2023, Green Steel Market Research Overview 2030 - Digital Journal
| TSC Stock | THB 14.70 0.10 0.68% |
About 55% of Thai Steel's institutional investors are presently thinking to get in. The analysis of current outlook of investing in Thai Steel Cable suggests that some traders are interested regarding Thai Steel's prospects. Thai Steel's investing sentiment shows overall attitude of investors towards Thai Steel Cable.
Thai |
2023, Green Steel Market Research Overview 2030 Digital Journal
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Thai Steel Fundamental Analysis
We analyze Thai Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thai Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thai Steel 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.
Z Score
Z Score Comparative Analysis
Thai Steel is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Thai Steel Cable 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 Steel stock to make a market-neutral strategy. Peer analysis of Thai Steel could also be used in its relative valuation, which is a method of valuing Thai Steel by comparing valuation metrics with similar companies.
Peers
Thai Steel Related Equities
| ADVANC | Advanced Info | 0.71 |
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| CPALL | CP ALL | 0.80 |
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| CPN | Central Pattana | 1.23 |
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| BDMS | Bangkok Dusit | 1.90 |
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Other Information on Investing in Thai Stock
Thai Steel 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 Steel security.