Torq Resources Stock Price on August 14, 2024
TORQ Stock | CAD 0.06 0.00 0.00% |
If you're considering investing in Torq Stock, it is important to understand the factors that can impact its price. As of today, the current price of Torq Resources stands at 0.06, as last reported on the 21st of January, with the highest price reaching 0.06 and the lowest price hitting 0.06 during the day. Torq Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0149, which indicates the firm had a -0.0149 % return per unit of risk over the last 3 months. Torq Resources exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Torq Resources' insignificant Risk Adjusted Performance, variance of 70.69, and Coefficient Of Variation of (6,732) to confirm the risk estimate we provide.
Torq Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Torq |
Sharpe Ratio = -0.0149
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Estimated Market Risk
8.41 actual daily | 74 74% of assets are less volatile |
Expected Return
-0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Torq 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 Torq Resources by adding Torq Resources to a well-diversified portfolio.
Torq Resources Valuation on August 14, 2024
It is possible to determine the worth of Torq Resources on a given historical date. On August 14, 2024 Torq was worth 0.09 at the beginning of the trading date compared to the closed value of 0.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Torq Resources stock. Still, in general, we apply an absolute valuation method to find Torq 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 Torq Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Torq Resources' related companies.
Open | High | Low | Close | Volume | |
0.08 | 0.08 | 0.08 | 0.08 | 12,000 | |
08/14/2024 | 0.09 | 0.09 | 0.08 | 0.09 | 187,000 |
0.09 | 0.09 | 0.09 | 0.09 | 1.00 |
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Torq Resources Trading Date Momentum on August 14, 2024
On August 15 2024 Torq Resources was traded for 0.09 at the closing time. The maximum traded price for the trading interval was 0.09 and the lowest daily price was 0.09 . There was no trading activity during the period 1.0. Lack of trading volume on 15th of August 2024 did not result in any price rise and fall. The trading price change to the closing price today is 0.00% . |
Torq Resources Fundamentals Correlations and Trends
By evaluating Torq 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 Torq Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Torq financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Torq Resources Stock history
Torq 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 Torq is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Torq 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 Torq Resources stock prices may prove useful in developing a viable investing in Torq Resources
Torq Resources Inc., a junior exploration company, engages in the acquisition, exploration, and development of mineral resource properties in North America and Europe. The company was formerly known as Stratton Resources Inc. and changed its name to Torq Resources Inc. in March 2017. TORQ RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Torq Resources Stock Technical Analysis
Torq 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
Torq Resources Period Price Range
Low | January 21, 2025
| High |
0.00 | 0.00 |
Torq Resources cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Torq Resources January 21, 2025 Market Strength
Market strength indicators help investors to evaluate how Torq 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 Torq Resources shares will generate the highest return on investment. By undertsting and applying Torq Resources stock market strength indicators, traders can identify Torq Resources entry and exit signals to maximize returns
Torq Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Torq Resources' price direction in advance. Along with the technical and fundamental analysis of Torq Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Torq 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) | |||
Jensen Alpha | (0.13) | |||
Total Risk Alpha | (0.33) | |||
Treynor Ratio | 0.3154 |
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Additional Tools for Torq Stock Analysis
When running Torq Resources' price analysis, check to measure Torq 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 Torq Resources is operating at the current time. Most of Torq Resources' value examination focuses on studying past and present price action to predict the probability of Torq Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torq Resources' price. Additionally, you may evaluate how the addition of Torq Resources to your portfolios can decrease your overall portfolio volatility.