Thungela Resources (UK) Price on October 18, 2024
| TGA Stock | 561.00 9.50 1.72% |
If you're considering investing in Thungela Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thungela Resources stands at 561.00, as last reported on the 30th of November, with the highest price reaching 561.50 and the lowest price hitting 547.00 during the day. Thungela Resources appears to be very steady, given 3 months investment horizon. Thungela Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Thungela Resources Limited, which you can use to evaluate the volatility of the company. Please review Thungela Resources' Risk Adjusted Performance of 0.0826, coefficient of variation of 1011.49, and Semi Deviation of 1.86 to confirm if our risk estimates are consistent with your expectations.
As of November 30, 2024, Total Stockholder Equity is expected to decline to about 15.4 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 105.9 M. Thungela Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thungela |
Sharpe Ratio = 0.1133
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | TGA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.51 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Thungela Resources is performing at about 8% 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 Thungela Resources by adding it to a well-diversified portfolio.
Price Book 0.7082 | Enterprise Value Ebitda 1.2932 | Price Sales 0.0226 | Shares Float 105.9 M | Dividend Share 12 |
Thungela Resources Valuation on October 18, 2024
It is possible to determine the worth of Thungela Resources on a given historical date. On October 18, 2024 Thungela was worth 527.5 at the beginning of the trading date compared to the closed value of 534.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thungela Resources stock. Still, in general, we apply an absolute valuation method to find Thungela 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 Thungela Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thungela Resources' related companies.
| Open | High | Low | Close | Volume | |
| 507.00 | 527.50 | 504.00 | 518.50 | 192,303 | |
10/18/2024 | 527.50 | 547.50 | 522.00 | 534.00 | 209,230 |
| 530.50 | 552.50 | 529.50 | 533.00 | 92,299 |
| Backtest Thungela Resources | | | Thungela Resources History | | | Thungela Resources Valuation | Previous | Next |
Thungela Resources Trading Date Momentum on October 18, 2024
| On October 21 2024 Thungela Resources Limited was traded for 533.00 at the closing time. The highest price during the trading period was 552.50 and the lowest recorded bid was listed for 529.50 . The volume for the day was 92.3 K. This history from October 21, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.19% . The trading price change to the current price is 5.99% . |
Thungela Resources Fundamentals Correlations and Trends
By evaluating Thungela 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 Thungela Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thungela financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thungela Resources Stock history
Thungela 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 Thungela is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thungela 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 Thungela Resources stock prices may prove useful in developing a viable investing in Thungela Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 139.8 M | 105.9 M | |
| Net Income Applicable To Common Shares | 7.4 B | 7.8 B |
Thungela Resources Quarterly Net Working Capital |
|
Thungela Resources Stock Technical Analysis
Thungela 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
Thungela Resources Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Thungela Resources Limited cannot be verified against its exchange. Please verify the symbol is currently traded on London 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.
Thungela Resources November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Thungela 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 Thungela Resources shares will generate the highest return on investment. By undertsting and applying Thungela Resources stock market strength indicators, traders can identify Thungela Resources Limited entry and exit signals to maximize returns
Thungela Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thungela Resources' price direction in advance. Along with the technical and fundamental analysis of Thungela Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thungela 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 | 0.0826 | |||
| Jensen Alpha | 0.2552 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0565 | |||
| Treynor Ratio | (1.99) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Thungela Stock analysis
When running Thungela Resources' price analysis, check to measure Thungela Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thungela Resources is operating at the current time. Most of Thungela Resources' value examination focuses on studying past and present price action to predict the probability of Thungela Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thungela Resources' price. Additionally, you may evaluate how the addition of Thungela Resources to your portfolios can decrease your overall portfolio volatility.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |