Tanco Holdings (Malaysia) Price on May 7, 2024
| 2429 Stock | 1.66 0.03 1.84% |
If you're considering investing in Tanco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tanco Holdings stands at 1.66, as last reported on the 29th of November, with the highest price reaching 1.67 and the lowest price hitting 1.63 during the day. Tanco Holdings appears to be very risky, given 3 months investment horizon. Tanco Holdings Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. By inspecting Tanco Holdings' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review Tanco Holdings' Semi Deviation of 2.73, risk adjusted performance of 0.2476, and Coefficient Of Variation of 318.43 to confirm if our risk estimates are consistent with your expectations.
Tanco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tanco |
Sharpe Ratio = 0.2731
| Best Portfolio | Best Equity | |||
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| Small Returns | 2429 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.56 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Tanco Holdings is performing at about 21% 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 Tanco Holdings by adding it to a well-diversified portfolio.
Tanco Holdings Valuation on May 7, 2024
It is possible to determine the worth of Tanco Holdings on a given historical date. On May 7, 2024 Tanco was worth 0.86 at the beginning of the trading date compared to the closed value of 0.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tanco Holdings stock. Still, in general, we apply an absolute valuation method to find Tanco Holdings' 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 Tanco Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tanco Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 0.86 | 0.86 | 0.85 | 0.86 | 16,227,300 | |
05/07/2024 | 0.86 | 0.87 | 0.86 | 0.87 | 21,509,800 |
| 0.87 | 0.87 | 0.86 | 0.86 | 15,646,900 |
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Tanco Holdings Trading Date Momentum on May 7, 2024
| On May 08 2024 Tanco Holdings Bhd was traded for 0.86 at the closing time. The highest price during the trading period was 0.87 and the lowest recorded bid was listed for 0.86 . The volume for the day was 15.6 M. This history from May 8, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.15% . The trading price change to the current price is 2.30% . |
Price Boundaries
Tanco Holdings Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Tanco Holdings November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Tanco Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tanco Holdings shares will generate the highest return on investment. By undertsting and applying Tanco Holdings stock market strength indicators, traders can identify Tanco Holdings Bhd entry and exit signals to maximize returns
Tanco Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tanco Holdings' price direction in advance. Along with the technical and fundamental analysis of Tanco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tanco 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.