Qnb Finansbank (Turkey) Market Value
| QNBFB Stock | TRY 310.00 18.00 6.16% |
| Symbol | Qnb |
Qnb Finansbank '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 Qnb Finansbank'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 Qnb Finansbank.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Qnb Finansbank on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Qnb Finansbank AS or generate 0.0% return on investment in Qnb Finansbank over 90 days. Qnb Finansbank is related to or competes with Turkiye Halk, Turkiye Vakiflar, Turkiye Garanti, Yapi Ve, and Akbank TAS. QNB Finansbank A.S. provides banking products and services in Turkey More
Qnb Finansbank 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 Qnb Finansbank'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 Qnb Finansbank AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.46 | |||
| Information Ratio | 0.0431 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (6.55) | |||
| Potential Upside | 9.86 |
Qnb Finansbank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qnb Finansbank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qnb Finansbank's standard deviation. In reality, there are many statistical measures that can use Qnb Finansbank historical prices to predict the future Qnb Finansbank's volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | 0.1974 | |||
| Total Risk Alpha | 0.2404 | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | (2.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Qnb Finansbank'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.
Qnb Finansbank AS Backtested Returns
Qnb Finansbank appears to be very steady, given 3 months investment horizon. Qnb Finansbank AS maintains Sharpe Ratio (i.e., Efficiency) of 0.061, which implies the firm had a 0.061% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Qnb Finansbank AS, which you can use to evaluate the volatility of the company. Please evaluate Qnb Finansbank's Semi Deviation of 3.8, coefficient of variation of 2269.51, and Risk Adjusted Performance of 0.0361 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qnb Finansbank holds a performance score of 4. The company holds a Beta of -0.0945, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qnb Finansbank are expected to decrease at a much lower rate. During the bear market, Qnb Finansbank is likely to outperform the market. Please check Qnb Finansbank's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Qnb Finansbank's historical price patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Qnb Finansbank AS has poor reverse predictability. Overlapping area represents the amount of predictability between Qnb Finansbank time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Qnb Finansbank AS price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Qnb Finansbank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1222.17 |
Qnb Finansbank AS lagged returns against current returns
Autocorrelation, which is Qnb Finansbank 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 Qnb Finansbank's stock expected returns. We can calculate the autocorrelation of Qnb Finansbank returns to help us make a trade decision. For example, suppose you find that Qnb Finansbank 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 |
Qnb Finansbank 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 Qnb Finansbank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qnb Finansbank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qnb Finansbank stock over time.
Current vs Lagged Prices |
| Timeline |
Qnb Finansbank Lagged Returns
When evaluating Qnb Finansbank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qnb Finansbank stock have on its future price. Qnb Finansbank 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, Qnb Finansbank autocorrelation shows the relationship between Qnb Finansbank stock current value and its past values and can show if there is a momentum factor associated with investing in Qnb Finansbank AS.
Regressed Prices |
| Timeline |
Pair Trading with Qnb Finansbank
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Qnb Finansbank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Qnb Finansbank will appreciate offsetting losses from the drop in the long position's value.Moving together with Qnb Stock
The ability to find closely correlated positions to Qnb Finansbank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qnb Finansbank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Qnb Finansbank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Qnb Finansbank AS to buy it.
The correlation of Qnb Finansbank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qnb Finansbank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qnb Finansbank AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Qnb Finansbank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Qnb Stock
Qnb Finansbank financial ratios help investors to determine whether Qnb Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Qnb with respect to the benefits of owning Qnb Finansbank security.