Thai Nippon (Thailand) Technical Analysis
| TNR Stock | THB 8.95 0.25 1.10% |
As of the 26th of April, Thai Nippon has the Variance of 1.99, risk adjusted performance of (0), and Coefficient Of Variation of (7,555). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Thai Nippon Rubber, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Thai Nippon Rubber, which can be compared to its competition. Please validate Thai Nippon Rubber variance, treynor ratio, and the relationship between the standard deviation and information ratio to decide if Thai Nippon is priced more or less accurately, providing market reflects its prevalent price of 9.0 per share.
Thai Nippon Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Thai, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ThaiThai |
Thai Nippon 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.
Thai Nippon Rubber Technical Analysis
The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Thai Nippon Rubber volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Thai Nippon Rubber Trend Analysis
Use this graph to draw trend lines for Thai Nippon Rubber. You can use it to identify possible trend reversals for Thai Nippon as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Thai Nippon price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Thai Nippon Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Thai Nippon Rubber applied against its price change over selected period. The best fit line has a slop of 0 , which means Thai Nippon Rubber will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.18, which is the sum of squared deviations for the predicted Thai Nippon price change compared to its average price change.About Thai Nippon Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Thai Nippon Rubber on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Thai Nippon Rubber based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Thai Nippon Rubber price pattern first instead of the macroeconomic environment surrounding Thai Nippon Rubber. By analyzing Thai Nippon's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Thai Nippon's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Thai Nippon specific price patterns or momentum indicators. Please read more on our technical analysis page.
Thai Nippon April 26, 2024 Technical Indicators
Most technical analysis of Thai help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Thai from various momentum indicators to cycle indicators. When you analyze Thai charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.1879 | |||
| Mean Deviation | 0.9727 | |||
| Coefficient Of Variation | (7,555) | |||
| Standard Deviation | 1.41 | |||
| Variance | 1.99 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.1779 | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 2.72 | |||
| Skewness | (0.39) | |||
| Kurtosis | 0.9364 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thai Nippon Rubber. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Thai Stock analysis
When running Thai Nippon's price analysis, check to measure Thai Nippon'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 Thai Nippon is operating at the current time. Most of Thai Nippon's value examination focuses on studying past and present price action to predict the probability of Thai Nippon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Nippon's price. Additionally, you may evaluate how the addition of Thai Nippon to your portfolios can decrease your overall portfolio volatility.
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