Trx Gold Corp Stock Price on April 29, 2024
If you're considering investing in TRX Stock, it is important to understand the factors that can impact its price. TRX Gold appears to be out of control, given 3 months investment horizon. TRX Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for TRX Gold Corp, which you can use to evaluate the volatility of the company. Please review TRX Gold's Semi Deviation of 0.853, coefficient of variation of 390.69, and Risk Adjusted Performance of 0.2066 to confirm if our risk estimates are consistent with your expectations.
TRX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TRX |
Sharpe Ratio = 0.256
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.28 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average TRX Gold is performing at about 20% 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 TRX 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
TRX Gold Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
TRX Gold Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
TRX Gold December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how TRX 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 TRX Gold shares will generate the highest return on investment. By undertsting and applying TRX Gold stock market strength indicators, traders can identify TRX Gold Corp entry and exit signals to maximize returns
TRX Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TRX Gold's price direction in advance. Along with the technical and fundamental analysis of TRX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TRX 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 | 0.2066 | |||
| Jensen Alpha | 0.3195 | |||
| Total Risk Alpha | 0.2825 | |||
| Sortino Ratio | 0.2517 | |||
| Treynor Ratio | (6.73) |
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Other Information on Investing in TRX Stock
TRX Gold financial ratios help investors to determine whether TRX 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 TRX with respect to the benefits of owning TRX Gold security.