Globetronics Tech (Malaysia) Price on December 2, 2024
| 7022 Stock | 0.56 0.02 3.70% |
If you're considering investing in Globetronics Stock, it is important to understand the factors that can impact its price. As of today, the current price of Globetronics Tech stands at 0.56, as last reported on the 4th of December, with the highest price reaching 0.57 and the lowest price hitting 0.54 during the day. Globetronics Tech Bhd holds Efficiency (Sharpe) Ratio of -0.0687, which attests that the entity had a -0.0687% return per unit of risk over the last 3 months. Globetronics Tech Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globetronics Tech's Market Risk Adjusted Performance of (0.87), standard deviation of 6.02, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide.
Globetronics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Globetronics |
Sharpe Ratio = -0.0687
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| Negative Returns | 7022 |
Estimated Market Risk
| 6.11 actual daily | 54 54% of assets are less volatile |
Expected Return
| -0.42 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Globetronics Tech is not performing at its full potential. However, 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 Globetronics Tech by adding Globetronics Tech to a well-diversified portfolio.
Globetronics Tech Valuation on December 2, 2024
It is possible to determine the worth of Globetronics Tech on a given historical date. On December 2, 2024 Globetronics was worth 0.55 at the beginning of the trading date compared to the closed value of 0.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globetronics Tech stock. Still, in general, we apply an absolute valuation method to find Globetronics Tech'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 Globetronics Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globetronics Tech's related companies.
| Open | High | Low | Close | Volume | |
| 0.57 | 0.59 | 0.55 | 0.55 | 20,550,600 | |
12/02/2024 | 0.55 | 0.55 | 0.53 | 0.54 | 12,995,200 |
| 0.54 | 0.57 | 0.54 | 0.56 | 23,355,800 |
| Backtest Globetronics Tech | | | Globetronics Tech History | | | Globetronics Tech Valuation | Previous | Next |
Globetronics Tech Trading Date Momentum on December 2, 2024
| On December 03 2024 Globetronics Tech Bhd was traded for 0.56 at the closing time. The highest price during the trading period was 0.57 and the lowest recorded bid was listed for 0.54 . The volume for the day was 23.4 M. This history from December 3, 2024 contributed to the next trading day price upswing. The daily price change to the next closing price was 3.70% . The overall trading delta to the current price is 0.00% . |
Globetronics Tech Bhd Fundamentals Correlations and Trends
By evaluating Globetronics Tech'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 Globetronics Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globetronics financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globetronics Tech Stock history
Globetronics Tech 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 Globetronics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globetronics Tech Bhd 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 Globetronics Tech stock prices may prove useful in developing a viable investing in Globetronics Tech
Globetronics Tech Stock Technical Analysis
Globetronics Tech 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
Globetronics Tech Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Globetronics Tech Bhd cannot be verified against its exchange. Please verify the symbol is currently traded on Kuala Lumpur Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Globetronics Tech December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Globetronics Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globetronics Tech shares will generate the highest return on investment. By undertsting and applying Globetronics Tech stock market strength indicators, traders can identify Globetronics Tech Bhd entry and exit signals to maximize returns
Globetronics Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globetronics Tech's price direction in advance. Along with the technical and fundamental analysis of Globetronics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globetronics 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 | (0.05) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.29) | |||
| Treynor Ratio | (0.88) |
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Other Information on Investing in Globetronics Stock
Globetronics Tech financial ratios help investors to determine whether Globetronics 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 Globetronics with respect to the benefits of owning Globetronics Tech security.