Modernform Group (Thailand) Price on August 19, 2023

MODERN Stock  THB 2.46  0.00  0.00%   
If you're considering investing in Modernform Stock, it is important to understand the factors that can impact its price. As of today, the current price of Modernform Group stands at 2.46, as last reported on the 11th of December 2024, with the highest price reaching 2.46 and the lowest price hitting 2.46 during the day. Modernform Group Public has Sharpe Ratio of -0.0391, which conveys that the firm had a -0.0391% return per unit of risk over the last 3 months. Modernform Group exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Modernform Group's Mean Deviation of 0.9255, standard deviation of 1.37, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide.
  
Modernform Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0391

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Estimated Market Risk

 1.42
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Modernform Group 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 Modernform Group by adding Modernform Group to a well-diversified portfolio.

Modernform Group Valuation on August 19, 2023

It is possible to determine the worth of Modernform Group on a given historical date. On August 19, 2023 Modernform was worth 2.76 at the beginning of the trading date compared to the closed value of 2.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Modernform Group stock. Still, in general, we apply an absolute valuation method to find Modernform Group'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 Modernform Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Modernform Group's related companies.
 Open High Low Close Volume
  2.78    2.78    2.70    2.74    72,600  
08/18/2023
  2.76    2.76    2.76    2.76    100.00  
  2.70    2.78    2.70    2.74    201,206  
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Open Value
2.76
2.76
Closing Value
7.01
Upside

Modernform Group Trading Date Momentum on August 19, 2023

On August 21 2023 Modernform Group Public was traded for  2.74  at the closing time. The highest price during the trading period was 2.78  and the lowest recorded bid was listed for  2.70 . The volume for the day was 201.2 K. This history from August 21, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.72% . The trading delta at closing time to the current price is 0.72% .

Modernform Group Public Fundamentals Correlations and Trends

By evaluating Modernform Group'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 Modernform Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Modernform financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Modernform Group Stock history

Modernform Group 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 Modernform is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Modernform Group Public 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 Modernform Group stock prices may prove useful in developing a viable investing in Modernform Group
Modernform Group Public Company Limited manufactures and distributes residential and office furniture in Thailand. In addition, it offers office space rental distributes health and care products, tools, and equipment and provides landscape and interior design services. MODERNFORM GROUP operates under Home Furnishings Fixtures classification in Thailand and is traded on Stock Exchange of Thailand.

Modernform Group Stock Technical Analysis

Modernform Group 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.
A focus of Modernform Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Modernform Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Modernform Group Period Price Range

Low
December 11, 2024
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High

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Modernform Group Public 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.

Modernform Group December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Modernform Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Modernform Group shares will generate the highest return on investment. By undertsting and applying Modernform Group stock market strength indicators, traders can identify Modernform Group Public entry and exit signals to maximize returns

Modernform Group Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Modernform Group's price direction in advance. Along with the technical and fundamental analysis of Modernform Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Modernform 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.

Complementary Tools for Modernform Stock analysis

When running Modernform Group's price analysis, check to measure Modernform Group'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 Modernform Group is operating at the current time. Most of Modernform Group's value examination focuses on studying past and present price action to predict the probability of Modernform Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modernform Group's price. Additionally, you may evaluate how the addition of Modernform Group to your portfolios can decrease your overall portfolio volatility.
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