Thai Oil (Thailand) Price on November 9, 2023

TOP Stock  THB 38.00  0.75  1.94%   
If you're considering investing in Thai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thai Oil stands at 38.00, as last reported on the 11th of December 2024, with the highest price reaching 38.75 and the lowest price hitting 37.75 during the day. Thai Oil Public owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Thai Oil Public exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thai Oil's Coefficient Of Variation of (454.78), risk adjusted performance of (0.15), and Variance of 4.14 to confirm the risk estimate we provide.
  
Thai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2333

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Estimated Market Risk

 2.04
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.48
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.23
  actual daily
0
Most of other assets perform better
Based on monthly moving average Thai Oil 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 Thai Oil by adding Thai Oil to a well-diversified portfolio.

Thai Oil Valuation on November 9, 2023

It is possible to determine the worth of Thai Oil on a given historical date. On November 9, 2023 Thai was worth 43.4 at the beginning of the trading date compared to the closed value of 43.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thai Oil stock. Still, in general, we apply an absolute valuation method to find Thai Oil'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 Thai Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thai Oil's related companies.
 Open High Low Close Volume
  44.10    44.33    43.63    43.87    9,182,900  
11/09/2023
  43.40    44.33    43.40    43.87    11,358,200  
  43.63    44.56    43.40    43.87    9,390,700  
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Open Value
43.4
43.87
Closing Value
49.52
Upside

Thai Oil Trading Date Momentum on November 9, 2023

On November 10 2023 Thai Oil Public was traded for  43.87  at the closing time. The maximum traded price for the trading interval was 44.56  and the lowest daily price was  43.40 . The daily volume was recorded at 9.4 M. The volume of trading on 10th of November 2023 did not result in any price rise and fall. The trading price change to the closing price today is 6.34% .

Thai Oil Public Fundamentals Correlations and Trends

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

About Thai Oil Stock history

Thai Oil 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 Thai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thai Oil 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 Thai Oil stock prices may prove useful in developing a viable investing in Thai Oil
Thai Oil Public Company Limited, together with its subsidiaries, engages in oil refining and distribution business in Thailand and internationally. Thai Oil Public Company Limited was founded in 1961 and is headquartered in Bangkok, Thailand. THAI OIL operates under Oil Gas Refining Marketing classification in Thailand and is traded on Stock Exchange of Thailand.

Thai Oil Stock Technical Analysis

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

Thai Oil Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Thai Oil 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.

Thai Oil December 11, 2024 Market Strength

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

Thai Oil Technical and Predictive Indicators

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

Thai Oil financial ratios help investors to determine whether Thai 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 Thai with respect to the benefits of owning Thai Oil security.