Thermax (India) Price on November 12, 2024
| THERMAX Stock | 4,905 108.95 2.27% |
Below is the normalized historical share price chart for Thermax Limited extending back to June 14, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Thermax stands at 4,905, as last reported on the 17th of December 2024, with the highest price reaching 4,919 and the lowest price hitting 4,782 during the day.
If you're considering investing in Thermax Stock, it is important to understand the factors that can impact its price. Thermax Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0332, which indicates the firm had a -0.0332% return per unit of risk over the last 3 months. Thermax Limited exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermax's Semi Deviation of 2.17, risk adjusted performance of 0.0583, and Coefficient Of Variation of 1407.86 to confirm the risk estimate we provide.
Common Stock is likely to rise to about 205.5 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 23.1 B in 2024. . Thermax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 4.8 K | 50 Day MA 4.9 K | Beta 0.402 |
Thermax |
Sharpe Ratio = -0.0332
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | THERMAX |
Estimated Market Risk
| 2.22 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thermax 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 Thermax by adding Thermax to a well-diversified portfolio.
Price Book 11.6803 | Enterprise Value Ebitda 41.6249 | Price Sales 5.7698 | Shares Float 32.5 M | Wall Street Target Price 4.4 K |
Thermax Main Headline on 12th of November 2024
Thermax Posts Strong Q2 Profit, Outshines Expectations - Fin... by news.google.com
Thermax Posts Strong Q2 Profit, Outshines Expectations Finimize
Thermax Valuation on November 12, 2024
It is possible to determine the worth of Thermax on a given historical date. On November 12, 2024 Thermax was worth 5280.0 at the beginning of the trading date compared to the closed value of 5100.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thermax stock. Still, in general, we apply an absolute valuation method to find Thermax'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 Thermax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thermax's related companies.
| Open | High | Low | Close | Volume | |
| 5,109 | 5,288 | 5,086 | 5,245 | 58,397 | |
11/12/2024 | 5,280 | 5,355 | 5,095 | 5,100 | 71,629 |
| 5,105 | 5,108 | 4,888 | 4,922 | 40,951 |
| Backtest Thermax | | | Thermax History | | | Thermax Valuation | Previous | Next |
Thermax Trading Date Momentum on November 12, 2024
| On November 13 2024 Thermax Limited was traded for 4,922 at the closing time. The highest price during the trading period was 5,108 and the lowest recorded bid was listed for 4,888 . The volume for the day was 41 K. This history from November 13, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 3.49% . The trading price change to the current price is 14.34% . |
Thermax Limited Fundamentals Correlations and Trends
By evaluating Thermax'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 Thermax's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thermax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thermax Stock history
Thermax 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 Thermax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thermax Limited 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 Thermax stock prices may prove useful in developing a viable investing in Thermax
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 112.7 M | 93 M | |
| Net Income Applicable To Common Shares | 5.2 B | 3 B |
Thermax Quarterly Net Working Capital |
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Thermax Stock Technical Analysis
Thermax 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
Thermax Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
Thermax Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. 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.
Thermax December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Thermax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thermax shares will generate the highest return on investment. By undertsting and applying Thermax stock market strength indicators, traders can identify Thermax Limited entry and exit signals to maximize returns
Thermax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thermax's price direction in advance. Along with the technical and fundamental analysis of Thermax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thermax 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 | 0.0583 | |||
| Jensen Alpha | 0.1317 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0375 | |||
| Treynor Ratio | 0.4167 |
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Additional Tools for Thermax Stock Analysis
When running Thermax's price analysis, check to measure Thermax'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 Thermax is operating at the current time. Most of Thermax's value examination focuses on studying past and present price action to predict the probability of Thermax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermax's price. Additionally, you may evaluate how the addition of Thermax to your portfolios can decrease your overall portfolio volatility.