Texchem Resources (Malaysia) Price on October 22, 2024
| 8702 Stock | 0.80 0.01 1.23% |
If you're considering investing in Texchem Stock, it is important to understand the factors that can impact its price. As of today, the current price of Texchem Resources stands at 0.80, as last reported on the 1st of December, with the highest price reaching 0.82 and the lowest price hitting 0.80 during the day. Texchem Resources Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Texchem Resources Bhd exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texchem Resources' Coefficient Of Variation of (733.64), variance of 2.5, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide.
Texchem Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Texchem |
Sharpe Ratio = -0.1492
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| Negative Returns | 8702 |
Estimated Market Risk
| 1.6 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Texchem Resources 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 Texchem Resources by adding Texchem Resources to a well-diversified portfolio.
Texchem Resources Valuation on October 22, 2024
It is possible to determine the worth of Texchem Resources on a given historical date. On October 22, 2024 Texchem was worth 0.9 at the beginning of the trading date compared to the closed value of 0.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Texchem Resources stock. Still, in general, we apply an absolute valuation method to find Texchem 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 Texchem Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Texchem Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.90 | 0.90 | 0.90 | 0.90 | 15,600 | |
10/22/2024 | 0.90 | 0.90 | 0.90 | 0.90 | 1.00 |
| 0.90 | 0.91 | 0.90 | 0.90 | 111,700 |
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Texchem Resources Trading Date Momentum on October 22, 2024
| On October 23 2024 Texchem Resources Bhd was traded for 0.90 at the closing time. The highest price during the trading period was 0.91 and the lowest recorded bid was listed for 0.90 . The volume for the day was 111.7 K. This history from October 23, 2024 did not result in any price rise and fall. The trading price change to the current price is 1.11% . |
Price Boundaries
Texchem Resources Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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Texchem Resources December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Texchem 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 Texchem Resources shares will generate the highest return on investment. By undertsting and applying Texchem Resources stock market strength indicators, traders can identify Texchem Resources Bhd entry and exit signals to maximize returns
Texchem Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Texchem Resources' price direction in advance. Along with the technical and fundamental analysis of Texchem Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Texchem 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.