TRX Historical Valuation
| TNX Stock | CAD 45.70 0.76 1.69% |
Some fundamental drivers such as market cap or TRX Gold enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze TRX Gold Corp valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of TRX Gold's future value.
TRX |
About TRX Valuation Data Analysis
Valuation is the financial process of determining what TRX Gold is worth. TRX Gold valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. TRX Gold valuation 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.
TRX Gold Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as TRX Gold theoretical takeover price. In the event of an acquisition, an acquirer would have to take on TRX Gold Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of TRX Gold value than its market capitalization because it takes into account all of TRX Gold Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from TRX Gold's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into TRX Gold Corp current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TRX Gold Corp. 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. As of the 22nd of December 2024, Market Cap is likely to drop to about 107.8 M. In addition to that, Enterprise Value is likely to drop to about 101.1 M
TRX Gold valuation accounts Correlations
TRX Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TRX Gold valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 142.2M | 96.3M | 128.6M | 110.6M | 113.4M | 107.8M | |
| Enterprise Value | 143.0M | 82.9M | 120.1M | 103.1M | 106.5M | 101.1M |
Pair Trading with TRX Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TRX Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TRX Gold will appreciate offsetting losses from the drop in the long position's value.Moving against TRX Stock
| 0.72 | ORE | Orezone Gold Corp | PairCorr |
| 0.67 | VZ | Verizon Communications | PairCorr |
| 0.62 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to TRX Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRX Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TRX Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TRX Gold Corp to buy it.
The correlation of TRX Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TRX Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TRX Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TRX Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TRX Stock
Valuation is the financial process of determining what TRX Gold is worth. TRX Gold valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. TRX Gold valuation 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.