Fortune Parts (Thailand) Price on December 12, 2024
| FPI Stock | THB 1.94 0.05 2.51% |
If you're considering investing in Fortune Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortune Parts stands at 1.94, as last reported on the 13th of December 2024, with the highest price reaching 1.98 and the lowest price hitting 1.92 during the day. Fortune Parts Industry secures Sharpe Ratio (or Efficiency) of -0.0658, which denotes the company had a -0.0658% return per unit of risk over the last 3 months. Fortune Parts Industry exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortune Parts' Mean Deviation of 0.828, variance of 1.8, and Standard Deviation of 1.34 to check the risk estimate we provide.
Fortune Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortune |
Sharpe Ratio = -0.0658
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Estimated Market Risk
| 1.38 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortune Parts 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 Fortune Parts by adding Fortune Parts to a well-diversified portfolio.
Fortune Parts Valuation on December 12, 2024
It is possible to determine the worth of Fortune Parts on a given historical date. On December 12, 2024 Fortune was worth 1.98 at the beginning of the trading date compared to the closed value of 1.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortune Parts stock. Still, in general, we apply an absolute valuation method to find Fortune Parts' 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 Fortune Parts where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortune Parts' related companies.
| Open | High | Low | Close | Volume | |
| 1.95 | 1.99 | 1.95 | 1.99 | 67,600 | |
12/12/2024 | 1.98 | 1.98 | 1.92 | 1.94 | 61,320 |
| Backtest Fortune Parts | | | Fortune Parts History | | | Fortune Parts Valuation | Previous |
Fortune Parts Trading Date Momentum on December 12, 2024
| On December 12 2024 Fortune Parts Industry was traded for 1.94 at the closing time. The maximum traded price for the trading interval was 1.98 and the lowest daily price was 1.92 . The daily volume was recorded at 61.3 K. The volume of trading on 12th of December 2024 did not affect price variability. The overall trading delta to the closing price today is 2.06% . |
Fortune Parts Industry Fundamentals Correlations and Trends
By evaluating Fortune Parts' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortune Parts' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortune financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortune Parts Stock history
Fortune Parts 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 Fortune is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortune Parts Industry 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 Fortune Parts stock prices may prove useful in developing a viable investing in Fortune Parts
Fortune Parts Industry Public Company Limited manufactures and distributes automotive replacement parts in Thailand, the Kingdom of Saudi Arabia, and internationally. Fortune Parts Industry Public Company Limited was founded in 1991 and is based in Lam Luk Ka, Thailand. FORTUNE PARTS operates under Auto Parts classification in Thailand and is traded on Stock Exchange of Thailand.
Fortune Parts Stock Technical Analysis
Fortune Parts 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
Fortune Parts Period Price Range
Low | December 13, 2024
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0.00 | 0.00 |
Fortune Parts Industry 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.
Fortune Parts December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortune Parts stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortune Parts shares will generate the highest return on investment. By undertsting and applying Fortune Parts stock market strength indicators, traders can identify Fortune Parts Industry entry and exit signals to maximize returns
Fortune Parts Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortune Parts' price direction in advance. Along with the technical and fundamental analysis of Fortune Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortune 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 | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.59) |
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Other Information on Investing in Fortune Stock
Fortune Parts financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Parts security.