POSCO Thainox (Thailand) Price on November 15, 2024

INOX Stock  THB 0.48  0.01  2.04%   
If you're considering investing in POSCO Stock, it is important to understand the factors that can impact its price. As of today, the current price of POSCO Thainox stands at 0.48, as last reported on the 15th of December 2024, with the highest price reaching 0.49 and the lowest price hitting 0.47 during the day. POSCO Thainox Public maintains Sharpe Ratio (i.e., Efficiency) of -0.0553, which implies the firm had a -0.0553% return per unit of standard deviation over the last 3 months. POSCO Thainox Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POSCO Thainox's Coefficient Of Variation of (2,491), market risk adjusted performance of 0.7409, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
  
POSCO Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0553

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Estimated Market Risk

 2.39
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average POSCO Thainox 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 POSCO Thainox by adding POSCO Thainox to a well-diversified portfolio.

POSCO Thainox Valuation on November 15, 2024

It is possible to determine the worth of POSCO Thainox on a given historical date. On November 15, 2024 POSCO was worth 0.54 at the beginning of the trading date compared to the closed value of 0.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of POSCO Thainox stock. Still, in general, we apply an absolute valuation method to find POSCO Thainox'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 POSCO Thainox where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against POSCO Thainox's related companies.
 Open High Low Close Volume
  0.54    0.55    0.53    0.54    946,400  
11/15/2024
  0.54    0.55    0.52    0.53    1,160,802  
  0.52    0.53    0.51    0.52    392,441  
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Open Value
0.54
0.53
Closing Value
7.71
Upside

POSCO Thainox Trading Date Momentum on November 15, 2024

On November 18 2024 POSCO Thainox Public was traded for  0.52  at the closing time. The highest price during the trading period was 0.53  and the lowest recorded bid was listed for  0.51 . The volume for the day was 392.4 K. This history from November 18, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.89% . The trading delta at closing time to the current price is 1.89% .

POSCO Thainox Public Fundamentals Correlations and Trends

By evaluating POSCO Thainox'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 POSCO Thainox's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. POSCO financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About POSCO Thainox Stock history

POSCO Thainox 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 POSCO is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in POSCO Thainox 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 POSCO Thainox stock prices may prove useful in developing a viable investing in POSCO Thainox
POSCO-Thainox Public Company Limited produces, sells, and exports cold-rolled stainless steel products in Thailand and internationally. POSCO-Thainox Public Company Limited is a subsidiary of POSCO. POSCO THAINOX operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.

POSCO Thainox Stock Technical Analysis

POSCO Thainox 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.
A focus of POSCO Thainox technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of POSCO Thainox trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

POSCO Thainox Period Price Range

Low
December 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

POSCO Thainox 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.

POSCO Thainox December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how POSCO Thainox stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading POSCO Thainox shares will generate the highest return on investment. By undertsting and applying POSCO Thainox stock market strength indicators, traders can identify POSCO Thainox Public entry and exit signals to maximize returns

POSCO Thainox Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for POSCO Thainox's price direction in advance. Along with the technical and fundamental analysis of POSCO Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of POSCO 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.

Other Information on Investing in POSCO Stock

POSCO Thainox financial ratios help investors to determine whether POSCO 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 POSCO with respect to the benefits of owning POSCO Thainox security.