Tong Hua (Thailand) Price on February 28, 2023
TH Stock | THB 0.72 0.03 4.00% |
If you're considering investing in Tong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tong Hua stands at 0.72, as last reported on the 11th of December 2024, with the highest price reaching 0.76 and the lowest price hitting 0.72 during the day. Tong Hua Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Tong Hua Holding exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tong Hua's Variance of 10.23, coefficient of variation of (671.88), and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide.
Tong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tong |
Sharpe Ratio = -0.1548
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Estimated Market Risk
3.24 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.5 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tong Hua 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 Tong Hua by adding Tong Hua to a well-diversified portfolio.
Tong Hua Valuation on February 28, 2023
It is possible to determine the worth of Tong Hua on a given historical date. On February 28, 2023 Tong was worth 2.06 at the beginning of the trading date compared to the closed value of 1.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tong Hua stock. Still, in general, we apply an absolute valuation method to find Tong Hua'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 Tong Hua where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tong Hua's related companies.
Open | High | Low | Close | Volume | |
2.12 | 2.16 | 2.04 | 2.04 | 14,658,435 | |
02/28/2023 | 2.06 | 2.10 | 1.95 | 1.96 | 30,667,552 |
1.85 | 2.28 | 1.85 | 2.14 | 46,121,823 |
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Tong Hua Trading Date Momentum on February 28, 2023
On March 01 2023 Tong Hua Holding was traded for 2.14 at the closing time. The highest daily price throughout the period was 2.28 and the lowest price was 1.85 . The daily volume was 46.1 M. The net trading volume on 03/01/2023 added to the next day price upswing. The trading price change to closing price of the next trading day was 9.18% . The trading price change to current closing price is 3.06% . |
Tong Hua Holding Fundamentals Correlations and Trends
By evaluating Tong Hua'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 Tong Hua's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tong Hua Stock history
Tong Hua 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 Tong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tong Hua Holding 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 Tong Hua stock prices may prove useful in developing a viable investing in Tong Hua
Tong Hua Holding Public Company Limited, through its subsidiaries, produces and distributes newspapers in Thailand. Tong Hua Holding Public Company Limited was founded in 1960 and is headquartered in Bangkok, Thailand. TONG HUA operates under Financial Conglomerates classification in Thailand and is traded on Stock Exchange of Thailand.
Tong Hua Stock Technical Analysis
Tong Hua 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
Tong Hua Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Tong Hua Holding 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.
Tong Hua December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Tong Hua stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tong Hua shares will generate the highest return on investment. By undertsting and applying Tong Hua stock market strength indicators, traders can identify Tong Hua Holding entry and exit signals to maximize returns
Tong Hua Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tong Hua's price direction in advance. Along with the technical and fundamental analysis of Tong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tong 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 | (0.1) | |||
Jensen Alpha | (0.48) | |||
Total Risk Alpha | (0.99) | |||
Treynor Ratio | 17.93 |
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Other Information on Investing in Tong Stock
Tong Hua financial ratios help investors to determine whether Tong 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 Tong with respect to the benefits of owning Tong Hua security.