Tourmaline Bio Stock Price on November 27, 2024
| TRML Stock | 26.04 0.38 1.48% |
If you're considering investing in Tourmaline Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tourmaline Bio stands at 26.04, as last reported on the 1st of December, with the highest price reaching 26.65 and the lowest price hitting 25.43 during the day. Tourmaline Bio appears to be not too volatile, given 3 months investment horizon. Tourmaline Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Tourmaline Bio's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please review Tourmaline Bio's Coefficient Of Variation of 606.5, risk adjusted performance of 0.1342, and Semi Deviation of 3.19 to confirm if our risk estimates are consistent with your expectations.
At this time, Tourmaline Bio's Capital Stock is quite stable compared to the past year. . At this time, Tourmaline Bio's Price Book Value Ratio is quite stable compared to the past year. Price To Book Ratio is expected to rise to 0.64 this year, although the value of Price Earnings To Growth Ratio is projected to rise to (0). Tourmaline Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tourmaline |
Sharpe Ratio = 0.2049
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Estimated Market Risk
| 4.08 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.84 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average Tourmaline Bio is performing at about 16% 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 Tourmaline Bio by adding it to a well-diversified portfolio.
Price Book 2.0797 | Book Value 12.521 | Enterprise Value 386.1 M | Enterprise Value Ebitda (281.95) | Shares Float 12.5 M |
Tourmaline Bio Valuation on November 27, 2024
It is possible to determine the worth of Tourmaline Bio on a given historical date. On November 27, 2024 Tourmaline was worth 24.06 at the beginning of the trading date compared to the closed value of 25.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tourmaline Bio stock. Still, in general, we apply an absolute valuation method to find Tourmaline Bio'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 Tourmaline Bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tourmaline Bio's related companies.
| Open | High | Low | Close | Volume | |
| 23.67 | 23.96 | 23.02 | 23.82 | 238,929 | |
11/27/2024 | 24.06 | 26.70 | 23.86 | 25.66 | 200,618 |
| 25.78 | 26.65 | 25.43 | 26.04 | 108,594 |
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Tourmaline Bio Trading Date Momentum on November 27, 2024
| On November 29 2024 Tourmaline Bio was traded for 26.04 at the closing time. The top price for the day was 26.65 and the lowest listed price was 25.43 . The trading volume for the day was 108.6 K. The trading history from November 29, 2024 was a factor to the next trading day price upswing. The trading price change against the next closing price was 1.48% . The trading price change against the current closing price is 0.47% . |
Tourmaline Bio Fundamentals Correlations and Trends
By evaluating Tourmaline Bio'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 Tourmaline Bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tourmaline financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tourmaline Bio Stock history
Tourmaline Bio 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 Tourmaline is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tourmaline Bio 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 Tourmaline Bio stock prices may prove useful in developing a viable investing in Tourmaline Bio
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.7 M | 9 M |
Tourmaline Bio Quarterly Net Working Capital |
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Tourmaline Bio Stock Technical Analysis
Tourmaline Bio 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
Tourmaline Bio Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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Tourmaline Bio December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Tourmaline Bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tourmaline Bio shares will generate the highest return on investment. By undertsting and applying Tourmaline Bio stock market strength indicators, traders can identify Tourmaline Bio entry and exit signals to maximize returns
Tourmaline Bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tourmaline Bio's price direction in advance. Along with the technical and fundamental analysis of Tourmaline Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tourmaline 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 | 0.1342 | |||
| Jensen Alpha | 0.4708 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1451 | |||
| Treynor Ratio | 0.4343 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more information on how to buy Tourmaline Stock please use our How to buy in Tourmaline Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Biotechnology 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 Tourmaline Bio. If investors know Tourmaline 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 Tourmaline Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.49) | Return On Assets (0.24) | Return On Equity (0.32) |
The market value of Tourmaline Bio is measured differently than its book value, which is the value of Tourmaline that is recorded on the company's balance sheet. Investors also form their own opinion of Tourmaline Bio's value that differs from its market value or its book value, called intrinsic value, which is Tourmaline Bio's 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 Tourmaline Bio's market value can be influenced by many factors that don't directly affect Tourmaline Bio's 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 Tourmaline Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tourmaline Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tourmaline Bio's 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.