Tnr Gold Corp Stock Price on March 31, 2023
If you're considering investing in TNR Stock, it is important to understand the factors that can impact its price. TNR Gold appears to be out of control, given 3 months investment horizon. TNR Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0598, which indicates the firm had a 0.0598% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for TNR Gold Corp, which you can use to evaluate the volatility of the company. Please review TNR Gold's risk adjusted performance of 0.0555, and Coefficient Of Variation of 1672.13 to confirm if our risk estimates are consistent with your expectations.
TNR Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TNR |
Sharpe Ratio = 0.0598
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.18 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average TNR Gold is performing at about 4% 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 TNR Gold by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
TNR Gold Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
TNR Gold Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
TNR Gold December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how TNR Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TNR Gold shares will generate the highest return on investment. By undertsting and applying TNR Gold stock market strength indicators, traders can identify TNR Gold Corp entry and exit signals to maximize returns
TNR Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TNR Gold's price direction in advance. Along with the technical and fundamental analysis of TNR Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TNR 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 | 0.0555 | |||
| Jensen Alpha | 0.2362 | |||
| Total Risk Alpha | 0.1229 | |||
| Sortino Ratio | 0.0231 | |||
| Treynor Ratio | 1.45 |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Other Tools for TNR Stock
When running TNR Gold's price analysis, check to measure TNR Gold's 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 TNR Gold is operating at the current time. Most of TNR Gold's value examination focuses on studying past and present price action to predict the probability of TNR Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TNR Gold's price. Additionally, you may evaluate how the addition of TNR Gold to your portfolios can decrease your overall portfolio volatility.
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