Tanke Biosciences Stock Price on September 1, 2023
| TNBI Stock | USD 0.02 0.01 33.33% |
If you're considering investing in Tanke Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Tanke Biosciences stands at 0.02, as last reported on the 26th of December, with the highest price reaching 0.02 and the lowest price hitting 0.02 during the day. Tanke Biosciences is out of control given 3 months investment horizon. Tanke Biosciences owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have analyzed twenty-seven different technical indicators, which can help you to evaluate if expected returns of 6.64% are justified by taking the suggested risk. Use Tanke Biosciences Risk Adjusted Performance of 0.1057, semi deviation of 11.31, and Coefficient Of Variation of 833.73 to evaluate company specific risk that cannot be diversified away.
Tanke Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Tanke |
Sharpe Ratio = 0.1228
| Best Portfolio | Best Equity | TNBI | ||
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Estimated Market Risk
| 54.09 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Tanke Biosciences is performing at about 9% of its full potential. 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 Tanke Biosciences by adding it to a well-diversified portfolio.
Tanke Biosciences Valuation on September 1, 2023
It is possible to determine the worth of Tanke Biosciences on a given historical date. On September 1, 2023 Tanke was worth 0.09 at the beginning of the trading date compared to the closed value of 0.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tanke Biosciences pink sheet. Still, in general, we apply an absolute valuation method to find Tanke Biosciences' 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 Tanke Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tanke Biosciences' related companies.
| Open | High | Low | Close | Volume | |
| 0.09 | 0.09 | 0.09 | 0.09 | 4,000 | |
09/01/2023 | 0.09 | 0.09 | 0.09 | 0.09 | 1.00 |
| 0.08 | 0.09 | 0.08 | 0.09 | 15,200 |
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Tanke Biosciences Trading Date Momentum on September 1, 2023
| On September 05 2023 Tanke Biosciences was traded for 0.09 at the closing time. The top price for the day was 0.09 and the lowest listed price was 0.08 . The trading volume for the day was 15.2 K. The trading history from September 5, 2023 did not result in any price rise and fall. The trading price change against the current closing price is 0.00% . |
Tanke Biosciences Fundamentals Correlations and Trends
By evaluating Tanke Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tanke Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tanke financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tanke Biosciences Pink Sheet history
Tanke Biosciences 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 Tanke is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tanke Biosciences 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 Tanke Biosciences stock prices may prove useful in developing a viable investing in Tanke Biosciences
Tanke Biosciences Corporation, through its subsidiaries, develops, produces, markets, and sells animal nutrition and feed additive products. Tanke Biosciences Corporation was founded in 1989 and is headquartered in Guangzhou, the Peoples Republic of China. TANKE BIOSCIENCES operates under Shell Companies classification in the United States and is traded on OTC Exchange. It employs 130 people.
Tanke Biosciences Pink Sheet Technical Analysis
Tanke Biosciences technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Tanke Biosciences Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
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Tanke Biosciences December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Tanke Biosciences pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tanke Biosciences shares will generate the highest return on investment. By undertsting and applying Tanke Biosciences pink sheet market strength indicators, traders can identify Tanke Biosciences entry and exit signals to maximize returns
Tanke Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tanke Biosciences' price direction in advance. Along with the technical and fundamental analysis of Tanke Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tanke 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 | 0.1057 | |||
| Jensen Alpha | 6.2 | |||
| Total Risk Alpha | 4.03 | |||
| Sortino Ratio | 0.1568 | |||
| Treynor Ratio | 1.68 |
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Complementary Tools for Tanke Pink Sheet analysis
When running Tanke Biosciences' price analysis, check to measure Tanke Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tanke Biosciences is operating at the current time. Most of Tanke Biosciences' value examination focuses on studying past and present price action to predict the probability of Tanke Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tanke Biosciences' price. Additionally, you may evaluate how the addition of Tanke Biosciences to your portfolios can decrease your overall portfolio volatility.
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