Thatta Cement (Pakistan) Price on November 3, 2023
| THCCL Stock | 130.71 14.29 9.86% |
If you're considering investing in Thatta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thatta Cement stands at 130.71, as last reported on the 27th of November, with the highest price reaching 146.98 and the lowest price hitting 130.50 during the day. Thatta Cement is very steady given 3 months investment horizon. Thatta Cement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.32, which indicates the firm had a 0.32% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.51% are justified by taking the suggested risk. Use Thatta Cement Semi Deviation of 2.33, risk adjusted performance of 0.2931, and Coefficient Of Variation of 268.34 to evaluate company specific risk that cannot be diversified away.
Thatta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thatta |
Sharpe Ratio = 0.316
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| Average Returns | THCCL | |||
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Estimated Market Risk
| 4.77 actual daily | 42 58% of assets are more volatile |
Expected Return
| 1.51 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 24 76% of assets perform better |
Based on monthly moving average Thatta Cement is performing at about 24% of its full potential. 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 Thatta Cement by adding it to a well-diversified portfolio.
Thatta Cement Valuation on November 3, 2023
It is possible to determine the worth of Thatta Cement on a given historical date. On November 3, 2023 Thatta was worth 16.7 at the beginning of the trading date compared to the closed value of 16.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thatta Cement stock. Still, in general, we apply an absolute valuation method to find Thatta Cement'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 Thatta Cement where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thatta Cement's related companies.
| Open | High | Low | Close | Volume | |
| 16.68 | 16.92 | 16.49 | 16.70 | 494,000 | |
11/03/2023 | 16.70 | 16.70 | 16.28 | 16.38 | 237,000 |
| 16.44 | 17.08 | 16.38 | 16.74 | 2,382,500 |
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Thatta Cement Trading Date Momentum on November 3, 2023
| On November 06 2023 Thatta Cement was traded for 16.74 at the closing time. The highest price during the trading period was 17.08 and the lowest recorded bid was listed for 16.38 . The volume for the day was 2.4 M. This history from November 6, 2023 contributed to the next trading day price upswing. The trading price change to the next closing price was 2.20% . The trading price change to the current price is 2.26% . |
About Thatta Cement Stock history
Thatta Cement 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 Thatta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thatta Cement 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 Thatta Cement stock prices may prove useful in developing a viable investing in Thatta Cement
Thatta Cement Stock Technical Analysis
Thatta Cement 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
Thatta Cement Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Thatta Cement 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.
Thatta Cement November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Thatta Cement stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thatta Cement shares will generate the highest return on investment. By undertsting and applying Thatta Cement stock market strength indicators, traders can identify Thatta Cement entry and exit signals to maximize returns
Thatta Cement Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thatta Cement's price direction in advance. Along with the technical and fundamental analysis of Thatta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thatta 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 | 0.2931 | |||
| Jensen Alpha | 1.72 | |||
| Total Risk Alpha | 0.9563 | |||
| Sortino Ratio | 0.5018 | |||
| Treynor Ratio | (2.67) |
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Other Information on Investing in Thatta Stock
Thatta Cement financial ratios help investors to determine whether Thatta 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 Thatta with respect to the benefits of owning Thatta Cement security.