Qumei Furniture (China) Market Value
| 603818 Stock | 3.73 0.23 6.57% |
| 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Qumei Furniture on November 11, 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 30 days. Qumei Furniture is related to or competes with Lutian Machinery, PetroChina, Bank of China, Gansu Jiu, Shandong Mining, Aba Chemicals, and BlueFocus Communication. 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.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.1598 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 7.37 |
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 | 0.1474 | |||
| Jensen Alpha | 0.6984 | |||
| Total Risk Alpha | 0.1198 | |||
| Sortino Ratio | 0.1696 | |||
| Treynor Ratio | 4.3 |
Qumei Furniture Group Backtested Returns
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, semi deviation of 2.82, and Coefficient Of Variation of 518.63 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qumei Furniture holds a performance score of 20. The company holds a Beta of 0.17, 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. Please check Qumei Furniture's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Qumei Furniture's historical price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Qumei Furniture Group has good reverse predictability. Overlapping area represents the amount of predictability between Qumei Furniture time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Qumei Furniture Group price movement. The serial correlation of -0.53 indicates that about 53.0% of current Qumei Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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.