Trio Petroleum Corp Stock Price on October 22, 2024
| TPET Stock | 1.23 0.07 5.38% |
If you're considering investing in Trio Stock, it is important to understand the factors that can impact its price. As of today, the current price of Trio Petroleum stands at 1.23, as last reported on the 29th of November, with the highest price reaching 1.30 and the lowest price hitting 1.17 during the day. Trio Petroleum Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.24, which indicates the firm had a -0.24% return per unit of risk over the last 3 months. Trio Petroleum Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trio Petroleum's Risk Adjusted Performance of (0.20), coefficient of variation of (364.91), and Variance of 43.8 to confirm the risk estimate we provide.
Issuance Of Capital Stock is likely to gain to about 8.1 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 7.2 M in 2024. . Price Earnings Ratio is likely to drop to -35.86 in 2024. Price Book Value Ratio is likely to drop to 27.85 in 2024. Trio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Trio |
Sharpe Ratio = -0.2419
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| Negative Returns | TPET |
Estimated Market Risk
| 6.69 actual daily | 59 59% of assets are less volatile |
Expected Return
| -1.62 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.24 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Trio Petroleum 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 Trio Petroleum by adding Trio Petroleum to a well-diversified portfolio.
Price Book 0.3858 | Enterprise Value Ebitda (2.80) | Price Sales 22.8761 | Shares Float 36.9 M | Earnings Share (4.40) |
Trio Petroleum Valuation on October 22, 2024
It is possible to determine the worth of Trio Petroleum on a given historical date. On October 22, 2024 Trio was worth 3.16 at the beginning of the trading date compared to the closed value of 2.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Trio Petroleum stock. Still, in general, we apply an absolute valuation method to find Trio Petroleum's 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 Trio Petroleum where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Trio Petroleum's related companies.
| Open | High | Low | Close | Volume | |
| 3.10 | 3.18 | 3.04 | 3.14 | 73,925 | |
10/22/2024 | 3.16 | 3.18 | 2.94 | 2.96 | 88,580 |
| 2.96 | 2.98 | 2.74 | 2.84 | 92,505 |
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Trio Petroleum Trading Date Momentum on October 22, 2024
| On October 23 2024 Trio Petroleum Corp was traded for 2.84 at the closing time. The top price for the day was 2.98 and the lowest listed price was 2.74 . The trading volume for the day was 92.5 K. The trading history from October 23, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 4.05% . The trading price change against the current closing price is 16.22% . |
Trio Petroleum Corp Fundamentals Correlations and Trends
By evaluating Trio Petroleum's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Trio Petroleum's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Trio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Trio Petroleum Stock history
Trio Petroleum 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 Trio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Trio Petroleum Corp 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 Trio Petroleum stock prices may prove useful in developing a viable investing in Trio Petroleum
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 20.8 M | 18.5 M | |
| Net Loss | -3.4 M | -3.2 M |
Trio Petroleum Stock Technical Analysis
Trio Petroleum 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
Trio Petroleum Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Trio Petroleum Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT 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.
Trio Petroleum November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Trio Petroleum stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Trio Petroleum shares will generate the highest return on investment. By undertsting and applying Trio Petroleum stock market strength indicators, traders can identify Trio Petroleum Corp entry and exit signals to maximize returns
Trio Petroleum Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Trio Petroleum's price direction in advance. Along with the technical and fundamental analysis of Trio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Trio 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 | (0.20) | |||
| Jensen Alpha | (1.79) | |||
| Total Risk Alpha | (2.82) | |||
| Treynor Ratio | 6.16 |
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Additional Tools for Trio Stock Analysis
When running Trio Petroleum's price analysis, check to measure Trio Petroleum's 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 Trio Petroleum is operating at the current time. Most of Trio Petroleum's value examination focuses on studying past and present price action to predict the probability of Trio Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trio Petroleum's price. Additionally, you may evaluate how the addition of Trio Petroleum to your portfolios can decrease your overall portfolio volatility.