Top Glove (Malaysia) Performance
| 7113 Stock | 1.16 0.07 6.42% |
On a scale of 0 to 100, Top Glove holds a performance score of 11. The entity has a beta of 1.48, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Top Glove will likely underperform. Please check Top Glove's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Top Glove's existing price patterns will revert.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Top Glove are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting basic indicators, Top Glove disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 875.2 M | |
| Total Cashflows From Investing Activities | 132.4 M |
Top |
Top Glove Relative Risk vs. Return Landscape
If you would invest 80.00 in Top Glove on March 16, 2024 and sell it today you would earn a total of 36.00 from holding Top Glove or generate 45.0% return on investment over 90 days. Top Glove is generating 0.7323% of daily returns and assumes 4.8223% volatility on return distribution over the 90 days horizon. Simply put, 42% of stocks are less volatile than Top, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Top Glove Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Top Glove's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Top Glove, and traders can use it to determine the average amount a Top Glove's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1519
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 7113 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.82 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Top Glove is performing at about 11% 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 Top Glove by adding it to a well-diversified portfolio.
Top Glove Fundamentals Growth
Top Stock prices reflect investors' perceptions of the future prospects and financial health of Top Glove, and Top Glove fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Top Stock performance.
| Return On Equity | -1.9 | |||
| Current Valuation | 6.2 B | |||
| Price To Book | 1.00 X | |||
| Price To Sales | 1.21 X | |||
| Revenue | 5.57 B | |||
| EBITDA | 705.14 M | |||
| Total Debt | 108.34 M | |||
| Cash Flow From Operations | 178.81 M | |||
| Total Asset | 8.12 B | |||
About Top Glove Performance
To evaluate Top Glove Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Top Glove generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Top Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Top Glove market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Top's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Things to note about Top Glove performance evaluation
Checking the ongoing alerts about Top Glove for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Top Glove help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Top Glove may become a speculative penny stock | |
| Top Glove appears to be risky and price may revert if volatility continues |
- Analyzing Top Glove's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Top Glove's stock is overvalued or undervalued compared to its peers.
- Examining Top Glove's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Top Glove's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Top Glove's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Top Glove's stock. These opinions can provide insight into Top Glove's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Top Stock
Top Glove financial ratios help investors to determine whether Top 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 Top with respect to the benefits of owning Top Glove security.