Rayong Wire (Thailand) Today
| RWI Stock | THB 0.51 0.04 7.27% |
Performance0 of 100
| Odds Of DistressLess than 33
|
Rayong Wire is selling for 0.51 as of the 23rd of April 2024. This is a -7.27 percent down since the beginning of the trading day. The stock's last reported lowest price was 0.5. Rayong Wire has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Rayong Wire Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of June 2023 and ending today, the 23rd of April 2024. Click here to learn more.
Rayong Wire Industries Public Company Limited manufactures and distributes steel wire products primarily in Thailand. Rayong Wire Industries Public Company Limited is a subsidiary of Capital Engineering Network Public Company Limited. RAYONG WIRE operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.. The company has 915.28 M outstanding shares. More on Rayong Wire Industries
Moving together with Rayong Stock
| 0.8 | TSTH | Tata Steel Public | PairCorr |
| 0.73 | GJS | G J Steel | PairCorr |
| 0.92 | INOX | POSCO Thainox Public | PairCorr |
| 0.71 | TMT | TMT Steel Public | PairCorr |
| 0.9 | MILL | Millcon Steel Public | PairCorr |
| 0.89 | PAP | Pacific Pipe Public | PairCorr |
Moving against Rayong Stock
| 0.85 | MCS | MCS Steel Public | PairCorr |
| 0.84 | KKP | Kiatnakin Phatra Bank | PairCorr |
| 0.82 | SSSC | Siam Steel Service | PairCorr |
| 0.78 | HARN | Harn Engineering Sol | PairCorr |
| 0.7 | CHOW | Chow Steel Industries | PairCorr |
| 0.69 | TPIPP-R | TPI POLENE POWER | PairCorr |
| 0.6 | TQM-R | TQM PORATION | PairCorr |
Follow Valuation Odds of Bankruptcy
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Rayong Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Rayong Wire's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Rayong Wire or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Steel, Basic Materials (View all Sectors) |
Rayong Wire Industries (RWI) is traded on Thailand Exchange in Thailand and employs 10 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 997.65 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rayong Wire's market, we take the total number of its shares issued and multiply it by Rayong Wire's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Rayong Wire Industries operates under Basic Materials sector and is part of Steel industry. The entity has 915.28 M outstanding shares.
Rayong Wire Industries has accumulated about 411.23 M in cash with (66.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Rayong Wire Probability Of Bankruptcy
Ownership AllocationRayong Wire owns a total of 915.28 Million outstanding shares. Rayong Wire has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Rayong Ownership Details
Rayong Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Rayong Wire jumping above the current price in 90 days from now is about 98.0%. The Rayong Wire Industries probability density function shows the probability of Rayong Wire stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Rayong Wire has a beta of 0.1828 indicating as returns on the market go up, Rayong Wire average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Rayong Wire Industries will be expected to be much smaller as well. Additionally, rayong Wire Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Rayong Wire to move above the current price in 90 days from now is about 98.0 (This Rayong Wire Industries probability density function shows the probability of Rayong Stock to fall within a particular range of prices over 90 days) .
Rayong Wire Industries Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Rayong Wire market risk premium is the additional return an investor will receive from holding Rayong Wire long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Rayong Wire. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Rayong Wire's alpha and beta are two of the key measurements used to evaluate Rayong Wire's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.64 | |||
| Standard Deviation | 2.61 | |||
| Variance | 6.8 | |||
| Risk Adjusted Performance | (0.12) |
Rayong Stock Against Markets
Picking the right benchmark for Rayong Wire stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Rayong Wire stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Rayong Wire is critical whether you are bullish or bearish towards Rayong Wire Industries at a given time. Please also check how Rayong Wire's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Rayong Wire without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Rayong Wire Corporate Management
Elected by the shareholders, the Rayong Wire's board of directors comprises two types of representatives: Rayong Wire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rayong. The board's role is to monitor Rayong Wire's management team and ensure that shareholders' interests are well served. Rayong Wire's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rayong Wire's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nongnuch Kumchaithep | Sec Fin | Profile | |
| Sippawit Baodee | Ex Director | Profile | |
| Udom Tungdechteerachai | Director Director | Profile | |
| Jessada Sornsurk | Ex Director | Profile | |
| Kittiwut Kraiprasit | Ex Director | Profile | |
| Siam Sasanti | Ex Director | Profile |
How to buy Rayong Stock?
Before investing in Rayong Wire, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Rayong Wire. To buy Rayong Wire stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Rayong Wire. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Rayong Wire stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Rayong Wire Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Rayong Wire Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Rayong Wire Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Rayong Wire Industries?
The danger of trading Rayong Wire Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rayong Wire is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rayong Wire. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rayong Wire Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rayong Wire Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Rayong Stock analysis
When running Rayong Wire's price analysis, check to measure Rayong Wire'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 Rayong Wire is operating at the current time. Most of Rayong Wire's value examination focuses on studying past and present price action to predict the probability of Rayong Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rayong Wire's price. Additionally, you may evaluate how the addition of Rayong Wire to your portfolios can decrease your overall portfolio volatility.
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