Thai Rayon (Thailand) Price on December 16, 2024
| TR Stock | THB 38.75 0.00 0.00% |
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 Rayon stands at 38.75, as last reported on the 23rd of January, with the highest price reaching 38.75 and the lowest price hitting 38.75 during the day. Thai Rayon Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the firm had a -0.17 % return per unit of risk over the last 3 months. Thai Rayon Public exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Rayon's Coefficient Of Variation of (1,689), variance of 0.2227, and Risk Adjusted Performance of (0.06) 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 = -0.1742
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Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thai Rayon 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 Rayon by adding Thai Rayon to a well-diversified portfolio.
Thai Rayon Valuation on December 16, 2024
It is possible to determine the worth of Thai Rayon on a given historical date. On December 16, 2024 Thai was worth 39.0 at the beginning of the trading date compared to the closed value of 39.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thai Rayon stock. Still, in general, we apply an absolute valuation method to find Thai Rayon'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 Rayon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thai Rayon's related companies.
| Open | High | Low | Close | Volume | |
| 39.00 | 39.00 | 39.00 | 39.00 | 1.00 | |
12/16/2024 | 39.00 | 39.00 | 39.00 | 39.00 | 70,000 |
| 39.00 | 39.00 | 39.00 | 39.00 | 1.00 |
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Thai Rayon Trading Date Momentum on December 16, 2024
| On December 17 2024 Thai Rayon Public was traded for 39.00 at the closing time. The highest daily price throughout the period was 39.00 and the lowest price was 39.00 . There was no trading activity during the period 1.0. Lack of trading volume on 12/17/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.64% . |
Thai Rayon Public Fundamentals Correlations and Trends
By evaluating Thai Rayon'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 Rayon'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 Rayon Stock history
Thai Rayon 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 Rayon 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 Thai Rayon stock prices may prove useful in developing a viable investing in Thai Rayon
Thai Rayon Public Company Limited manufactures and sells viscose rayon staple fiber and anhydrous sodium sulphate products in Thailand. Thai Rayon Public Company Limited was incorporated in 1974 and is headquartered in Bangkok, Thailand. THAI RAYON operates under Textile Manufacturing classification in Thailand and is traded on Stock Exchange of Thailand.
Thai Rayon Stock Technical Analysis
Thai Rayon 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 Rayon Period Price Range
Low | January 23, 2025
| High |
0.00 | 0.00 |
Thai Rayon 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.
Thai Rayon January 23, 2025 Market Strength
Market strength indicators help investors to evaluate how Thai Rayon 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 Rayon shares will generate the highest return on investment. By undertsting and applying Thai Rayon stock market strength indicators, traders can identify Thai Rayon Public entry and exit signals to maximize returns
Thai Rayon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thai Rayon'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 | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 2.64 |
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Other Information on Investing in Thai Stock
Thai Rayon 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 Rayon security.