MyTech Group (Malaysia) Price on August 29, 2024
7692 Stock | 0.42 0.00 0.00% |
If you're considering investing in MyTech Stock, it is important to understand the factors that can impact its price. As of today, the current price of MyTech Group stands at 0.42, as last reported on the 26th of November, with the highest price reaching 0.42 and the lowest price hitting 0.42 during the day. MyTech Group Bhd has Sharpe Ratio of -0.0185, which conveys that the firm had a -0.0185% return per unit of standard deviation over the last 3 months. MyTech Group exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MyTech Group's Market Risk Adjusted Performance of 0.3975, mean deviation of 1.69, and Risk Adjusted Performance of 0.0051 to check out the risk estimate we provide.
MyTech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MyTech |
Sharpe Ratio = -0.0185
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Negative Returns | 7692 |
Estimated Market Risk
3.22 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.06 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 MyTech Group 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 MyTech Group by adding MyTech Group to a well-diversified portfolio.
MyTech Group Valuation on August 29, 2024
It is possible to determine the worth of MyTech Group on a given historical date. On August 29, 2024 MyTech was worth 0.45 at the beginning of the trading date compared to the closed value of 0.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MyTech Group stock. Still, in general, we apply an absolute valuation method to find MyTech Group'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 MyTech Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MyTech Group's related companies.
Open | High | Low | Close | Volume | |
0.41 | 0.48 | 0.41 | 0.45 | 345,400 | |
08/29/2024 | 0.45 | 0.45 | 0.45 | 0.45 | 1.00 |
0.45 | 0.45 | 0.45 | 0.45 | 1.00 |
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MyTech Group Trading Date Momentum on August 29, 2024
On August 30 2024 MyTech Group Bhd was traded for 0.45 at the closing time. The highest price during the trading period was 0.45 and the lowest recorded bid was listed for 0.45 . There was no trading activity during the period 1.0. Lack of trading volume on August 30, 2024 did not cause price change. The trading delta at closing time to the current price is 6.67% . |
MyTech Group Bhd Fundamentals Correlations and Trends
By evaluating MyTech Group'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 MyTech Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MyTech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MyTech Group Stock history
MyTech Group 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 MyTech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MyTech Group 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 MyTech Group stock prices may prove useful in developing a viable investing in MyTech Group
MyTech Group Stock Technical Analysis
MyTech Group 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
MyTech Group Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
MyTech Group 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.
MyTech Group November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how MyTech Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MyTech Group shares will generate the highest return on investment. By undertsting and applying MyTech Group stock market strength indicators, traders can identify MyTech Group Bhd entry and exit signals to maximize returns
MyTech Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MyTech Group's price direction in advance. Along with the technical and fundamental analysis of MyTech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MyTech 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 | 0.0051 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.56) | |||
Treynor Ratio | 0.3875 |
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Other Information on Investing in MyTech Stock
MyTech Group financial ratios help investors to determine whether MyTech 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 MyTech with respect to the benefits of owning MyTech Group security.