Top Glove (Malaysia) Price on September 18, 2024
| 7113 Stock | 1.37 0.04 3.01% |
If you're considering investing in Top Stock, it is important to understand the factors that can impact its price. As of today, the current price of Top Glove stands at 1.37, as last reported on the 11th of December 2024, with the highest price reaching 1.40 and the lowest price hitting 1.32 during the day. Top Glove appears to be dangerous, given 3 months investment horizon. Top Glove owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Top Glove's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Top Glove's Risk Adjusted Performance of 0.128, semi deviation of 1.99, and Coefficient Of Variation of 602.59 to confirm if our risk estimates are consistent with your expectations.
Top Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Top |
Sharpe Ratio = 0.1813
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 7113 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Top Glove is performing at about 14% 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 Top Glove by adding it to a well-diversified portfolio.
Top Glove Valuation on September 18, 2024
It is possible to determine the worth of Top Glove on a given historical date. On September 18, 2024 Top was worth 1.14 at the beginning of the trading date compared to the closed value of 1.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Top Glove stock. Still, in general, we apply an absolute valuation method to find Top Glove'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 Top Glove where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Top Glove's related companies.
| Open | High | Low | Close | Volume | |
| 1.10 | 1.21 | 1.04 | 1.14 | 232,932,200 | |
09/18/2024 | 1.14 | 1.14 | 1.03 | 1.07 | 130,308,700 |
| 1.06 | 1.07 | 1.02 | 1.04 | 44,740,400 |
| Backtest Top Glove | | | Top Glove History | | | Top Glove Valuation | Previous | Next |
Top Glove Trading Date Momentum on September 18, 2024
| On September 19 2024 Top Glove was traded for 1.04 at the closing time. The highest price during the trading period was 1.07 and the lowest recorded bid was listed for 1.02 . The volume for the day was 44.7 M. This history from September 19, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.80% . The trading price change to the current price is 6.54% . |
Top Glove Fundamentals Correlations and Trends
By evaluating Top Glove'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 Top Glove's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Top financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Top Glove Stock history
Top Glove 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 Top is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Top Glove 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 Top Glove stock prices may prove useful in developing a viable investing in Top Glove
Top Glove Stock Technical Analysis
Top Glove 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
Top Glove Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Top Glove 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.
Top Glove December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Top Glove stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Top Glove shares will generate the highest return on investment. By undertsting and applying Top Glove stock market strength indicators, traders can identify Top Glove entry and exit signals to maximize returns
Top Glove Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Top Glove's price direction in advance. Along with the technical and fundamental analysis of Top Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Top 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 | 0.128 | |||
| Jensen Alpha | 0.6596 | |||
| Total Risk Alpha | 0.019 | |||
| Sortino Ratio | 0.1563 | |||
| Treynor Ratio | (2.46) |
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Other Information on Investing in Top Stock
Top Glove financial ratios help investors to determine whether Top 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 Top with respect to the benefits of owning Top Glove security.