QL Resources (Malaysia) Price on August 14, 2024
| 7084 Stock | 4.89 0.02 0.41% |
If you're considering investing in 7084 Stock, it is important to understand the factors that can impact its price. As of today, the current price of QL Resources stands at 4.89, as last reported on the 3rd of December, with the highest price reaching 4.89 and the lowest price hitting 4.85 during the day. QL Resources appears to be not too volatile, given 3 months investment horizon. QL Resources Bhd retains Efficiency (Sharpe Ratio) of 0.22, which implies the firm had a 0.22% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for QL Resources, which you can use to evaluate the volatility of the company. Please evaluate QL Resources' standard deviation of 0.9676, and Market Risk Adjusted Performance of (10.32) to confirm if our risk estimates are consistent with your expectations.
7084 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
7084 |
Sharpe Ratio = 0.2236
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Estimated Market Risk
| 0.97 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average QL Resources is performing at about 17% 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 QL Resources by adding it to a well-diversified portfolio.
QL Resources Valuation on August 14, 2024
It is possible to determine the worth of QL Resources on a given historical date. On August 14, 2024 7084 was worth 4.36 at the beginning of the trading date compared to the closed value of 4.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of QL Resources stock. Still, in general, we apply an absolute valuation method to find QL Resources' 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 QL Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against QL Resources' related companies.
| Open | High | Low | Close | Volume | |
| 4.36 | 4.38 | 4.36 | 4.38 | 1,131,901 | |
08/14/2024 | 4.36 | 4.46 | 4.36 | 4.44 | 2,117,552 |
| 4.42 | 4.46 | 4.41 | 4.43 | 3,140,853 |
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QL Resources Trading Date Momentum on August 14, 2024
| On August 15 2024 QL Resources Bhd was traded for 4.43 at the closing time. The highest price during the trading period was 4.46 and the lowest recorded bid was listed for 4.41 . The volume for the day was 3.1 M. This history from August 15, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.23% . The trading delta at closing time to the current price is 0.90% . |
QL Resources Bhd Fundamentals Correlations and Trends
By evaluating QL Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among QL Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 7084 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About QL Resources Stock history
QL Resources 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 7084 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in QL Resources 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 QL Resources stock prices may prove useful in developing a viable investing in QL Resources
QL Resources Stock Technical Analysis
QL Resources 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
QL Resources Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
QL Resources 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.
QL Resources December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how QL Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading QL Resources shares will generate the highest return on investment. By undertsting and applying QL Resources stock market strength indicators, traders can identify QL Resources Bhd entry and exit signals to maximize returns
QL Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for QL Resources' price direction in advance. Along with the technical and fundamental analysis of 7084 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 7084 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 | 0.1625 | |||
| Jensen Alpha | 0.1952 | |||
| Total Risk Alpha | 0.0484 | |||
| Sortino Ratio | 0.099 | |||
| Treynor Ratio | (10.33) |
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Other Information on Investing in 7084 Stock
QL Resources financial ratios help investors to determine whether 7084 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 7084 with respect to the benefits of owning QL Resources security.