Qumei Furniture (China) Market Value
| 603818 Stock | 3.04 0.14 4.83% |
| Symbol | Qumei |
Qumei Furniture '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 Qumei Furniture'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 Qumei Furniture.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Qumei Furniture on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Qumei Furniture Group or generate 0.0% return on investment in Qumei Furniture over 90 days. Qumei Furniture is related to or competes with Nantong JiangTian, Do-Fluoride Chemicals, Goldlok Toys, North Chemical, Hengyi Petrochemical, AVCON Information, and Westone Information. Qumei Furniture is entity of China. It is traded as Stock on SHG exchange. More
Qumei Furniture 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 Qumei Furniture'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 Qumei Furniture Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 14.77 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 5.12 |
Qumei Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qumei Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qumei Furniture's standard deviation. In reality, there are many statistical measures that can use Qumei Furniture historical prices to predict the future Qumei Furniture's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.334 | |||
| Treynor Ratio | (0.95) |
Qumei Furniture Group Backtested Returns
Qumei Furniture Group maintains Sharpe Ratio (i.e., Efficiency) of -0.0685, which implies the firm had a -0.0685 % return per unit of risk over the last 3 months. Qumei Furniture Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qumei Furniture's Risk Adjusted Performance of (0.01), variance of 10.0, and Coefficient Of Variation of (6,071) to confirm the risk estimate we provide. The company holds a Beta of 0.0656, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qumei Furniture's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qumei Furniture is expected to be smaller as well. At this point, Qumei Furniture Group has a negative expected return of -0.19%. Please make sure to check Qumei Furniture's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Qumei Furniture Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Qumei Furniture Group has poor reverse predictability. Overlapping area represents the amount of predictability between Qumei Furniture time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Qumei Furniture Group price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Qumei Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Qumei Furniture Group lagged returns against current returns
Autocorrelation, which is Qumei Furniture 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 Qumei Furniture's stock expected returns. We can calculate the autocorrelation of Qumei Furniture returns to help us make a trade decision. For example, suppose you find that Qumei Furniture 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 |
Qumei Furniture 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 Qumei Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qumei Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qumei Furniture stock over time.
Current vs Lagged Prices |
| Timeline |
Qumei Furniture Lagged Returns
When evaluating Qumei Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qumei Furniture stock have on its future price. Qumei Furniture 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, Qumei Furniture autocorrelation shows the relationship between Qumei Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Qumei Furniture Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qumei Stock
Qumei Furniture financial ratios help investors to determine whether Qumei 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 Qumei with respect to the benefits of owning Qumei Furniture security.