TRX Price Earnings Ratio from 2010 to 2024

TNX Stock  CAD 42.21  0.22  0.52%   
TRX Gold Price Earnings Ratio yearly trend continues to be very stable with very little volatility. Price Earnings Ratio is likely to grow to 46.45 this year. During the period from 2010 to 2024, TRX Gold Price Earnings Ratio quarterly data regression pattern had sample variance of  2,948 and median of (13.21). View All Fundamentals
 
Price Earnings Ratio  
First Reported
2010-12-31
Previous Quarter
44.24
Current Value
46.45
Quarterly Volatility
54.29317569
 
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Yuan Drop
 
Covid
Check TRX Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TRX Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 M, Interest Expense of 2.1 M or Selling General Administrative of 9.1 M, as well as many indicators such as Price To Sales Ratio of 3.15, Ptb Ratio of 2.24 or Days Sales Outstanding of 16.5. TRX financial statements analysis is a perfect complement when working with TRX Gold Valuation or Volatility modules.
  
This module can also supplement various TRX Gold Technical models . Check out the analysis of TRX Gold Correlation against competitors.

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 together with TRX Stock

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Moving against TRX Stock

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  0.5INFM Infinico Metals CorpPairCorr
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.
Pair CorrelationCorrelation Matching

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.