Top Glove Stock Market Value
| TPGVF Stock | USD 0.29 0.02 6.45% |
| Symbol | Top |
Top Glove '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 Top Glove's pink sheet 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 Top Glove.
| 10/15/2024 |
| 01/13/2025 |
If you would invest 0.00 in Top Glove on October 15, 2024 and sell it all today you would earn a total of 0.00 from holding Top Glove or generate 0.0% return on investment in Top Glove over 90 days. Top Glove is related to or competes with Rocky Brands, Crocs, FormFactor, Lincoln Electric, Entegris, Toro, and Church Dwight. Top Glove Corporation Bhd., an investment holding company, researches, develops, manufactures, and trades in gloves and ... More
Top Glove 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 Top Glove's pink sheet 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 Top Glove upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.085 | |||
| Maximum Drawdown | 42.82 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 8.7 |
Top Glove Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Top Glove's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Top Glove's standard deviation. In reality, there are many statistical measures that can use Top Glove historical prices to predict the future Top Glove's volatility.| Risk Adjusted Performance | 0.0782 | |||
| Jensen Alpha | 0.5023 | |||
| Total Risk Alpha | 0.5912 | |||
| Treynor Ratio | (3.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Top Glove's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Top Glove Backtested Returns
Top Glove appears to be out of control, given 3 months investment horizon. Top Glove owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.086, which indicates the firm had a 0.086% 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 0.53% is justified by implied risk. Please review Top Glove's Coefficient Of Variation of 1180.88, variance of 36.84, and Risk Adjusted Performance of 0.0782 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Top Glove holds a performance score of 6. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Top Glove are expected to decrease at a much lower rate. During the bear market, Top Glove is likely to outperform the market. Please check Top Glove's total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to make a quick decision on whether Top Glove's existing price patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Top Glove has weak reverse predictability. Overlapping area represents the amount of predictability between Top Glove time series from 15th of October 2024 to 29th of November 2024 and 29th of November 2024 to 13th of January 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 Top Glove price movement. The serial correlation of -0.23 indicates that over 23.0% of current Top Glove price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Top Glove lagged returns against current returns
Autocorrelation, which is Top Glove pink sheet'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 Top Glove's pink sheet expected returns. We can calculate the autocorrelation of Top Glove returns to help us make a trade decision. For example, suppose you find that Top Glove has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
| Timeline |
Top Glove 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 Top Glove pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Top Glove pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Top Glove pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Top Glove Lagged Returns
When evaluating Top Glove's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Top Glove pink sheet have on its future price. Top Glove 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, Top Glove autocorrelation shows the relationship between Top Glove pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Top Glove.
Regressed Prices |
| Timeline |
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Other Information on Investing in Top Pink Sheet
Top Glove financial ratios help investors to determine whether Top Pink Sheet 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.