Thermax (India) Price on November 22, 2024

THERMAX Stock   4,140  78.65  1.94%   
If you're considering investing in Thermax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thermax stands at 4,140, as last reported on the 5th of January, with the highest price reaching 4,317 and the lowest price hitting 4,090 during the day. Thermax Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Thermax Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermax's Coefficient Of Variation of (778.41), variance of 5.26, and Risk Adjusted Performance of (0.1) to confirm the risk estimate we provide.
  
Thermax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1285

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Estimated Market Risk

 2.29
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.29
  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 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.

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Thermax Valuation on November 22, 2024

It is possible to determine the worth of Thermax on a given historical date. On November 22, 2024 Thermax was worth 4368.75 at the beginning of the trading date compared to the closed value of 4475.55. 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
  4,550    4,585    4,311    4,375    293,790  
11/22/2024
  4,369    4,535    4,329    4,476    151,009  
  4,505    4,586    4,357    4,494    464,659  
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Open Value
4368.75
4475.55
Closing Value
4,376
Upside

Thermax Trading Date Momentum on November 22, 2024

On November 25 2024 Thermax Limited was traded for  4,494  at the closing time. The highest price during the trading period was 4,586  and the lowest recorded bid was listed for  4,357 . The volume for the day was 464.7 K. This history from November 25, 2024 contributed to the next trading day price jump. The trading price change to the next closing price was 0.41% . The trading price change to the current price is 2.70% .

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

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.
A focus of Thermax technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thermax 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

Thermax Period Price Range

Low
January 5, 2025
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High

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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 January 5, 2025 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.

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.