Qtec First Etf Market Value

QABA
 Etf
  

USD 57.00  0.53  0.92%   

Qtec First's market value is the price at which a share of Qtec First stock trades on a public exchange. It measures the collective expectations of Qtec First Trust investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Qtec First Trust and determine expected loss or profit from investing in Qtec First over a given investment horizon. Please see Qtec First Hype Analysis, Qtec First Correlation, Portfolio Optimization, Qtec First Volatility, as well as analyze Qtec First Alpha and Beta and Qtec First Performance.
Symbol

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.

Qtec First '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 Qtec First's etf 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 Qtec First.
0.00
08/27/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/17/2022
0.00
If you would invest  0.00  in Qtec First on August 27, 2020 and sell it all today you would earn a total of 0.00 from holding Qtec First Trust or generate 0.0% return on investment in Qtec First over 720 days. Qtec First is related to or competes with Dupont Denemours. The fund will normally invest at least 90 percent of its net assets in the common stocks that comprise the indexMore

Qtec First 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 Qtec First's etf 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 Qtec First Trust upside and downside potential and time the market with a certain degree of confidence.

Qtec First Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Qtec First's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qtec First's standard deviation. In reality, there are many statistical measures that can use Qtec First historical prices to predict the future Qtec First's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Qtec First'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. Please use the tools below to analyze the current value of Qtec First in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
55.2256.5057.78
Details
Intrinsic
Valuation
LowReal ValueHigh
50.8560.5461.82
Details
Naive
Forecast
LowNext ValueHigh
56.8158.0959.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
49.1153.4357.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qtec First. Your research has to be compared to or analyzed against Qtec First's peers to derive any actionable benefits. When done correctly, Qtec First's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Qtec First Trust.

Qtec First Trust Backtested Returns

Qtec First appears to be very steady, given 3 months investment horizon. Qtec First Trust maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had 0.17% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Qtec First Trust, which you can use to evaluate the future volatility of the etf. Please evaluate Qtec First's Semi Deviation of 1.11, coefficient of variation of 641.16, and Risk Adjusted Performance of 0.1949 to confirm if our risk estimates are consistent with your expectations.
The etf holds a Beta of 0.8697, 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 0.22% will be sustainable into the future.

Auto-correlation

    
  -0.25  

Weak reverse predictability

Qtec First Trust has weak reverse predictability. Overlapping area represents the amount of predictability between Qtec First time series from 27th of August 2020 to 22nd of August 2021 and 22nd of August 2021 to 17th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Qtec First Trust price movement. The serial correlation of -0.25 indicates that over 25.0% of current Qtec First price fluctuation can be explain by its past prices.
Correlation Coefficient-0.25
Spearman Rank Test-0.49
Residual Average0.0
Price Variance12.39

Qtec First Trust lagged returns against current returns

Autocorrelation, which is Qtec First etf'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 Qtec First's etf expected returns. We can calculate the autocorrelation of Qtec First returns to help us make a trade decision. For example, suppose you find that Qtec First etf 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Qtec First 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 Qtec First etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qtec First etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qtec First etf over time.
   Current vs Lagged Prices   
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       Timeline  

Qtec First Lagged Returns

When evaluating Qtec First's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qtec First etf have on its future price. Qtec First 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, Qtec First autocorrelation shows the relationship between Qtec First etf current value and its past values and can show if there is a momentum factor associated with investing in Qtec First Trust.
   Regressed Prices   
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       Timeline  

Qtec First Investors Sentiment

The influence of Qtec First's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Qtec First. The overall investor sentiment generally increases the direction of a etf movement in a one-year investment horizon. However, the impact of investor sentiment on the entire etf markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Qtec First in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Qtec First's short interest history, or implied volatility extrapolated from Qtec First options trading.

Currently Active Assets on Macroaxis

Please see Qtec First Hype Analysis, Qtec First Correlation, Portfolio Optimization, Qtec First Volatility, as well as analyze Qtec First Alpha and Beta and Qtec First Performance. 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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Qtec First Etf analysis

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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Qtec First technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Qtec First technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Qtec First trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...