Top Glove Stock Market Value
| TGLVY Stock | USD 0.65 0.16 19.75% |
| Symbol | Top |
Top GloveBhd 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Top GloveBhd's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Top GloveBhd.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Top GloveBhd on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Top Glove or generate 0.0% return on investment in Top GloveBhd over 30 days. Top GloveBhd is related to or competes with Sysmex Corp, Straumann Holding, Coloplast, Essilor International, EssilorLuxottica, Milestone Scientific, and Retractable Technologies. Top Glove Corporation Bhd., an investment holding company, researches, develops, manufactures, and trades in gloves and ... More
Top GloveBhd Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Top GloveBhd's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Top Glove upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 40.49 | |||
| Value At Risk | (10.10) | |||
| Potential Upside | 12.22 |
Top GloveBhd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Top GloveBhd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Top GloveBhd's standard deviation. In reality, there are many statistical measures that can use Top GloveBhd historical prices to predict the future Top GloveBhd's volatility.| Risk Adjusted Performance | 0.0036 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Top GloveBhd's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Top GloveBhd Backtested Returns
Top GloveBhd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0339, which indicates the firm had a -0.0339% return per unit of risk over the last 3 months. Top Glove exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Top GloveBhd's Coefficient Of Variation of (13,933), variance of 64.81, and Risk Adjusted Performance of 0.0036 to confirm the risk estimate we provide. The entity has a beta of 0.96, which indicates possible diversification benefits within a given portfolio. Top GloveBhd returns are very sensitive to returns on the market. As the market goes up or down, Top GloveBhd is expected to follow. At this point, Top GloveBhd has a negative expected return of -0.24%. Please make sure to validate Top GloveBhd's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Top GloveBhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Top Glove has good reverse predictability. Overlapping area represents the amount of predictability between Top GloveBhd time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Top GloveBhd price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Top GloveBhd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Top GloveBhd lagged returns against current returns
Autocorrelation, which is Top GloveBhd pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Top GloveBhd's pink sheet expected returns. We can calculate the autocorrelation of Top GloveBhd returns to help us make a trade decision. For example, suppose you find that Top GloveBhd has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Top GloveBhd regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Top GloveBhd pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Top GloveBhd pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Top GloveBhd pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Top GloveBhd Lagged Returns
When evaluating Top GloveBhd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Top GloveBhd pink sheet have on its future price. Top GloveBhd autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Top GloveBhd autocorrelation shows the relationship between Top GloveBhd pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Top Glove.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Top Pink Sheet Analysis
When running Top GloveBhd's price analysis, check to measure Top GloveBhd's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Top GloveBhd is operating at the current time. Most of Top GloveBhd's value examination focuses on studying past and present price action to predict the probability of Top GloveBhd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Top GloveBhd's price. Additionally, you may evaluate how the addition of Top GloveBhd to your portfolios can decrease your overall portfolio volatility.