ThaiDEX SET (Thailand) Price on December 13, 2024
1DIV Etf | THB 10.35 0.17 1.62% |
If you're considering investing in ThaiDEX Etf, it is important to understand the factors that can impact its price. As of today, the current price of ThaiDEX SET stands at 10.35, as last reported on the 22nd of December, with the highest price reaching 10.52 and the lowest price hitting 10.35 during the day. ThaiDEX SET High owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the etf had a -0.13% return per unit of risk over the last 3 months. ThaiDEX SET High exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate ThaiDEX SET's Variance of 0.6216, coefficient of variation of (845.10), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
ThaiDEX Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
ThaiDEX |
Sharpe Ratio = -0.1335
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Estimated Market Risk
0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
-0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ThaiDEX SET 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 ThaiDEX SET by adding ThaiDEX SET to a well-diversified portfolio.
ThaiDEX SET Valuation on December 13, 2024
It is possible to determine the worth of ThaiDEX SET on a given historical date. On December 13, 2024 ThaiDEX was worth 10.82 at the beginning of the trading date compared to the closed value of 10.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ThaiDEX SET etf. Still, in general, we apply an absolute valuation method to find ThaiDEX SET'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 ThaiDEX SET where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ThaiDEX SET's related companies.
Open | High | Low | Close | Volume | |
10.88 | 10.90 | 10.83 | 10.83 | 21,458 | |
12/13/2024 | 10.82 | 10.84 | 10.80 | 10.84 | 8,405 |
10.84 | 10.84 | 10.76 | 10.81 | 3,334 |
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ThaiDEX SET Trading Date Momentum on December 13, 2024
On December 16 2024 ThaiDEX SET High was traded for 10.81 at the closing time. The highest price during the trading period was 10.84 and the lowest recorded bid was listed for 10.76 . The volume for the day was 3.3 K. This history from December 16, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.28% . The trading price change to the current price is 2.95% . |
ThaiDEX SET High Fundamentals Correlations and Trends
By evaluating ThaiDEX SET'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 ThaiDEX SET's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ThaiDEX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ThaiDEX SET Etf history
ThaiDEX SET 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 ThaiDEX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ThaiDEX SET High 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 ThaiDEX SET stock prices may prove useful in developing a viable investing in ThaiDEX SET
ThaiDEX SET Etf Technical Analysis
ThaiDEX SET technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
ThaiDEX SET Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
ThaiDEX SET High 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.
ThaiDEX SET December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how ThaiDEX SET etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ThaiDEX SET shares will generate the highest return on investment. By undertsting and applying ThaiDEX SET etf market strength indicators, traders can identify ThaiDEX SET High entry and exit signals to maximize returns
ThaiDEX SET Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ThaiDEX SET's price direction in advance. Along with the technical and fundamental analysis of ThaiDEX Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of ThaiDEX 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 | (0.09) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.13) | |||
Treynor Ratio | (0.74) |
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Volume Indicators |
Other Information on Investing in ThaiDEX Etf
ThaiDEX SET financial ratios help investors to determine whether ThaiDEX Etf 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 ThaiDEX with respect to the benefits of owning ThaiDEX SET security.