Should you drop your Tenax (NASDAQ:TENX) position after the current rise?
 | By Vlad Skutelnik | Macroaxis Story |
41% of stocks are less volatile than Tenax, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. As many conservative investors are still indifferent towards current market risk, it is prudent, from our point of view, to break down Tenax Therapeutics' current volatility. We will go over odds for Tenax Therapeutics to generate above-average margins in two-three weeks. The current above-average Tenax Therapeutics' volatility may impact the value of the stock as we project Tenax Therapeutics as currently undervalued. The real value, according to our calculations, is approaching 3.82 per share.
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Reviewed by Raphi Shpitalnik
This firm conducts business under Healthcare sector and is part of Biotechnology industry. Volatility is a rate at which the price of Tenax Therapeutics or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Tenax Therapeutics may increase or decrease. In other words, similar to Tenax's beta indicator, it measures the risk of Tenax Therapeutics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Tenax Therapeutics fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.
How important is Tenax Therapeutics's Liquidity
Tenax Therapeutics financial leverage refers to using borrowed capital as a funding source to finance Tenax Therapeutics ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Tenax Therapeutics financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Tenax Therapeutics' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Tenax Therapeutics' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Tenax Therapeutics's total debt and its cash.
Tenax Therapeutics Gross Profit
Tenax Therapeutics Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Tenax Therapeutics previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Tenax Therapeutics Gross Profit growth over the last 10 years. Please check Tenax Therapeutics' gross profit and other fundamental indicators for more details.
Tenax Therapeutics Volatility Drivers
Tenax Therapeutics unsystematic risk is unique to Tenax Therapeutics and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Tenax Therapeutics you can also buy Neurobo Pharmaceuticals. You can also mitigate this risk by investing in the health care sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Tenax Therapeutics important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Tenax Therapeutics income statement and balance sheet. Here are more details about Tenax volatility.Click cells to compare fundamentals
Breaking it down a bit more
Net Loss for the year was (9.85 M) with profit before overhead, payroll, taxes, and interest of 0.
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