Quantum Stock Price on March 31, 2023
| QMCO Stock | USD 0.55 0.01 1.79% |
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 0.55, as last reported on the 21st of May, with the highest price reaching 0.58 and the lowest price hitting 0.53 during the day. Quantum appears to be out of control, given 3 months investment horizon. Quantum maintains Sharpe Ratio (i.e., Efficiency) of 0.0967, which implies the firm had a 0.0967% return per unit of risk over the last 3 months. By analyzing Quantum's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please evaluate Quantum's Semi Deviation of 5.53, risk adjusted performance of 0.0645, and Coefficient Of Variation of 1033.77 to confirm if our risk estimates are consistent with your expectations.
Quantum Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Quantum |
Sharpe Ratio = 0.0967
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Estimated Market Risk
| 6.48 actual daily | 57 57% of assets are less volatile |
Expected Return
| 0.63 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Quantum is performing at about 7% 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 March 31, 2023
It is possible to determine the worth of Quantum on a given historical date. On March 31, 2023 Quantum was worth 1.05 at the beginning of the trading date compared to the closed value of 1.15. 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 | |
| 1.02 | 1.09 | 1.01 | 1.05 | 69,908 | |
03/31/2023 | 1.05 | 1.16 | 1.03 | 1.15 | 146,508 |
| 1.14 | 1.15 | 1.07 | 1.09 | 105,550 |
| Backtest Quantum | | | Quantum History | | | Quantum Valuation | Previous | Next |
Quantum Trading Date Momentum on March 31, 2023
| On April 03 2023 Quantum was traded for 1.09 at the closing time. The top price for the day was 1.15 and the lowest listed price was 1.07 . The trading volume for the day was 105.5 K. The trading history from April 3, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.22% . The trading delta at closing time against the current closing price is 8.70% . |
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 | March 31, 2023
| High |
1.05 | 1.15 |
Quantum May 21, 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
| Accumulation Distribution | 16419.0 | |||
| Daily Balance Of Power | 0.7692 | |||
| Rate Of Daily Change | 1.1 | |||
| Day Median Price | 1.1 | |||
| Day Typical Price | 1.11 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | (0.60) |
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 | 0.0645 | |||
| Jensen Alpha | 0.6221 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0855 | |||
| Treynor Ratio | (7.84) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 tightly coupled 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.Note that the Quantum information on this page should be used as a complementary analysis to other Quantum's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Quantum Stock analysis
When running Quantum's price analysis, check to measure Quantum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quantum is operating at the current time. Most of Quantum's value examination focuses on studying past and present price action to predict the probability of Quantum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum's price. Additionally, you may evaluate how the addition of Quantum to your portfolios can decrease your overall portfolio volatility.
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Is Quantum's industry 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.