TCC Steel (Korea) Price on May 27, 2024
| 002710 Stock | 29,000 2,650 8.37% |
If you're considering investing in TCC Stock, it is important to understand the factors that can impact its price. As of today, the current price of TCC Steel stands at 29,000, as last reported on the 22nd of January, with the highest price reaching 31,350 and the lowest price hitting 28,850 during the day. TCC Steel Corp retains Efficiency (Sharpe Ratio) of -0.17, which indicates the company had a -0.17 % return per unit of volatility over the last 3 months. TCC Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TCC Steel's Information Ratio of (0.14), mean deviation of 3.04, and Market Risk Adjusted Performance of 1.07 to confirm the risk estimate we provide.
TCC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TCC |
Sharpe Ratio = -0.1672
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| Negative Returns | 002710 |
Estimated Market Risk
| 3.86 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.65 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TCC 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 TCC Steel by adding TCC Steel to a well-diversified portfolio.
TCC Steel Valuation on May 27, 2024
It is possible to determine the worth of TCC Steel on a given historical date. On May 27, 2024 TCC was worth 48509.24 at the beginning of the trading date compared to the closed value of 50254.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TCC Steel stock. Still, in general, we apply an absolute valuation method to find TCC 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 TCC Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TCC Steel's related companies.
| Open | High | Low | Close | Volume | |
| 46,216 | 49,157 | 45,767 | 48,958 | 381,365 | |
05/27/2024 | 48,509 | 50,354 | 46,914 | 50,254 | 301,284 |
| 49,556 | 49,756 | 46,814 | 47,113 | 290,155 |
| Backtest TCC Steel | | | TCC Steel History | Previous | Next |
TCC Steel Trading Date Momentum on May 27, 2024
| On May 28 2024 TCC Steel Corp was traded for 47,113 at the closing time. The highest price during the trading period was 49,756 and the lowest recorded bid was listed for 46,814 . The volume for the day was 290.2 K. This history from May 28, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 6.25% . The trading price change to the current price is 9.13% . |
Price Boundaries
TCC Steel Period Price Range
Low | January 22, 2025
| High |
0.00 | 0.00 |
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TCC Steel January 22, 2025 Market Strength
Market strength indicators help investors to evaluate how TCC 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 TCC Steel shares will generate the highest return on investment. By undertsting and applying TCC Steel stock market strength indicators, traders can identify TCC Steel Corp entry and exit signals to maximize returns
TCC Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TCC Steel's price direction in advance. Along with the technical and fundamental analysis of TCC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TCC 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 | (0.10) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 1.06 |
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Complementary Tools for TCC Stock analysis
When running TCC Steel's price analysis, check to measure TCC Steel'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 TCC Steel is operating at the current time. Most of TCC Steel's value examination focuses on studying past and present price action to predict the probability of TCC Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TCC Steel's price. Additionally, you may evaluate how the addition of TCC Steel to your portfolios can decrease your overall portfolio volatility.
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