Thai Rung Union Car Public Company Limited Approves Dividend for the Year 2023, Payable on 24 May 2024 - Marketscreener.com
| TRU Stock | THB 3.18 0.02 0.63% |
About 55% of Thai Rung's institutional investors are presently thinking to get in. The analysis of current outlook of investing in Thai Rung Union suggests that some traders are interested regarding Thai Rung's prospects. Thai Rung's investing sentiment shows overall attitude of investors towards Thai Rung Union.
Thai |
Thai Rung Union Car Public Company Limited Approves Dividend for the Year 2023, Payable on 24 May 2024 Marketscreener.com
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Thai Rung Fundamental Analysis
We analyze Thai Rung's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thai Rung using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thai Rung based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Thai Rung is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Thai Rung Union Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Thai Rung stock to make a market-neutral strategy. Peer analysis of Thai Rung could also be used in its relative valuation, which is a method of valuing Thai Rung by comparing valuation metrics with similar companies.
Peers
Thai Rung Related Equities
| CPN | Central Pattana | 0.84 | ||||
| CPALL | CP ALL | 0.81 | ||||
| AOT | Airports | 0.82 | ||||
| BDMS | Bangkok Dusit | 1.94 |
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.