Tamboran Resources Stock Price on October 30, 2024
| TBN Stock | 17.25 1.33 7.16% |
If you're considering investing in Tamboran Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tamboran Resources stands at 17.25, as last reported on the 25th of November, with the highest price reaching 18.91 and the lowest price hitting 16.47 during the day. Tamboran Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0849, which indicates the firm had a -0.0849% return per unit of risk over the last 3 months. Tamboran Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tamboran Resources' Variance of 5.79, risk adjusted performance of (0.08), and Coefficient Of Variation of (918.91) to confirm the risk estimate we provide.
At this time, Tamboran Resources' Total Stockholder Equity is very stable compared to the past year. As of the 25th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 376.6 M, while Common Stock Shares Outstanding is likely to drop about 5.7 M. . At this time, Tamboran Resources' Price Book Value Ratio is very stable compared to the past year. As of the 25th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.16, while Price Earnings Ratio is likely to drop (10.49). Tamboran Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tamboran |
Sharpe Ratio = -0.0849
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Estimated Market Risk
| 2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tamboran Resources is not performing at its full potential. However, 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 Tamboran Resources by adding Tamboran Resources to a well-diversified portfolio.
Price Book 271.0266 | Book Value 0.094 | Enterprise Value 275.2 M | Shares Float 7.9 M | Shares Outstanding 2.1 B |
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Tamboran Resources Valuation on October 30, 2024
It is possible to determine the worth of Tamboran Resources on a given historical date. On October 30, 2024 Tamboran was worth 19.01 at the beginning of the trading date compared to the closed value of 19.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tamboran Resources stock. Still, in general, we apply an absolute valuation method to find Tamboran Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tamboran Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tamboran Resources' related companies.
| Open | High | Low | Close | Volume | |
| 18.26 | 19.40 | 18.25 | 19.25 | 125,710 | |
10/30/2024 | 19.01 | 19.33 | 18.74 | 19.08 | 16,612 |
| 18.83 | 19.11 | 18.75 | 18.75 | 4,801 |
| Backtest Tamboran Resources | | | Tamboran Resources History | | | Tamboran Resources Valuation | Previous | Next |
Tamboran Resources Trading Date Momentum on October 30, 2024
| On October 31 2024 Tamboran Resources was traded for 18.75 at the closing time. Highest Tamboran Resources's price during the trading hours was 19.11 and the lowest price during the day was 18.75 . The net volume was 4.8 K. The overall trading history on the 31st of October contributed to the next trading period price depreciation. The trading price change to the next next day price was 1.73% . The trading price change to current price is 1.15% . |
Tamboran Resources Fundamentals Correlations and Trends
By evaluating Tamboran Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tamboran Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tamboran financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tamboran Resources Stock history
Tamboran Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tamboran is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tamboran Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tamboran Resources stock prices may prove useful in developing a viable investing in Tamboran Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 9.5 M | 5.7 M |
Tamboran Resources Stock Technical Analysis
Tamboran Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Tamboran Resources Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Tamboran Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
Tamboran Resources November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Tamboran Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tamboran Resources shares will generate the highest return on investment. By undertsting and applying Tamboran Resources stock market strength indicators, traders can identify Tamboran Resources entry and exit signals to maximize returns
Tamboran Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tamboran Resources' price direction in advance. Along with the technical and fundamental analysis of Tamboran Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tamboran 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 | (0.08) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.40) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tamboran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tamboran Resources. If investors know Tamboran will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tamboran Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.14) |
The market value of Tamboran Resources is measured differently than its book value, which is the value of Tamboran that is recorded on the company's balance sheet. Investors also form their own opinion of Tamboran Resources' value that differs from its market value or its book value, called intrinsic value, which is Tamboran Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tamboran Resources' market value can be influenced by many factors that don't directly affect Tamboran Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tamboran Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamboran Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamboran Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.