TMT Steel (Thailand) Price on February 5, 2024
TMT Stock | THB 3.28 0.06 1.86% |
If you're considering investing in TMT Stock, it is important to understand the factors that can impact its price. As of today, the current price of TMT Steel stands at 3.28, as last reported on the 16th of December 2024, with the highest price reaching 3.30 and the lowest price hitting 3.26 during the day. TMT Steel Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of standard deviation over the last 3 months. TMT Steel Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TMT Steel's risk adjusted performance of (0.08), and Variance of 7.7 to confirm the risk estimate we provide.
TMT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TMT |
Sharpe Ratio = -0.1189
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Estimated Market Risk
2.88 actual daily | 25 75% of assets are more volatile |
Expected Return
-0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TMT Steel is not performing at its full potential. However, 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 TMT Steel by adding TMT Steel to a well-diversified portfolio.
TMT Steel Valuation on February 5, 2024
It is possible to determine the worth of TMT Steel on a given historical date. On February 5, 2024 TMT was worth 5.63 at the beginning of the trading date compared to the closed value of 5.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TMT Steel stock. Still, in general, we apply an absolute valuation method to find TMT Steel'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 TMT Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TMT Steel's related companies.
Open | High | Low | Close | Volume | |
5.58 | 5.67 | 5.58 | 5.58 | 61,400 | |
02/05/2024 | 5.63 | 5.63 | 5.48 | 5.53 | 106,500 |
5.53 | 5.58 | 5.48 | 5.58 | 36,100 |
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TMT Steel Trading Date Momentum on February 5, 2024
On February 06 2024 TMT Steel Public was traded for 5.58 at the closing time. The maximum traded price for the trading interval was 5.58 and the lowest daily price was 5.48 . The daily volume was recorded at 36.1 K. The volume of trading on 6th of February 2024 played a part in the next trading day price upswing. The trading price change to the next closing price was 0.90% . The trading price change to the closing price today is 0.90% . |
TMT Steel Public Fundamentals Correlations and Trends
By evaluating TMT Steel'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 TMT Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TMT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TMT Steel Stock history
TMT Steel 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 TMT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TMT Steel Public 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 TMT Steel stock prices may prove useful in developing a viable investing in TMT Steel
Tmt Steel Public Company Limited sells and transforms structural steel, plates, and sheets primarily in Thailand. Tmt Steel Public Company Limited was founded in 1992 and is headquartered in Bangkok, Thailand. TMT STEEL operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.
TMT Steel Stock Technical Analysis
TMT Steel 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
TMT Steel Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
TMT Steel Public 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.
TMT Steel December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how TMT Steel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TMT Steel shares will generate the highest return on investment. By undertsting and applying TMT Steel stock market strength indicators, traders can identify TMT Steel Public entry and exit signals to maximize returns
TMT Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TMT Steel's price direction in advance. Along with the technical and fundamental analysis of TMT Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TMT 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 | (0.08) | |||
Jensen Alpha | (0.34) | |||
Total Risk Alpha | (0.69) | |||
Treynor Ratio | 4.35 |
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Volume Indicators |
Other Information on Investing in TMT Stock
TMT Steel financial ratios help investors to determine whether TMT 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 TMT with respect to the benefits of owning TMT Steel security.