Rayong Wire (Thailand) Price on April 20, 2023
RWI Stock | THB 0.51 0.01 1.92% |
If you're considering investing in Rayong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rayong Wire stands at 0.51, as last reported on the 11th of December 2024, with the highest price reaching 0.54 and the lowest price hitting 0.51 during the day. Rayong Wire Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.0526, which implies the firm had a -0.0526% return per unit of risk over the last 3 months. Rayong Wire Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rayong Wire's Risk Adjusted Performance of (0.02), variance of 8.75, and Coefficient Of Variation of (3,079) to confirm the risk estimate we provide.
Rayong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rayong |
Sharpe Ratio = -0.0526
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Estimated Market Risk
3.06 actual daily | 27 73% of assets are more volatile |
Expected Return
-0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rayong Wire 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 Rayong Wire by adding Rayong Wire to a well-diversified portfolio.
Rayong Wire Valuation on April 20, 2023
It is possible to determine the worth of Rayong Wire on a given historical date. On April 20, 2023 Rayong was worth 0.84 at the beginning of the trading date compared to the closed value of 0.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rayong Wire stock. Still, in general, we apply an absolute valuation method to find Rayong Wire'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 Rayong Wire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rayong Wire's related companies.
Open | High | Low | Close | Volume | |
0.84 | 0.85 | 0.83 | 0.83 | 335,600 | |
04/20/2023 | 0.84 | 0.84 | 0.82 | 0.82 | 339,800 |
0.82 | 0.83 | 0.81 | 0.82 | 232,300 |
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Rayong Wire Trading Date Momentum on April 20, 2023
On April 21 2023 Rayong Wire Industries was traded for 0.82 at the closing time. The maximum traded price for the trading interval was 0.83 and the lowest daily price was 0.81 . The daily volume was recorded at 232.3 K. The volume of trading on 21st of April 2023 did not cause price change. The trading delta at closing time to the closing price today is 6.10% . |
Rayong Wire Industries Fundamentals Correlations and Trends
By evaluating Rayong Wire'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 Rayong Wire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rayong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rayong Wire Stock history
Rayong Wire 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 Rayong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rayong Wire Industries 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 Rayong Wire stock prices may prove useful in developing a viable investing in Rayong Wire
Rayong Wire Industries Public Company Limited manufactures and distributes steel wire products primarily in Thailand. Rayong Wire Industries Public Company Limited is a subsidiary of Capital Engineering Network Public Company Limited. RAYONG WIRE operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.
Rayong Wire Stock Technical Analysis
Rayong Wire 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
Rayong Wire Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Rayong Wire Industries 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.
Rayong Wire December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Rayong Wire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rayong Wire shares will generate the highest return on investment. By undertsting and applying Rayong Wire stock market strength indicators, traders can identify Rayong Wire Industries entry and exit signals to maximize returns
Rayong Wire Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rayong Wire's price direction in advance. Along with the technical and fundamental analysis of Rayong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rayong 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 | (0.02) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.57) | |||
Treynor Ratio | 0.1494 |
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Other Information on Investing in Rayong Stock
Rayong Wire financial ratios help investors to determine whether Rayong 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 Rayong with respect to the benefits of owning Rayong Wire security.