Tata Textile (Pakistan) Price on June 27, 2024
TATM Stock | 49.00 0.25 0.51% |
If you're considering investing in Tata Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tata Textile stands at 49.00, as last reported on the 29th of November, with the highest price reaching 50.95 and the lowest price hitting 49.00 during the day. Tata Textile Mills owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0118, which indicates the firm had a -0.0118% return per unit of risk over the last 3 months. Tata Textile Mills exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tata Textile's Risk Adjusted Performance of (0.02), variance of 14.56, and Coefficient Of Variation of (2,577) to confirm the risk estimate we provide.
Tata Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tata |
Sharpe Ratio = -0.0118
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Estimated Market Risk
3.94 actual daily | 35 65% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tata Textile 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 Tata Textile by adding Tata Textile to a well-diversified portfolio.
Tata Textile Valuation on June 27, 2024
It is possible to determine the worth of Tata Textile on a given historical date. On June 27, 2024 Tata was worth 60.5 at the beginning of the trading date compared to the closed value of 60.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tata Textile stock. Still, in general, we apply an absolute valuation method to find Tata Textile'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 Tata Textile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tata Textile's related companies.
Open | High | Low | Close | Volume | |
60.00 | 60.00 | 58.01 | 58.17 | 1,239 | |
06/27/2024 | 60.50 | 60.50 | 57.57 | 60.33 | 531.00 |
60.00 | 65.75 | 60.00 | 63.59 | 13,660 |
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Tata Textile Trading Date Momentum on June 27, 2024
On June 28 2024 Tata Textile Mills was traded for 63.59 at the closing time. The highest price during the trading period was 65.75 and the lowest recorded bid was listed for 60.00 . The volume for the day was 13.7 K. This history from June 28, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 5.40% . The trading price change to the current price is 4.34% . |
About Tata Textile Stock history
Tata Textile 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 Tata is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tata Textile Mills 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 Tata Textile stock prices may prove useful in developing a viable investing in Tata Textile
Tata Textile Stock Technical Analysis
Tata Textile 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
Tata Textile Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Tata Textile Mills cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock 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.
Tata Textile November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Tata Textile stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tata Textile shares will generate the highest return on investment. By undertsting and applying Tata Textile stock market strength indicators, traders can identify Tata Textile Mills entry and exit signals to maximize returns
Tata Textile Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tata Textile's price direction in advance. Along with the technical and fundamental analysis of Tata Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tata 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 | (0.09) | |||
Total Risk Alpha | (0.73) | |||
Treynor Ratio | 0.2855 |
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When running Tata Textile's price analysis, check to measure Tata Textile'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 Tata Textile is operating at the current time. Most of Tata Textile's value examination focuses on studying past and present price action to predict the probability of Tata Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tata Textile's price. Additionally, you may evaluate how the addition of Tata Textile to your portfolios can decrease your overall portfolio volatility.
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