Thai Rung (Thailand) Price on October 31, 2023
| TRU Stock | THB 3.18 0.02 0.63% |
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 Rung stands at 3.18, as last reported on the 2nd of December, with the highest price reaching 3.18 and the lowest price hitting 3.14 during the day. Thai Rung is out of control given 3 months investment horizon. Thai Rung Union owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We are able to break down and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 15.9% are justified by taking the suggested risk. Use Thai Rung Union Risk Adjusted Performance of 0.0221, coefficient of variation of 3461.01, and Semi Deviation of 0.4891 to evaluate company specific risk that cannot be diversified away.
Thai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thai |
Sharpe Ratio = 0.1262
| Best Portfolio | Best Equity | TRU | ||
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Estimated Market Risk
| 125.99 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Thai Rung is performing at about 9% 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 Thai Rung by adding it to a well-diversified portfolio.
Thai Rung Valuation on October 31, 2023
It is possible to determine the worth of Thai Rung on a given historical date. On October 31, 2023 Thai was worth 3.33 at the beginning of the trading date compared to the closed value of 3.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thai Rung stock. Still, in general, we apply an absolute valuation method to find Thai Rung'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 Rung where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thai Rung's related companies.
| Open | High | Low | Close | Volume | |
| 3.25 | 3.29 | 3.23 | 3.29 | 89,000 | |
10/31/2023 | 3.33 | 3.37 | 3.25 | 3.31 | 87,902 |
| 3.31 | 3.31 | 3.27 | 3.29 | 20,718 |
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Thai Rung Trading Date Momentum on October 31, 2023
| On November 01 2023 Thai Rung Union was traded for 3.29 at the closing time. The maximum traded price for the trading interval was 3.31 and the lowest daily price was 3.27 . The daily volume was recorded at 20.7 K. The volume of trading on 1st of November 2023 played a part in the next trading day price drop. The trading price change to the next closing price was 0.60% . The trading price change to the closing price today is 0.60% . |
Thai Rung Union Fundamentals Correlations and Trends
By evaluating Thai Rung'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 Rung'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 Rung Stock history
Thai Rung 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 Rung Union 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 Rung stock prices may prove useful in developing a viable investing in Thai Rung
Thai Rung Union Car Public Company Limited engages in car assembly and modification, and the manufacture and distribution of parts and molds primarily in Thailand. The company was founded in 1967 and is based in Bangkok, Thailand. THAI RUNG operates under Auto Parts classification in Thailand and is traded on Stock Exchange of Thailand.
Thai Rung Stock Technical Analysis
Thai Rung 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 Rung Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Thai Rung Union 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 Rung December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Thai Rung 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 Rung shares will generate the highest return on investment. By undertsting and applying Thai Rung stock market strength indicators, traders can identify Thai Rung Union entry and exit signals to maximize returns
Thai Rung Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thai Rung'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 | 0.0221 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.3183 |
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Other Information on Investing in Thai Stock
Thai Rung 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 Rung security.