Market Sentiment
Quarterback uses advanced analytics to measure how the market perceives your company.
Sentiment Score
Sentiment is measured on a scale from -1 to +1:
| Score | Meaning |
|---|---|
| +0.5 to +1.0 | Very Positive |
| +0.1 to +0.5 | Positive |
| -0.1 to +0.1 | Neutral |
| -0.5 to -0.1 | Negative |
| -1.0 to -0.5 | Very Negative |
Market Metrics
Abnormal Return (AR)
The difference between actual stock return and expected return based on market movements.
AR = Actual Return - Expected Return
A positive AR means the stock outperformed expectations; negative means it underperformed.
Cumulative Abnormal Return (CAR)
The sum of abnormal returns over a period, typically used around announcement dates:
- CAR(-1, +1) - 3-day window around announcement
- CAR(0, +10) - 11-day window for sustained impact
- CAR(-3, -1) - Pre-announcement period (can indicate information leakage)
Z-Score
A statistical measure of how unusual a price movement is:
| Z-Score | Meaning |
|---|---|
| > 2.0 | Statistically significant (95% confidence) |
| > 3.0 | Highly significant (99.7% confidence) |
Benchmark Index
The market index used to calculate expected returns. Options include:
- AXJO (ASX 200) - Default for most companies
- XSO (Small Ordinaries) - For smaller companies
- Commodity prices - For resources companies (e.g., Gold, Iron Ore)
You can configure your preferred benchmark in Market Settings.