THRACE PLASTICS (Germany) Price on November 18, 2024
| TP3 Stock | EUR 3.94 0.02 0.51% |
If you're considering investing in THRACE Stock, it is important to understand the factors that can impact its price. As of today, the current price of THRACE PLASTICS stands at 3.94, as last reported on the 24th of December, with the highest price reaching 3.94 and the lowest price hitting 3.92 during the day. At this point, THRACE PLASTICS is somewhat reliable. THRACE PLASTICS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0186, which indicates the firm had a 0.0186% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for THRACE PLASTICS, which you can use to evaluate the volatility of the company. Please validate THRACE PLASTICS's risk adjusted performance of 0.0231, and Coefficient Of Variation of 4092.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.024%.
THRACE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
THRACE |
Sharpe Ratio = 0.0186
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TP3 |
Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average THRACE PLASTICS is performing at about 1% of its full potential. 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 THRACE PLASTICS by adding it to a well-diversified portfolio.
THRACE PLASTICS Valuation on November 18, 2024
It is possible to determine the worth of THRACE PLASTICS on a given historical date. On November 18, 2024 THRACE was worth 3.99 at the beginning of the trading date compared to the closed value of 4.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of THRACE PLASTICS stock. Still, in general, we apply an absolute valuation method to find THRACE PLASTICS'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 THRACE PLASTICS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against THRACE PLASTICS's related companies.
| Open | High | Low | Close | Volume | |
| 3.96 | 3.99 | 3.92 | 3.99 | 1.00 | |
11/18/2024 | 3.99 | 4.01 | 3.96 | 4.00 | 1.00 |
| 4.00 | 4.03 | 3.86 | 3.95 | 1.00 |
| Backtest THRACE PLASTICS | | | THRACE PLASTICS History | | | THRACE PLASTICS Valuation | Previous | Next |
THRACE PLASTICS Trading Date Momentum on November 18, 2024
| On November 19 2024 THRACE PLASTICS was traded for 3.95 at the closing time. The maximum traded price for the trading interval was 4.03 and the lowest daily price was 3.86 . There was no trading activity during the period 1.0. Lack of trading volume on 19th of November 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 1.25% . The trading price change to the closing price today is 2.75% . |
THRACE PLASTICS Fundamentals Correlations and Trends
By evaluating THRACE PLASTICS'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 THRACE PLASTICS's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. THRACE financial account trend analysis is a perfect complement when working with valuation or volatility modules.About THRACE PLASTICS Stock history
THRACE PLASTICS 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 THRACE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in THRACE PLASTICS 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 THRACE PLASTICS stock prices may prove useful in developing a viable investing in THRACE PLASTICS
THRACE PLASTICS Stock Technical Analysis
THRACE PLASTICS 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
THRACE PLASTICS Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
THRACE PLASTICS cannot be verified against its exchange. Please verify the symbol is currently traded on Berlin 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.
THRACE PLASTICS December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how THRACE PLASTICS stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading THRACE PLASTICS shares will generate the highest return on investment. By undertsting and applying THRACE PLASTICS stock market strength indicators, traders can identify THRACE PLASTICS entry and exit signals to maximize returns
THRACE PLASTICS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for THRACE PLASTICS's price direction in advance. Along with the technical and fundamental analysis of THRACE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of THRACE 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 | 0.0231 | |||
| Jensen Alpha | 0.0167 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.11 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for THRACE Stock analysis
When running THRACE PLASTICS's price analysis, check to measure THRACE PLASTICS'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 THRACE PLASTICS is operating at the current time. Most of THRACE PLASTICS's value examination focuses on studying past and present price action to predict the probability of THRACE PLASTICS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move THRACE PLASTICS's price. Additionally, you may evaluate how the addition of THRACE PLASTICS to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |