Luenmei Quantum (China) Market Value
| 600167 Stock | 6.10 0.02 0.33% |
| Symbol | Luenmei |
Luenmei Quantum '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 Luenmei Quantum'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 Luenmei Quantum.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Luenmei Quantum on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Luenmei Quantum Co or generate 0.0% return on investment in Luenmei Quantum over 30 days. Luenmei Quantum is related to or competes with Holitech Technology, Soyea Technology, Shengda Mining, Pengxin International, Zhejiang Yayi, Shenyang Huitian, and Dongguan Chitwing. Luenmei Quantum is entity of China. It is traded as Stock on SHG exchange. More
Luenmei Quantum 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 Luenmei Quantum'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 Luenmei Quantum Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.95 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.53 |
Luenmei Quantum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luenmei Quantum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luenmei Quantum's standard deviation. In reality, there are many statistical measures that can use Luenmei Quantum historical prices to predict the future Luenmei Quantum's volatility.| Risk Adjusted Performance | 0.0576 | |||
| Jensen Alpha | 0.1333 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.60) |
Luenmei Quantum Backtested Returns
At this point, Luenmei Quantum is somewhat reliable. Luenmei Quantum has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Luenmei Quantum, which you can use to evaluate the volatility of the firm. Please verify Luenmei Quantum's Downside Deviation of 1.87, risk adjusted performance of 0.0576, and Mean Deviation of 1.19 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. Luenmei Quantum has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Luenmei Quantum are expected to decrease at a much lower rate. During the bear market, Luenmei Quantum is likely to outperform the market. Luenmei Quantum right now secures a risk of 1.86%. Please verify Luenmei Quantum Co semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Luenmei Quantum Co will be following its current price movements.
Auto-correlation | 0.78 |
Good predictability
Luenmei Quantum Co has good predictability. Overlapping area represents the amount of predictability between Luenmei Quantum time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Luenmei Quantum price movement. The serial correlation of 0.78 indicates that around 78.0% of current Luenmei Quantum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Luenmei Quantum lagged returns against current returns
Autocorrelation, which is Luenmei Quantum 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 Luenmei Quantum's stock expected returns. We can calculate the autocorrelation of Luenmei Quantum returns to help us make a trade decision. For example, suppose you find that Luenmei Quantum 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 |
Luenmei Quantum 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 Luenmei Quantum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luenmei Quantum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luenmei Quantum stock over time.
Current vs Lagged Prices |
| Timeline |
Luenmei Quantum Lagged Returns
When evaluating Luenmei Quantum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luenmei Quantum stock have on its future price. Luenmei Quantum 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, Luenmei Quantum autocorrelation shows the relationship between Luenmei Quantum stock current value and its past values and can show if there is a momentum factor associated with investing in Luenmei Quantum Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Luenmei Stock
Luenmei Quantum financial ratios help investors to determine whether Luenmei 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 Luenmei with respect to the benefits of owning Luenmei Quantum security.