Tropical Canning (Thailand) Price on December 4, 2024
TC Stock | THB 7.25 0.30 4.32% |
If you're considering investing in Tropical Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tropical Canning stands at 7.25, as last reported on the 4th of December, with the highest price reaching 7.30 and the lowest price hitting 6.85 during the day. Tropical Canning Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0335, which indicates the firm had a -0.0335% return per unit of risk over the last 3 months. Tropical Canning Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tropical Canning's Coefficient Of Variation of (1,467), risk adjusted performance of (0.05), and Variance of 2.7 to confirm the risk estimate we provide.
Tropical Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tropical |
Sharpe Ratio = -0.0335
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Estimated Market Risk
1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tropical Canning 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 Tropical Canning by adding Tropical Canning to a well-diversified portfolio.
Tropical Canning Valuation on December 4, 2024
It is possible to determine the worth of Tropical Canning on a given historical date. On December 4, 2024 Tropical was worth 6.95 at the beginning of the trading date compared to the closed value of 7.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tropical Canning stock. Still, in general, we apply an absolute valuation method to find Tropical Canning'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 Tropical Canning where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tropical Canning's related companies.
Open | High | Low | Close | Volume | |
6.90 | 7.00 | 6.90 | 6.95 | 93,500 | |
12/04/2024 | 6.95 | 7.30 | 6.85 | 7.25 | 363,181 |
Backtest Tropical Canning | | | Tropical Canning History | | | Tropical Canning Valuation | Previous |
Tropical Canning Trading Date Momentum on December 4, 2024
On December 04 2024 Tropical Canning Public was traded for 7.25 at the closing time. The highest daily price throughout the period was 7.30 and the lowest price was 6.85 . The daily volume was 363.2 K. The net trading volume on 12/04/2024 did not result in any price rise and fall. The trading price change to current closing price is 4.14% . |
Tropical Canning Public Fundamentals Correlations and Trends
By evaluating Tropical Canning'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 Tropical Canning's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tropical financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tropical Canning Stock history
Tropical Canning 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 Tropical is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tropical Canning 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 Tropical Canning stock prices may prove useful in developing a viable investing in Tropical Canning
Tropical Canning Public Company Limited engages in the manufacturing and trading of canned and pouched seafood products in Thailand, rest of Asia, Africa, the Americas, Australia, and Europe. The company was incorporated in 1994 and is based in Hat Yai, Thailand. TROPICAL CANNING operates under Packaged Foods classification in Thailand and is traded on Stock Exchange of Thailand.
Tropical Canning Stock Technical Analysis
Tropical Canning 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
Tropical Canning Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Tropical Canning 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.
Tropical Canning December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Tropical Canning stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tropical Canning shares will generate the highest return on investment. By undertsting and applying Tropical Canning stock market strength indicators, traders can identify Tropical Canning Public entry and exit signals to maximize returns
Tropical Canning Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tropical Canning's price direction in advance. Along with the technical and fundamental analysis of Tropical Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tropical 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 | (0.08) | |||
Total Risk Alpha | (0.34) | |||
Treynor Ratio | 0.2946 |
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Other Information on Investing in Tropical Stock
Tropical Canning financial ratios help investors to determine whether Tropical 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 Tropical with respect to the benefits of owning Tropical Canning security.