Unimit Engineering (Thailand) Price on December 15, 2023

UEC Stock  THB 1.22  0.01  0.81%   
If you're considering investing in Unimit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Unimit Engineering stands at 1.22, as last reported on the 27th of December, with the highest price reaching 1.24 and the lowest price hitting 1.21 during the day. Unimit Engineering Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.25, which indicates the firm had a -0.25% return per unit of risk over the last 3 months. Unimit Engineering Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unimit Engineering's Coefficient Of Variation of (840.62), risk adjusted performance of (0.09), and Variance of 2.4 to confirm the risk estimate we provide.
  
Unimit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.25

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Estimated Market Risk

 1.3
  actual daily
11
89% of assets are more volatile

Expected Return

 -0.32
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.25
  actual daily
0
Most of other assets perform better
Based on monthly moving average Unimit Engineering 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 Unimit Engineering by adding Unimit Engineering to a well-diversified portfolio.

Unimit Engineering Valuation on December 15, 2023

It is possible to determine the worth of Unimit Engineering on a given historical date. On December 15, 2023 Unimit was worth 1.4 at the beginning of the trading date compared to the closed value of 1.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Unimit Engineering stock. Still, in general, we apply an absolute valuation method to find Unimit Engineering'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 Unimit Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Unimit Engineering's related companies.
 Open High Low Close Volume
  1.35    1.42    1.35    1.41    432,400  
12/15/2023
  1.40    1.41    1.38    1.39    278,800  
  1.36    1.39    1.36    1.38    505,100  
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Open Value
1.4
1.39
Closing Value
5.29
Upside

Unimit Engineering Trading Date Momentum on December 15, 2023

On December 18 2023 Unimit Engineering Public was traded for  1.38  at the closing time. The maximum traded price for the trading interval was 1.39  and the lowest daily price was  1.36 . The daily volume was recorded at 505.1 K. The volume of trading on 18th of December 2023 played a part in the next trading day price drop. The trading price change to the next closing price was 0.72% . The trading price change to the closing price today is 2.88% .

Unimit Engineering Public Fundamentals Correlations and Trends

By evaluating Unimit Engineering'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 Unimit Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Unimit financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Unimit Engineering Stock history

Unimit Engineering 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 Unimit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Unimit Engineering 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 Unimit Engineering stock prices may prove useful in developing a viable investing in Unimit Engineering
Unimit Engineering Public Company Limited, together with its subsidiaries, engages in the design, shop fabrication, field installation, and erection of steel products and construction works in Thailand and internationally. Unimit Engineering Public Company Limited was founded in 1982 and is headquartered in Phrapradaeng, Thailand. UNIMIT ENGINEERING operates under Metal Fabrication classification in Thailand and is traded on Stock Exchange of Thailand.

Unimit Engineering Stock Technical Analysis

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

Unimit Engineering Period Price Range

Low
December 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Unimit Engineering 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.

Unimit Engineering December 27, 2024 Market Strength

Market strength indicators help investors to evaluate how Unimit Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Unimit Engineering shares will generate the highest return on investment. By undertsting and applying Unimit Engineering stock market strength indicators, traders can identify Unimit Engineering Public entry and exit signals to maximize returns

Unimit Engineering Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Unimit Engineering's price direction in advance. Along with the technical and fundamental analysis of Unimit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Unimit 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 Unimit Stock

Unimit Engineering financial ratios help investors to determine whether Unimit 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 Unimit with respect to the benefits of owning Unimit Engineering security.