Qantas OTC Stock Market Value

QABSY
 Stock
  

USD 15.43  0.01  0.06%   

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


Is Qantas Airways' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Qantas Airways. If investors know Qantas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Qantas Airways listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.036
Market Capitalization
5.8 B
Quarterly Revenue Growth YOY
0.32
Return On Assets
-0.0572
Return On Equity
-2.9
The market value of Qantas Airways ADR is measured differently than its book value, which is the value of Qantas that is recorded on the company's balance sheet. Investors also form their own opinion of Qantas Airways' value that differs from its market value or its book value, called intrinsic value, which is Qantas Airways' 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 Qantas Airways' market value can be influenced by many factors that don't directly affect Qantas Airways' 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 Qantas Airways' value and its price as these two are different measures arrived at by different means. Investors typically determine Qantas Airways value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qantas Airways' 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.

Qantas Airways '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 Qantas Airways' otc 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 Qantas Airways.
0.00
05/30/2022
No Change 0.00  0.0 
In 31 days
06/29/2022
0.00
If you would invest  0.00  in Qantas Airways on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding Qantas Airways ADR or generate 0.0% return on investment in Qantas Airways over 30 days. Qantas Airways is related to or competes with Travelers Companies. Qantas Airways Limited provides air transportation services in Australia and internationallyMore

Qantas Airways 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 Qantas Airways' otc 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 Qantas Airways ADR upside and downside potential and time the market with a certain degree of confidence.

Qantas Airways Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Qantas Airways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qantas Airways' standard deviation. In reality, there are many statistical measures that can use Qantas Airways historical prices to predict the future Qantas Airways' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Qantas Airways' 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 Qantas Airways in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
12.8615.5718.28
Details
Intrinsic
Valuation
LowReal ValueHigh
11.3714.0816.79
Details
Naive
Forecast
LowNext ValueHigh
12.1614.8617.57
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.6217.1820.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qantas Airways. Your research has to be compared to or analyzed against Qantas Airways' peers to derive any actionable benefits. When done correctly, Qantas Airways' 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 Qantas Airways ADR.

Qantas Airways ADR Backtested Returns

Qantas Airways ADR maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had -0.12% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Qantas Airways ADR exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Qantas Airways ADR coefficient of variation of (935.85), and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide.
The company holds a Beta of 0.1111, which implies not very significant fluctuations relative to the market. Let's try to break down what Qantas's beta means in this case. As returns on the market increase, Qantas Airways returns are expected to increase less than the market. However, during the bear market, the loss on holding Qantas Airways will be expected to be smaller as well. Even though it is essential to pay attention to Qantas Airways ADR current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Qantas Airways ADR exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Qantas Airways ADR has an expected return of -0.34%. Please be advised to check Qantas Airways ADR value at risk, as well as the relationship between the kurtosis and market facilitation index to decide if Qantas Airways ADR performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.38  

Below average predictability

Qantas Airways ADR has below average predictability. Overlapping area represents the amount of predictability between Qantas Airways time series from 30th of May 2022 to 14th of June 2022 and 14th of June 2022 to 29th of June 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 Qantas Airways ADR price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Qantas Airways price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.37
Residual Average0.0
Price Variance0.24

Qantas Airways ADR lagged returns against current returns

Autocorrelation, which is Qantas Airways otc 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 Qantas Airways' otc stock expected returns. We can calculate the autocorrelation of Qantas Airways returns to help us make a trade decision. For example, suppose you find that Qantas Airways otc stock 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 
Share
      Timeline 

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

Qantas Airways Lagged Returns

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

Qantas Airways Investors Sentiment

The influence of Qantas Airways' 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 Qantas. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock 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 Qantas Airways 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, Qantas Airways' short interest history, or implied volatility extrapolated from Qantas Airways options trading.

Current Sentiment - QABSY

Qantas Airways ADR Investor Sentiment

Macroaxis portfolio users are evenly split in their perspective on investing in Qantas Airways ADR. What is your perspective on investing in Qantas Airways ADR? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Currently Active Assets on Macroaxis

Please see Qantas Airways Hype Analysis, Qantas Airways Correlation, Qantas Airways Valuation, Qantas Airways Volatility, as well as analyze Qantas Airways Alpha and Beta and Qantas Airways Performance. Note that the Qantas Airways ADR information on this page should be used as a complementary analysis to other Qantas Airways' 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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Qantas OTC Stock analysis

When running Qantas Airways ADR price analysis, check to measure Qantas Airways' 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 Qantas Airways is operating at the current time. Most of Qantas Airways' value examination focuses on studying past and present price action to predict the probability of Qantas Airways' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Qantas Airways' price. Additionally, you may evaluate how the addition of Qantas Airways to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Qantas Airways technical otc stock 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, stock market cycles, or different charting patterns.
A focus of Qantas Airways technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Qantas Airways 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...