Thai Eastern (Thailand) Price on September 18, 2024
| TEGH Stock | 3.22 0.02 0.62% |
If you're considering investing in Thai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thai Eastern stands at 3.22, as last reported on the 23rd of November, with the highest price reaching 3.26 and the lowest price hitting 3.16 during the day. Thai Eastern Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0372, which indicates the firm had a -0.0372% return per unit of risk over the last 3 months. Thai Eastern Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Eastern's Variance of 8.51, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,940) to confirm the risk estimate we provide.
Thai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thai |
Sharpe Ratio = -0.0372
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| Negative Returns | TEGH |
Estimated Market Risk
| 2.9 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.11 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 Thai Eastern 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 Thai Eastern by adding Thai Eastern to a well-diversified portfolio.
Thai Eastern Valuation on September 18, 2024
It is possible to determine the worth of Thai Eastern on a given historical date. On September 18, 2024 Thai was worth 3.86 at the beginning of the trading date compared to the closed value of 3.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thai Eastern stock. Still, in general, we apply an absolute valuation method to find Thai Eastern'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 Thai Eastern where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thai Eastern's related companies.
| Open | High | Low | Close | Volume | |
| 3.88 | 3.96 | 3.84 | 3.86 | 12,234,610 | |
09/18/2024 | 3.86 | 3.94 | 3.76 | 3.82 | 11,893,717 |
| 3.84 | 3.92 | 3.78 | 3.84 | 9,159,203 |
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Thai Eastern Trading Date Momentum on September 18, 2024
| On September 19 2024 Thai Eastern Group was traded for 3.84 at the closing time. The highest price during the trading period was 3.92 and the lowest recorded bid was listed for 3.78 . The volume for the day was 9.2 M. This history from September 19, 2024 contributed to the next trading day price upswing. The trading price change to the next closing price was 0.52% . The trading price change to the current price is 2.09% . |
Thai Eastern Group Fundamentals Correlations and Trends
By evaluating Thai Eastern'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 Thai Eastern's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thai Eastern Stock history
Thai Eastern 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 Thai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thai Eastern Group 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 Thai Eastern stock prices may prove useful in developing a viable investing in Thai Eastern
Thai Eastern Stock Technical Analysis
Thai Eastern 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
Thai Eastern Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Thai Eastern Group 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.
Thai Eastern November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Thai Eastern stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thai Eastern shares will generate the highest return on investment. By undertsting and applying Thai Eastern stock market strength indicators, traders can identify Thai Eastern Group entry and exit signals to maximize returns
Thai Eastern Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thai Eastern's price direction in advance. Along with the technical and fundamental analysis of Thai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thai 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 | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.45) |
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Other Information on Investing in Thai Stock
Thai Eastern financial ratios help investors to determine whether Thai 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 Thai with respect to the benefits of owning Thai Eastern security.