Tex Cycle (Malaysia) Price on March 8, 2024
0089 Stock | 1.15 0.01 0.86% |
If you're considering investing in Tex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tex Cycle stands at 1.15, as last reported on the 14th of December 2024, with the highest price reaching 1.16 and the lowest price hitting 1.15 during the day. Tex Cycle Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0176, which indicates the firm had a -0.0176% return per unit of risk over the last 3 months. Tex Cycle Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tex Cycle's Variance of 2.49, risk adjusted performance of (0.01), and Coefficient Of Variation of (5,872) to confirm the risk estimate we provide.
Tex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tex |
Sharpe Ratio = -0.0176
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Negative Returns | 0089 |
Estimated Market Risk
1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.03 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 Tex Cycle 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 Tex Cycle by adding Tex Cycle to a well-diversified portfolio.
Tex Cycle Valuation on March 8, 2024
It is possible to determine the worth of Tex Cycle on a given historical date. On March 8, 2024 Tex was worth 0.74 at the beginning of the trading date compared to the closed value of 0.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tex Cycle stock. Still, in general, we apply an absolute valuation method to find Tex Cycle'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 Tex Cycle where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tex Cycle's related companies.
Open | High | Low | Close | Volume | |
0.74 | 0.74 | 0.73 | 0.73 | 109,500 | |
03/08/2024 | 0.74 | 0.76 | 0.74 | 0.75 | 398,800 |
0.76 | 0.79 | 0.76 | 0.78 | 2,633,900 |
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Tex Cycle Trading Date Momentum on March 8, 2024
On March 11 2024 Tex Cycle Technology was traded for 0.78 at the closing time. The highest price during the trading period was 0.79 and the lowest recorded bid was listed for 0.76 . The volume for the day was 2.6 M. This history from March 11, 2024 contributed to the next trading day price upswing. The daily price change to the next closing price was 4.00% . The trading price change to the current price is 17.33% . |
Tex Cycle Technology Fundamentals Correlations and Trends
By evaluating Tex Cycle'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 Tex Cycle's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tex Cycle Stock history
Tex Cycle 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 Tex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tex Cycle Technology 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 Tex Cycle stock prices may prove useful in developing a viable investing in Tex Cycle
Tex Cycle Stock Technical Analysis
Tex Cycle 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
Tex Cycle Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Tex Cycle Technology 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.
Tex Cycle December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Tex Cycle stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tex Cycle shares will generate the highest return on investment. By undertsting and applying Tex Cycle stock market strength indicators, traders can identify Tex Cycle Technology entry and exit signals to maximize returns
Tex Cycle Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tex Cycle's price direction in advance. Along with the technical and fundamental analysis of Tex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tex 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 | (0.01) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | 0.2436 |
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Other Information on Investing in Tex Stock
Tex Cycle financial ratios help investors to determine whether Tex 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 Tex with respect to the benefits of owning Tex Cycle security.