Techno Medical (Thailand) Price on April 18, 2024
TM Stock | THB 1.10 0.04 3.77% |
If you're considering investing in Techno Stock, it is important to understand the factors that can impact its price. As of today, the current price of Techno Medical stands at 1.10, as last reported on the 21st of December, with the highest price reaching 1.10 and the lowest price hitting 1.05 during the day. Techno Medical Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Techno Medical Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Techno Medical's Risk Adjusted Performance of (0.11), coefficient of variation of (711.58), and Variance of 2.88 to confirm the risk estimate we provide.
Techno Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Techno |
Sharpe Ratio = -0.187
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Estimated Market Risk
1.69 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Techno Medical 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 Techno Medical by adding Techno Medical to a well-diversified portfolio.
Techno Medical Valuation on April 18, 2024
It is possible to determine the worth of Techno Medical on a given historical date. On April 18, 2024 Techno was worth 1.91 at the beginning of the trading date compared to the closed value of 1.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Techno Medical stock. Still, in general, we apply an absolute valuation method to find Techno Medical'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 Techno Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Techno Medical's related companies.
Open | High | Low | Close | Volume | |
1.93 | 1.93 | 1.87 | 1.88 | 84,911 | |
04/18/2024 | 1.91 | 1.91 | 1.88 | 1.89 | 57,400 |
1.92 | 1.92 | 1.86 | 1.86 | 71,801 |
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Techno Medical Trading Date Momentum on April 18, 2024
On April 19 2024 Techno Medical Public was traded for 1.86 at the closing time. The highest daily price throughout the period was 1.92 and the lowest price was 1.86 . The daily volume was 71.8 K. The net trading volume on 04/19/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 1.59% . The trading price change to current closing price is 0.00% . |
Techno Medical Public Fundamentals Correlations and Trends
By evaluating Techno Medical'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 Techno Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Techno financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Techno Medical Stock history
Techno Medical 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 Techno is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Techno Medical 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 Techno Medical stock prices may prove useful in developing a viable investing in Techno Medical
Techno Medical Public Company Limited trades in medical supplies, tools, and equipment in Thailand. Techno Medical Public Company Limited is based in Bangkok, Thailand. TECHNO MEDICAL operates under Medical Distribution classification in Thailand and is traded on Stock Exchange of Thailand.
Techno Medical Stock Technical Analysis
Techno Medical 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
Techno Medical Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
Techno Medical 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.
Techno Medical December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Techno Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Techno Medical shares will generate the highest return on investment. By undertsting and applying Techno Medical stock market strength indicators, traders can identify Techno Medical Public entry and exit signals to maximize returns
Techno Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Techno Medical's price direction in advance. Along with the technical and fundamental analysis of Techno Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Techno 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 | (0.11) | |||
Jensen Alpha | (0.26) | |||
Total Risk Alpha | (0.30) | |||
Treynor Ratio | (0.55) |
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Volume Indicators |
Other Information on Investing in Techno Stock
Techno Medical financial ratios help investors to determine whether Techno 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 Techno with respect to the benefits of owning Techno Medical security.