Thong Nhat (Vietnam) Price on December 20, 2024
| TNC Stock | 31,050 1,800 5.48% |
If you're considering investing in Thong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thong Nhat stands at 31,050, as last reported on the 22nd of December, with the highest price reaching 31,050 and the lowest price hitting 31,050 during the day. Thong Nhat Rubber owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Thong Nhat Rubber exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thong Nhat's Coefficient Of Variation of (1,919), variance of 16.71, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide.
Thong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thong |
Sharpe Ratio = -0.1095
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| Negative Returns | TNC |
Estimated Market Risk
| 4.08 actual daily | 36 64% of assets are more volatile |
Expected Return
| -0.45 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 Thong Nhat 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 Thong Nhat by adding Thong Nhat to a well-diversified portfolio.
Thong Nhat Valuation on December 20, 2024
It is possible to determine the worth of Thong Nhat on a given historical date. On December 20, 2024 Thong was worth 31050.0 at the beginning of the trading date compared to the closed value of 31050.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thong Nhat stock. Still, in general, we apply an absolute valuation method to find Thong Nhat'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 Thong Nhat where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thong Nhat's related companies.
| Open | High | Low | Close | Volume | |
| 32,850 | 32,850 | 32,850 | 32,850 | 1.00 | |
12/20/2024 | 31,050 | 31,050 | 31,050 | 31,050 | 1.00 |
| 31,050 | 31,050 | 31,050 | 31,050 | 0.00 |
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Thong Nhat Trading Date Momentum on December 20, 2024
| On December 22 2024 Thong Nhat Rubber was traded for 31,050 at the closing time. The maximum traded price for the trading interval was 31,050 and the lowest daily price was 31,050 . There was no trading activity during the period 0.0. Lack of trading volume on 22nd of December 2024 did not result in any price rise and fall. The trading price change to the closing price today is 0.00% . |
About Thong Nhat Stock history
Thong Nhat 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 Thong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thong Nhat Rubber 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 Thong Nhat stock prices may prove useful in developing a viable investing in Thong Nhat
Thong Nhat Stock Technical Analysis
Thong Nhat 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
Thong Nhat Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Thong Nhat Rubber cannot be verified against its exchange. Please verify the symbol is currently traded on Vietnam Stocks. 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.
Thong Nhat December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Thong Nhat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thong Nhat shares will generate the highest return on investment. By undertsting and applying Thong Nhat stock market strength indicators, traders can identify Thong Nhat Rubber entry and exit signals to maximize returns
Thong Nhat Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thong Nhat's price direction in advance. Along with the technical and fundamental analysis of Thong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thong 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 | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.3676 |
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Other Information on Investing in Thong Stock
Thong Nhat financial ratios help investors to determine whether Thong 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 Thong with respect to the benefits of owning Thong Nhat security.