Techno Medical (Thailand) Price on August 16, 2023

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 22nd 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 Variance of 2.88, coefficient of variation of (711.58), and Risk Adjusted Performance of (0.11) 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.

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 August 16, 2023

It is possible to determine the worth of Techno Medical on a given historical date. On August 16, 2023 Techno was worth 2.24 at the beginning of the trading date compared to the closed value of 2.14. 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
  2.18    2.24    2.14    2.22    42,510  
08/16/2023
  2.24    2.24    2.14    2.14    62,406  
  2.20    2.20    2.14    2.18    11,100  
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Open Value
2.24
2.14
Closing Value
7.30
Upside

Techno Medical Trading Date Momentum on August 16, 2023

On August 17 2023 Techno Medical Public was traded for  2.18  at the closing time. The highest daily price throughout the period was 2.20  and the lowest price was  2.14 . The daily volume was 11.1 K. The net trading volume on 08/17/2023 added to the next day price upswing. The trading price change to closing price of the next trading day was 1.87% . The trading price change to current closing price is 4.67% .

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

Techno Medical Period Price Range

Low
December 22, 2024
0.00  NaN%
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 22, 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.

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.