Techno Medical (Thailand) Price on July 5, 2023
If you're considering investing in Techno Stock, it is important to understand the factors that can impact its price. Techno Medical Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.36, which indicates the firm had a -0.36% return per unit of risk over the last 3 months. Techno Medical Public exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Techno Medical's Coefficient Of Variation of (279.14), risk adjusted performance of (0.28), and Variance of 2.66 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 = -0.3582
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TM |
Estimated Market Risk
| 1.63 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.58 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.36 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.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
| NVDA | NVIDIA | |
| CRESY | Cresud SACIF y | |
| GOOG | Alphabet Inc Class C |
Price Boundaries
Techno Medical Period Price Range
Low | January 2, 2025
| 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 January 2, 2025 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 | (0.28) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (2.41) |
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| Math Transform | ||
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| Overlap Studies | ||
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| Statistic Functions | ||
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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.