return of 0.0767% will be sustainable into the future.
  
Qtec First Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Qtec First Trust are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong fundamental drivers, Qtec First is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more

Qtec First Price Channel

Fifty Two Week Low47.90
Fifty Two Week High63.67

Qtec First Relative Risk vs. Return Landscape

If you would invest  5,053  in Qtec First Trust on July 7, 2022 and sell it today you would earn a total of  225.00  from holding Qtec First Trust or generate 4.45% return on investment over 90 days. Qtec First Trust is currently generating 0.0767% in daily expected returns and assumes 1.3253% risk (volatility on return distribution) over the 90 days horizon. In different words, 11% of etfs are less volatile than Qtec First, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Qtec First is expected to generate 1.07 times more return on investment than the market. However, the company is 1.07 times more volatile than its market benchmark. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly -0.04 per unit of risk.

Qtec First Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Qtec First's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Qtec First Trust, and traders can use it to determine the average amount a Qtec First'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 = 0.0579

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Estimated Market Risk
 1.33
  actual daily
 
 11 %
of total potential
 
1111
Expected Return
 0.08
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 1 %
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11
Risk-Adjusted Return
 0.06
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 4 %
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Based on monthly moving average Qtec First is performing at about 4% of its full potential. 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 Qtec First by adding it to a well-diversified portfolio.

About Qtec First Performance

To evaluate Qtec First Trust Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Qtec First generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Qtec First Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Qtec First Trust market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Qtec First's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund will normally invest at least 90 percent of its net assets in the common stocks that comprise the index. Qtec First is traded on NYSEArca Exchange in the United States.

Things to note about Qtec First Trust

Checking the ongoing alerts about Qtec First for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for Qtec First Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Qtec First Alerts

Equity Alerts and Improvement Suggestions

On 30th of September 2022 Qtec First paid $ 0.2916 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Dividend ETFs Ease the Pain of a Down Year - Yahoo Finance
The fund maintains 99.98% of its assets in stocks
Please see Your Equity Center. Note that the Qtec First Trust information on this page should be used as a complementary analysis to other Qtec First's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Qtec First Trust price analysis, check to measure Qtec First'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 Qtec First is operating at the current time. Most of Qtec First's value examination focuses on studying past and present price action to predict the probability of Qtec First's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Qtec First's price. Additionally, you may evaluate how the addition of Qtec First to your portfolios can decrease your overall portfolio volatility.
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The market value of Qtec First Trust is measured differently than its book value, which is the value of Qtec First that is recorded on the company's balance sheet. Investors also form their own opinion of Qtec First's value that differs from its market value or its book value, called intrinsic value, which is Qtec First's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qtec First's market value can be influenced by many factors that don't directly affect Qtec First's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qtec First's value and its price as these two are different measures arrived at by different means. Investors typically determine Qtec First value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qtec First's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.