Qumei Furniture (China) Price on November 29, 2024
| 603818 Stock | 3.73 0.23 6.57% |
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 3.73, as last reported on the 11th of December 2024, with the highest price reaching 3.83 and the lowest price hitting 3.48 during the day.
If you're considering investing in Qumei Stock, it is important to understand the factors that can impact its price. Qumei Furniture appears to be unstable, given 3 months investment horizon. Qumei Furniture Group maintains Sharpe Ratio (i.e., Efficiency) of 0.26, which implies the firm had a 0.26% return per unit of risk over the last 3 months. By analyzing Qumei Furniture's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please evaluate Qumei Furniture's Risk Adjusted Performance of 0.1474, coefficient of variation of 518.63, and Semi Deviation of 2.82 to confirm if our risk estimates are consistent with your expectations.
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.
200 Day MA 3.0638 | 50 Day MA 2.9588 | Beta 0.693 |
Qumei |
Sharpe Ratio = 0.2554
| Best Portfolio | Best Equity | |||
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| Small Returns | 603818 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.76 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.96 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Qumei Furniture is performing at about 20% 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 1.0955 | Enterprise Value Ebitda 87.8828 | Price Sales 0.6697 | Shares Float 397.4 M | Wall Street Target Price 7.68 |
Qumei Furniture Valuation on November 29, 2024
It is possible to determine the worth of Qumei Furniture on a given historical date. On November 29, 2024 Qumei was worth 3.15 at the beginning of the trading date compared to the closed value of 3.27. 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 | |
| 3.08 | 3.17 | 3.08 | 3.16 | 22,640,256 | |
11/29/2024 | 3.15 | 3.30 | 3.11 | 3.27 | 29,221,312 |
| 3.25 | 3.36 | 3.24 | 3.34 | 21,909,700 |
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Qumei Furniture Trading Date Momentum on November 29, 2024
| On December 02 2024 Qumei Furniture Group was traded for 3.34 at the closing time. The highest price during the trading period was 3.36 and the lowest recorded bid was listed for 3.24 . The volume for the day was 21.9 M. This history from December 2, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 2.14% . The trading delta at closing time to the current price is 5.50% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 585.1 M | 597.1 M | |
| Net Income Applicable To Common Shares | 204.6 M | 127 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.
Price Boundaries
Qumei Furniture Period Price Range
Low | December 11, 2024
| 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 11, 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.
| Risk Adjusted Performance | 0.1474 | |||
| Jensen Alpha | 0.6984 | |||
| Total Risk Alpha | 0.1198 | |||
| Sortino Ratio | 0.1696 | |||
| Treynor Ratio | 4.3 |
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| Volume Indicators |
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.
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