Luenmei Quantum's market value is the price at which a share of Luenmei Quantum trades on a public exchange. It measures the collective expectations of Luenmei Quantum Co investors about its performance. Luenmei Quantum is trading at 5.55 as of the 1st of February 2025, a 0.91 percent increase since the beginning of the trading day. The stock's open price was 5.5. With this module, you can estimate the performance of a buy and hold strategy of Luenmei Quantum Co and determine expected loss or profit from investing in Luenmei Quantum over a given investment horizon. Check out Luenmei Quantum Correlation, Luenmei Quantum Volatility and Luenmei Quantum Alpha and Beta module to complement your research on Luenmei Quantum.
Please note, there is a significant difference between Luenmei Quantum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Luenmei Quantum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luenmei 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.
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.
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02/07/2024
No Change 0.00
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In 11 months and 27 days
02/01/2025
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If you would invest 0.00 in Luenmei Quantum on February 7, 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 360 days. Luenmei Quantum is related to or competes with Glodon Software, Fujian Boss, Dareway Software, China National, Linewell Software, Bingo Software, and GuoChuang Software. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Luenmei Quantum. Your research has to be compared to or analyzed against Luenmei Quantum's peers to derive any actionable benefits. When done correctly, Luenmei Quantum's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Luenmei Quantum.
Luenmei Quantum Backtested Returns
Luenmei Quantum has Sharpe Ratio of -0.0772, which conveys that the firm had a -0.0772 % return per unit of risk over the last 3 months. Luenmei Quantum exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luenmei Quantum's Mean Deviation of 1.06, risk adjusted performance of (0.06), and Standard Deviation of 1.32 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0833, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Luenmei Quantum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Luenmei Quantum is expected to be smaller as well. At this point, Luenmei Quantum has a negative expected return of -0.1%. Please make sure to verify Luenmei Quantum's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Luenmei Quantum performance from the past will be repeated at some point in the near future.
Auto-correlation
0.07
Virtually no predictability
Luenmei Quantum Co has virtually no predictability. Overlapping area represents the amount of predictability between Luenmei Quantum time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 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 Luenmei Quantum price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Luenmei Quantum price fluctuation can be explain by its past prices.
Correlation Coefficient
0.07
Spearman Rank Test
0.06
Residual Average
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Price Variance
0.13
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
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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
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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.
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.