Tipco Asphalt (Thailand) Price on November 21, 2023

TASCO Stock  THB 18.10  0.20  1.09%   
If you're considering investing in Tipco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tipco Asphalt stands at 18.10, as last reported on the 2nd of February, with the highest price reaching 18.40 and the lowest price hitting 18.00 during the day. Tipco Asphalt Public owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Tipco Asphalt Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tipco Asphalt's Risk Adjusted Performance of 7.0E-4, variance of 2.25, and Coefficient Of Variation of (22,482) to confirm the risk estimate we provide.
  
Tipco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0044

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Estimated Market Risk

 1.5
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Tipco Asphalt 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 Tipco Asphalt by adding Tipco Asphalt to a well-diversified portfolio.

Tipco Asphalt Valuation on November 21, 2023

It is possible to determine the worth of Tipco Asphalt on a given historical date. On November 21, 2023 Tipco was worth 17.14 at the beginning of the trading date compared to the closed value of 16.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tipco Asphalt stock. Still, in general, we apply an absolute valuation method to find Tipco Asphalt'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 Tipco Asphalt where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tipco Asphalt's related companies.
 Open High Low Close Volume
  16.95    17.23    16.85    17.14    6,636,999  
11/21/2023
  17.14    17.14    16.76    16.85    9,051,712  
  16.85    16.85    16.57    16.66    4,692,284  
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Open Value
17.14
16.85
Closing Value
21.64
Upside

Tipco Asphalt Trading Date Momentum on November 21, 2023

On November 22 2023 Tipco Asphalt Public was traded for  16.66  at the closing time. The highest price during the trading period was 16.85  and the lowest recorded bid was listed for  16.57 . The volume for the day was 4.7 M. This history from November 22, 2023 contributed to the next trading day price decline. The trading price change to the next closing price was 1.13% . The trading price change to the current price is 8.37% .

Tipco Asphalt Public Fundamentals Correlations and Trends

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

About Tipco Asphalt Stock history

Tipco Asphalt 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 Tipco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tipco Asphalt 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 Tipco Asphalt stock prices may prove useful in developing a viable investing in Tipco Asphalt
Tipco Asphalt Public Company Limited, together with its subsidiaries, manufactures and distributes asphalt and petroleum products in Thailand and internationally. Tipco Asphalt Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand. TIPCO ASPHALT operates under Building Materials classification in Thailand and is traded on Stock Exchange of Thailand.

Tipco Asphalt Stock Technical Analysis

Tipco Asphalt 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 Tipco Asphalt technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tipco Asphalt 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

Tipco Asphalt Period Price Range

Low
February 2, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Tipco Asphalt 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.

Tipco Asphalt February 2, 2025 Market Strength

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

Tipco Asphalt Technical and Predictive Indicators

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

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