Qtec First Etf Performance

QABA -  USA Etf  

USD 50.40  1.13  2.29%

The etf holds a Beta of 0.8996, 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. Even though it is essential to pay attention to Qtec First Trust current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Qtec First Trust exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Qtec First Performance
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Over the last 90 days Qtec First Trust has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Etf's fundamental drivers remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the ETF investors. ...more

Qtec First Price Channel

Fifty Two Week Low48.54
Fifty Two Week High63.67

Qtec First Relative Risk vs. Return Landscape

If you would invest  5,849  in Qtec First Trust on March 28, 2022 and sell it today you would lose (809.00)  from holding Qtec First Trust or give up 13.83% of portfolio value over 90 days. Qtec First Trust is currently does not generate positive expected returns and assumes 1.5529% risk (volatility on return distribution) over the 90 days horizon. In different words, 13% 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 1.24 times more return on investment than the market. However, the company is 1.24 times more volatile than its market benchmark. It trades about -0.07 of its potential returns per unit of risk. The DOW is currently generating roughly -0.09 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 = -0.0689

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Negative ReturnsQABA
Estimated Market Risk
 1.55
  actual daily
 
 13 %
of total potential
 
1313
Expected Return
 -0.11
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 0 %
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Risk-Adjusted Return
 -0.07
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Based on monthly moving average Qtec First is performing at about 0% 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 stock market performance in a much more refined way. At Macroaxis, we take it even further. 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. Our stock 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

Qtec First Trust generated a negative expected return over the last 90 days
The fund maintains 99.89% 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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.