Brite Tech (Malaysia) Price on June 14, 2024
0011 Stock | 0.31 0.01 3.13% |
If you're considering investing in Brite Stock, it is important to understand the factors that can impact its price. As of today, the current price of Brite Tech stands at 0.31, as last reported on the 11th of December 2024, with the highest price reaching 0.31 and the lowest price hitting 0.30 during the day. Brite Tech Bhd secures Sharpe Ratio (or Efficiency) of -0.0246, which signifies that the company had a -0.0246% return per unit of risk over the last 3 months. Brite Tech Bhd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brite Tech's Risk Adjusted Performance of (0.01), mean deviation of 0.7999, and Standard Deviation of 1.58 to double-check the risk estimate we provide.
Brite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Brite |
Sharpe Ratio = -0.0246
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Estimated Market Risk
1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Brite 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 Brite Tech by adding Brite Tech to a well-diversified portfolio.
Brite Tech Valuation on June 14, 2024
It is possible to determine the worth of Brite Tech on a given historical date. On June 14, 2024 Brite was worth 0.35 at the beginning of the trading date compared to the closed value of 0.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Brite Tech stock. Still, in general, we apply an absolute valuation method to find Brite 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 Brite Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Brite Tech's related companies.
Open | High | Low | Close | Volume | |
0.35 | 0.36 | 0.35 | 0.36 | 803,700 | |
06/14/2024 | 0.35 | 0.36 | 0.35 | 0.35 | 761,100 |
0.35 | 0.35 | 0.35 | 0.35 | 325,200 |
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Brite Tech Trading Date Momentum on June 14, 2024
On June 18 2024 Brite Tech Bhd was traded for 0.35 at the closing time. The highest price during the trading period was 0.35 and the lowest recorded bid was listed for 0.35 . The volume for the day was 325.2 K. This history from June 18, 2024 did not affect price variability. The overall trading delta to the current price is 2.86% . |
Brite Tech Bhd Fundamentals Correlations and Trends
By evaluating Brite 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 Brite Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Brite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Brite Tech Stock history
Brite 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 Brite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Brite 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 Brite Tech stock prices may prove useful in developing a viable investing in Brite Tech
Brite Tech Stock Technical Analysis
Brite 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
Brite Tech Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Brite 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.
Brite Tech December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Brite 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 Brite Tech shares will generate the highest return on investment. By undertsting and applying Brite Tech stock market strength indicators, traders can identify Brite Tech Bhd entry and exit signals to maximize returns
Brite Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Brite Tech's price direction in advance. Along with the technical and fundamental analysis of Brite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Brite 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 | (0.01) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | (0.39) |
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Other Information on Investing in Brite Stock
Brite Tech financial ratios help investors to determine whether Brite 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 Brite with respect to the benefits of owning Brite Tech security.