TORM Plc (Denmark) Price on August 16, 2024

TRMD-A Stock  DKK 155.80  0.90  0.58%   
If you're considering investing in TORM Stock, it is important to understand the factors that can impact its price. As of today, the current price of TORM Plc stands at 155.80, as last reported on the 23rd of November, with the highest price reaching 156.70 and the lowest price hitting 152.30 during the day. TORM plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.33, which indicates the firm had a -0.33% return per unit of standard deviation over the last 3 months. TORM plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TORM Plc's risk adjusted performance of (0.24), and Variance of 4.18 to confirm the risk estimate we provide.
  
TORM Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.3312

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Estimated Market Risk

 2.05
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.68
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.33
  actual daily
0
Most of other assets perform better
Based on monthly moving average TORM Plc 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 TORM Plc by adding TORM Plc to a well-diversified portfolio.

TORM Plc Valuation on August 16, 2024

It is possible to determine the worth of TORM Plc on a given historical date. On August 16, 2024 TORM was worth 244.29 at the beginning of the trading date compared to the closed value of 241.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TORM Plc stock. Still, in general, we apply an absolute valuation method to find TORM Plc'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 TORM Plc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TORM Plc's related companies.
 Open High Low Close Volume
  244.10    247.53    237.24    242.95    289,085  
08/16/2024
  244.29    246.96    238.76    241.43    221,369  
  241.05    250.20    238.57    248.86    221,105  
Backtest TORM Plc  |  TORM Plc History  |  TORM Plc Valuation   PreviousNext  
Open Value
244.29
238.15
Downside
241.43
Closing Value
250.43
Upside

TORM Plc Trading Date Momentum on August 16, 2024

On August 19 2024 TORM plc was traded for  248.86  at the closing time. The highest price during the trading period was 250.20  and the lowest recorded bid was listed for  238.57 . The volume for the day was 221.1 K. This history from August 19, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 3.08% . The trading price change to the current price is 1.42% .

TORM plc Fundamentals Correlations and Trends

By evaluating TORM Plc'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 TORM Plc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TORM financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About TORM Plc Stock history

TORM Plc 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 TORM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TORM plc 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 TORM Plc stock prices may prove useful in developing a viable investing in TORM Plc
TORM plc, a product tanker company, transports refined oil products worldwide. The company was founded in 1889 and is based in London, the United Kingdom. TORM plc operates under Shipping Ports classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 447 people.

TORM Plc Stock Technical Analysis

TORM Plc 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.
A focus of TORM Plc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of TORM Plc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

TORM Plc Period Price Range

Low
November 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

TORM plc cannot be verified against its exchange. Please verify the symbol is currently traded on Copenhagen 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.

TORM Plc November 23, 2024 Market Strength

Market strength indicators help investors to evaluate how TORM Plc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TORM Plc shares will generate the highest return on investment. By undertsting and applying TORM Plc stock market strength indicators, traders can identify TORM plc entry and exit signals to maximize returns

TORM Plc Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for TORM Plc's price direction in advance. Along with the technical and fundamental analysis of TORM Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TORM 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.

Complementary Tools for TORM Stock analysis

When running TORM Plc's price analysis, check to measure TORM Plc'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 TORM Plc is operating at the current time. Most of TORM Plc's value examination focuses on studying past and present price action to predict the probability of TORM Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TORM Plc's price. Additionally, you may evaluate how the addition of TORM Plc to your portfolios can decrease your overall portfolio volatility.
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