Hwa Fong (Thailand) Price on September 30, 2024
| HFT Stock | THB 4.16 0.08 1.89% |
If you're considering investing in Hwa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hwa Fong stands at 4.16, as last reported on the 27th of November, with the highest price reaching 4.28 and the lowest price hitting 4.14 during the day. Hwa Fong is out of control given 3 months investment horizon. Hwa Fong Rubber holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.39% are justified by taking the suggested risk. Use Hwa Fong Rubber market risk adjusted performance of (2.50), and Risk Adjusted Performance of (0.07) to evaluate company specific risk that cannot be diversified away.
Hwa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hwa |
Sharpe Ratio = 0.1125
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Estimated Market Risk
| 127.86 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Hwa Fong is performing at about 8% 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 Hwa Fong by adding it to a well-diversified portfolio.
Hwa Fong Valuation on September 30, 2024
It is possible to determine the worth of Hwa Fong on a given historical date. On September 30, 2024 Hwa was worth 4.62 at the beginning of the trading date compared to the closed value of 4.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hwa Fong stock. Still, in general, we apply an absolute valuation method to find Hwa Fong'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 Hwa Fong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hwa Fong's related companies.
| Open | High | Low | Close | Volume | |
| 4.66 | 4.66 | 4.66 | 4.66 | 1.00 | |
09/30/2024 | 4.62 | 4.66 | 4.62 | 4.66 | 268,924 |
| 4.66 | 4.76 | 4.66 | 4.68 | 288,808 |
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Hwa Fong Trading Date Momentum on September 30, 2024
| On October 01 2024 Hwa Fong Rubber was traded for 4.68 at the closing time. The maximum traded price for the trading interval was 4.76 and the lowest daily price was 4.66 . The daily volume was recorded at 288.8 K. The volume of trading on 1st of October 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 0.43% . The trading delta at closing time to the closing price today is 2.15% . |
Hwa Fong Rubber Fundamentals Correlations and Trends
By evaluating Hwa Fong'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 Hwa Fong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hwa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hwa Fong Stock history
Hwa Fong 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 Hwa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hwa Fong Rubber 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 Hwa Fong stock prices may prove useful in developing a viable investing in Hwa Fong
Hwa Fong Rubber Public Company Limited, together with its subsidiaries, manufactures and distributes tires and inner tubes in Thailand, rest of Asia, Europe, the United States, and internationally. Hwa Fong Rubber Public Company Limited is a subsidiary of Hwa Fong Rubber Industries Company Limited. HWA FONG operates under Rubber Plastics classification in Thailand and is traded on Stock Exchange of Thailand.
Hwa Fong Stock Technical Analysis
Hwa Fong 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
Hwa Fong Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Hwa Fong Rubber cannot be verified against its exchange. Please verify the symbol is currently traded on Thailand 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.
Hwa Fong November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Hwa Fong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hwa Fong shares will generate the highest return on investment. By undertsting and applying Hwa Fong stock market strength indicators, traders can identify Hwa Fong Rubber entry and exit signals to maximize returns
Hwa Fong Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hwa Fong's price direction in advance. Along with the technical and fundamental analysis of Hwa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hwa 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 | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (2.51) |
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| Volume Indicators |
Other Information on Investing in Hwa Stock
Hwa Fong financial ratios help investors to determine whether Hwa 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 Hwa with respect to the benefits of owning Hwa Fong security.