Thatta Cement (Pakistan) Price on October 9, 2024
| THCCL Stock | 186.70 20.61 9.94% |
If you're considering investing in Thatta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thatta Cement stands at 186.70, as last reported on the 11th of December 2024, with the highest price reaching 205.90 and the lowest price hitting 186.58 during the day. Thatta Cement is very steady given 3 months investment horizon. Thatta Cement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.41, which indicates the firm had a 0.41% return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.22% are justified by taking the suggested risk. Use Thatta Cement Semi Deviation of 3.46, coefficient of variation of 246.85, and Risk Adjusted Performance of 0.3013 to evaluate company specific risk that cannot be diversified away.
Thatta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thatta |
Sharpe Ratio = 0.4088
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Estimated Market Risk
| 5.44 actual daily | 48 52% of assets are more volatile |
Expected Return
| 2.22 actual daily | 44 56% of assets have higher returns |
Risk-Adjusted Return
| 0.41 actual daily | 32 68% of assets perform better |
Based on monthly moving average Thatta Cement is performing at about 32% 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 Thatta Cement by adding it to a well-diversified portfolio.
Thatta Cement Valuation on October 9, 2024
It is possible to determine the worth of Thatta Cement on a given historical date. On October 9, 2024 Thatta was worth 82.45 at the beginning of the trading date compared to the closed value of 86.82. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thatta Cement stock. Still, in general, we apply an absolute valuation method to find Thatta Cement'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 Thatta Cement where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thatta Cement's related companies.
| Open | High | Low | Close | Volume | |
| 79.86 | 82.15 | 77.95 | 80.97 | 2,483,356 | |
10/09/2024 | 82.45 | 88.43 | 82.40 | 86.82 | 2,020,681 |
| 86.13 | 86.54 | 83.65 | 84.90 | 647,478 |
| Backtest Thatta Cement | | | Thatta Cement History | | | Thatta Cement Valuation | Previous | Next |
Thatta Cement Trading Date Momentum on October 9, 2024
| On October 10 2024 Thatta Cement was traded for 84.90 at the closing time. The highest price during the trading period was 86.54 and the lowest recorded bid was listed for 83.65 . The volume for the day was 647.5 K. This history from October 10, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 2.21% . The trading price change to the current price is 23.29% . |
About Thatta Cement Stock history
Thatta Cement 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 Thatta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thatta Cement 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 Thatta Cement stock prices may prove useful in developing a viable investing in Thatta Cement
Thatta Cement Stock Technical Analysis
Thatta Cement 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
Thatta Cement Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Thatta Cement cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock 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.
Thatta Cement December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Thatta Cement stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thatta Cement shares will generate the highest return on investment. By undertsting and applying Thatta Cement stock market strength indicators, traders can identify Thatta Cement entry and exit signals to maximize returns
Thatta Cement Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thatta Cement's price direction in advance. Along with the technical and fundamental analysis of Thatta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thatta 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 | 0.3013 | |||
| Jensen Alpha | 2.26 | |||
| Total Risk Alpha | 1.3 | |||
| Sortino Ratio | 0.4529 | |||
| Treynor Ratio | (2.11) |
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Other Information on Investing in Thatta Stock
Thatta Cement financial ratios help investors to determine whether Thatta 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 Thatta with respect to the benefits of owning Thatta Cement security.