Quantum Stock Price on November 27, 2024
| QMCO Stock | USD 20.21 4.32 27.19% |
If you're considering investing in Quantum Stock, it is important to understand the factors that can impact its price. As of today, the current price of Quantum stands at 20.21, as last reported on the 11th of December 2024, with the highest price reaching 21.44 and the lowest price hitting 15.11 during the day. Quantum is dangerous given 3 months investment horizon. Quantum maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 4.89% are justified by taking the suggested risk. Use Quantum Coefficient Of Variation of 519.85, semi deviation of 8.18, and Risk Adjusted Performance of 0.1487 to evaluate company specific risk that cannot be diversified away.
Quantum Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Quantum |
Sharpe Ratio = 0.1924
| Best Portfolio | Best Equity | QMCO | ||
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Estimated Market Risk
| 25.43 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.89 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average Quantum is performing at about 15% 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 Quantum by adding it to a well-diversified portfolio.
Quantum Valuation on November 27, 2024
It is possible to determine the worth of Quantum on a given historical date. On November 27, 2024 Quantum was worth 22.95 at the beginning of the trading date compared to the closed value of 17.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Quantum stock. Still, in general, we apply an absolute valuation method to find Quantum'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 Quantum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Quantum's related companies.
| Open | High | Low | Close | Volume | |
| 15.18 | 33.00 | 14.51 | 17.23 | 12,734,475 | |
11/27/2024 | 22.95 | 25.10 | 17.00 | 17.86 | 6,024,055 |
| 17.06 | 19.35 | 16.33 | 17.41 | 2,412,875 |
| Backtest Quantum | | | Quantum History | | | Quantum Valuation | Previous | Next |
Quantum Trading Date Momentum on November 27, 2024
| On November 29 2024 Quantum was traded for 17.41 at the closing time. The top price for the day was 19.35 and the lowest listed price was 16.33 . The trading volume for the day was 2.4 M. The trading history from November 29, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.52% . The trading delta at closing time against the current closing price is 4.82% . |
Quantum Fundamentals Correlations and Trends
By evaluating Quantum'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 Quantum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Quantum financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Quantum Stock history
Quantum 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 Quantum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Quantum 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 Quantum stock prices may prove useful in developing a viable investing in Quantum
Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California. Quantum Corp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 905 people.
Quantum Stock Technical Analysis
Quantum 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
Quantum Period Price Range
Low | December 11, 2024
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0.00 | 0.00 |
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Quantum December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Quantum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Quantum shares will generate the highest return on investment. By undertsting and applying Quantum stock market strength indicators, traders can identify Quantum entry and exit signals to maximize returns
Quantum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Quantum's price direction in advance. Along with the technical and fundamental analysis of Quantum Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Quantum 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 | 0.1487 | |||
| Jensen Alpha | 3.79 | |||
| Total Risk Alpha | 0.8516 | |||
| Sortino Ratio | 0.4055 | |||
| Treynor Ratio | 0.5122 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Quantum Stock, please use our How to Invest in Quantum guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quantum. If investors know Quantum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quantum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Quantum is measured differently than its book value, which is the value of Quantum that is recorded on the company's balance sheet. Investors also form their own opinion of Quantum's value that differs from its market value or its book value, called intrinsic value, which is Quantum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quantum's market value can be influenced by many factors that don't directly affect Quantum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quantum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quantum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quantum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.