Quidel Stock Market Value
| QDEL Stock | USD 42.61 1.01 2.32% |
| Symbol | Quidel |
Is Quidel's 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 Quidel. If investors know Quidel 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 Quidel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Quidel is measured differently than its book value, which is the value of Quidel that is recorded on the company's balance sheet. Investors also form their own opinion of Quidel's value that differs from its market value or its book value, called intrinsic value, which is Quidel'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 Quidel's market value can be influenced by many factors that don't directly affect Quidel'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 Quidel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quidel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quidel'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.
Quidel '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 Quidel's 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 Quidel.
| 02/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in Quidel on February 13, 2024 and sell it all today you would earn a total of 0.00 from holding Quidel or generate 0.0% return on investment in Quidel over 90 days. Quidel is related to or competes with Tandem Diabetes, DexCom, Inspire Medical, Shockwave Medical, Penumbra, Glaukos Corp, and CONMED. QuidelOrtho Corporation focuses on the development and manufacture of diagnostic testing technologies across the continu... More
Quidel 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 Quidel's 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 Quidel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 32.2 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 4.34 |
Quidel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quidel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quidel's standard deviation. In reality, there are many statistical measures that can use Quidel historical prices to predict the future Quidel's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quidel'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.
Quidel Backtested Returns
Quidel maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the firm had a -0.11% return per unit of risk over the last 3 months. Quidel exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quidel's Risk Adjusted Performance of (0.06), variance of 26.12, and Coefficient Of Variation of (913.27) to confirm the risk estimate we provide. The company holds a Beta of 2.36, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Quidel will likely underperform. Quidel has an expected return of -0.56%. Please make sure to check Quidel accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Quidel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Quidel has modest predictability. Overlapping area represents the amount of predictability between Quidel time series from 13th of February 2024 to 29th of March 2024 and 29th of March 2024 to 13th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Quidel price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Quidel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 3.94 |
Quidel lagged returns against current returns
Autocorrelation, which is Quidel 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 Quidel's stock expected returns. We can calculate the autocorrelation of Quidel returns to help us make a trade decision. For example, suppose you find that Quidel 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Quidel 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 Quidel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quidel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quidel stock over time.
Current vs Lagged Prices |
| Timeline |
Quidel Lagged Returns
When evaluating Quidel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quidel stock have on its future price. Quidel 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, Quidel autocorrelation shows the relationship between Quidel stock current value and its past values and can show if there is a momentum factor associated with investing in Quidel.
Regressed Prices |
| Timeline |
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Check out Quidel Correlation, Quidel Volatility and Quidel Alpha and Beta module to complement your research on Quidel. For more information on how to buy Quidel Stock please use our How to buy in Quidel Stock guide.Note that the Quidel information on this page should be used as a complementary analysis to other Quidel'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 the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Quidel Stock analysis
When running Quidel's price analysis, check to measure Quidel'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 Quidel is operating at the current time. Most of Quidel's value examination focuses on studying past and present price action to predict the probability of Quidel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quidel's price. Additionally, you may evaluate how the addition of Quidel to your portfolios can decrease your overall portfolio volatility.
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Quidel technical 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.