Qumei Furniture (China) Price on October 8, 2024

603818 Stock   3.92  0.19  5.09%   
Below is the normalized historical share price chart for Qumei Furniture Group extending back to April 22, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Qumei Furniture stands at 3.92, as last reported on the 12th of December 2024, with the highest price reaching 3.95 and the lowest price hitting 3.60 during the day.
200 Day MA
3.0665
50 Day MA
3.014
Beta
0.693
 
Yuan Drop
 
Covid
If you're considering investing in Qumei Stock, it is important to understand the factors that can impact its price. Qumei Furniture is unstable given 3 months investment horizon. Qumei Furniture Group maintains Sharpe Ratio (i.e., Efficiency) of 0.29, which implies the firm had a 0.29% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Qumei Furniture Semi Deviation of 2.8, coefficient of variation of 445.22, and Risk Adjusted Performance of 0.1713 to evaluate company specific risk that cannot be diversified away.
  
At present, Qumei Furniture's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 607.9 M, whereas Total Stockholder Equity is forecasted to decline to about 1.6 B. . Qumei Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2906

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns603818
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 3.76
  actual daily
33
67% of assets are more volatile

Expected Return

 1.09
  actual daily
21
79% of assets have higher returns

Risk-Adjusted Return

 0.29
  actual daily
22
78% of assets perform better
Based on monthly moving average Qumei Furniture is performing at about 22% 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 Qumei Furniture by adding it to a well-diversified portfolio.
Price Book
1.227
Enterprise Value Ebitda
93.3302
Price Sales
0.6937
Shares Float
397.4 M
Wall Street Target Price
7.68

Qumei Furniture Valuation on October 8, 2024

It is possible to determine the worth of Qumei Furniture on a given historical date. On October 8, 2024 Qumei was worth 3.13 at the beginning of the trading date compared to the closed value of 2.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Qumei Furniture stock. Still, in general, we apply an absolute valuation method to find Qumei Furniture's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Qumei Furniture where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Qumei Furniture's related companies.
 Open High Low Close Volume
  2.77    2.87    2.64    2.86    50,752,007  
10/08/2024
  3.13    3.14    2.80    2.95    53,899,375  
  2.94    2.94    2.66    2.66    35,329,561  
Backtest Qumei Furniture  |  Qumei Furniture History  |  Qumei Furniture Valuation   PreviousNext  
Open Value
3.13
2.95
Closing Value
14.42
Upside

Qumei Furniture Trading Date Momentum on October 8, 2024

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Qumei Furniture Group Fundamentals Correlations and Trends

By evaluating Qumei Furniture's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Qumei Furniture's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Qumei financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Qumei Furniture Stock history

Qumei Furniture investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Qumei is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Qumei Furniture Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Qumei Furniture stock prices may prove useful in developing a viable investing in Qumei Furniture
Last ReportedProjected for Next Year
Common Stock Shares Outstanding585.1 M597.1 M
Net Income Applicable To Common Shares204.6 M127 M

Qumei Furniture Stock Technical Analysis

Qumei Furniture 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.
A focus of Qumei Furniture technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Qumei Furniture 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...

Price Boundaries

Qumei Furniture Period Price Range

Low
December 12, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Qumei Furniture Group cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Qumei Furniture December 12, 2024 Market Strength

Market strength indicators help investors to evaluate how Qumei Furniture stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Qumei Furniture shares will generate the highest return on investment. By undertsting and applying Qumei Furniture stock market strength indicators, traders can identify Qumei Furniture Group entry and exit signals to maximize returns

Qumei Furniture Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Qumei Furniture's price direction in advance. Along with the technical and fundamental analysis of Qumei Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Qumei to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Qumei Stock analysis

When running Qumei Furniture's price analysis, check to measure Qumei Furniture'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 Qumei Furniture is operating at the current time. Most of Qumei Furniture's value examination focuses on studying past and present price action to predict the probability of Qumei Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qumei Furniture's price. Additionally, you may evaluate how the addition of Qumei Furniture to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Equity Valuation
Check real value of public entities based on technical and fundamental data
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Fundamental Analysis
View fundamental data based on most recent published financial statements
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Bonds Directory
Find actively traded corporate debentures issued by US companies
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance