Kossan Rubber (Malaysia) Price on April 29, 2024
| 7153 Stock | 2.48 0.01 0.40% |
If you're considering investing in Kossan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Kossan Rubber stands at 2.48, as last reported on the 2nd of December, with the highest price reaching 2.49 and the lowest price hitting 2.45 during the day. Kossan Rubber appears to be very risky, given 3 months investment horizon. Kossan Rubber Industries has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kossan Rubber, which you can use to evaluate the volatility of the firm. Please exercise Kossan Rubber's Downside Deviation of 3.02, mean deviation of 2.05, and Risk Adjusted Performance of 0.1118 to check out if our risk estimates are consistent with your expectations.
Kossan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Kossan |
Sharpe Ratio = 0.1285
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 7153 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.72 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.48 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Kossan Rubber is performing at about 10% 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 Kossan Rubber by adding it to a well-diversified portfolio.
Kossan Rubber Valuation on April 29, 2024
It is possible to determine the worth of Kossan Rubber on a given historical date. On April 29, 2024 Kossan was worth 2.08 at the beginning of the trading date compared to the closed value of 2.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Kossan Rubber stock. Still, in general, we apply an absolute valuation method to find Kossan Rubber'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 Kossan Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Kossan Rubber's related companies.
| Open | High | Low | Close | Volume | |
| 2.10 | 2.10 | 2.06 | 2.08 | 4,741,800 | |
04/29/2024 | 2.08 | 2.14 | 2.08 | 2.13 | 7,241,900 |
| 2.14 | 2.18 | 2.10 | 2.18 | 6,631,700 |
| Backtest Kossan Rubber | | | Kossan Rubber History | | | Kossan Rubber Valuation | Previous | Next |
Kossan Rubber Trading Date Momentum on April 29, 2024
| On April 30 2024 Kossan Rubber Industries was traded for 2.18 at the closing time. The highest price during the trading period was 2.18 and the lowest recorded bid was listed for 2.10 . The volume for the day was 6.6 M. This history from April 30, 2024 contributed to the next trading day price upswing. The daily price change to the next closing price was 2.35% . The trading delta at closing time to the current price is 6.57% . |
Kossan Rubber Industries Fundamentals Correlations and Trends
By evaluating Kossan Rubber'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 Kossan Rubber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Kossan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Kossan Rubber Stock history
Kossan Rubber 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 Kossan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Kossan Rubber Industries 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 Kossan Rubber stock prices may prove useful in developing a viable investing in Kossan Rubber
Kossan Rubber Stock Technical Analysis
Kossan Rubber 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
Kossan Rubber Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Kossan Rubber Industries 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.
Kossan Rubber December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Kossan Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Kossan Rubber shares will generate the highest return on investment. By undertsting and applying Kossan Rubber stock market strength indicators, traders can identify Kossan Rubber Industries entry and exit signals to maximize returns
Kossan Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Kossan Rubber's price direction in advance. Along with the technical and fundamental analysis of Kossan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Kossan 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 | 0.1118 | |||
| Jensen Alpha | 0.5301 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1193 | |||
| Treynor Ratio | (1.49) |
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Other Information on Investing in Kossan Stock
Kossan Rubber financial ratios help investors to determine whether Kossan 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 Kossan with respect to the benefits of owning Kossan Rubber security.