Eastern Technical (Thailand) Price on October 10, 2023

ETE Stock  THB 0.89  0.03  3.26%   
If you're considering investing in Eastern Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eastern Technical stands at 0.89, as last reported on the 4th of December, with the highest price reaching 0.92 and the lowest price hitting 0.88 during the day. Eastern Technical secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Eastern Technical Engineering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastern Technical's Variance of 3.83, standard deviation of 1.96, and Mean Deviation of 1.45 to check the risk estimate we provide.
  
Eastern Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1061

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Estimated Market Risk

 2.0
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.21
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Eastern Technical 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 Eastern Technical by adding Eastern Technical to a well-diversified portfolio.

Eastern Technical Valuation on October 10, 2023

It is possible to determine the worth of Eastern Technical on a given historical date. On October 10, 2023 Eastern was worth 0.93 at the beginning of the trading date compared to the closed value of 0.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eastern Technical stock. Still, in general, we apply an absolute valuation method to find Eastern Technical'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 Eastern Technical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eastern Technical's related companies.
 Open High Low Close Volume
  0.99    0.99    0.91    0.92    1,026,922  
10/10/2023
  0.93    0.96    0.88    0.91    1,091,700  
  0.91    1.00    0.91    0.99    1,528,650  
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Open Value
0.93
0.91
Closing Value
6.92
Upside

Eastern Technical Trading Date Momentum on October 10, 2023

On October 11 2023 Eastern Technical Engineering was traded for  0.99  at the closing time. The maximum traded price for the trading interval was 1.00  and the lowest daily price was  0.91 . The daily volume was recorded at 1.5 M. The volume of trading on 11th of October 2023 played a part in the next trading day price upswing. The overall trading delta to the next closing price was 8.79% . The overall trading delta to the closing price today is 3.30% .

Eastern Technical Fundamentals Correlations and Trends

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

About Eastern Technical Stock history

Eastern Technical 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 Eastern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eastern Technical 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 Eastern Technical stock prices may prove useful in developing a viable investing in Eastern Technical
Eastern Technical Engineering Public Company Limited provides installation services for telecommunication and electricity transmission networks in Thailand. Eastern Technical Engineering Public Company Limited was incorporated in 1997 and is based in Bangkok, Thailand. EASTERN TECHNICAL operates under Conglomerates classification in Thailand and is traded on Stock Exchange of Thailand.

Eastern Technical Stock Technical Analysis

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

Eastern Technical Period Price Range

Low
December 4, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Eastern Technical Engineering 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.

Eastern Technical December 4, 2024 Market Strength

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

Eastern Technical Technical and Predictive Indicators

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

Eastern Technical financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Technical security.