Tungray Technologies Class Stock Price on September 30, 2024
| TRSG Stock | 2.80 0.24 7.89% |
If you're considering investing in Tungray Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tungray Technologies stands at 2.80, as last reported on the 29th of November, with the highest price reaching 3.08 and the lowest price hitting 2.60 during the day. At this point, Tungray Technologies is dangerous. Tungray Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0186, which indicates the firm had a 0.0186% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tungray Technologies Class, which you can use to evaluate the volatility of the company. Please validate Tungray Technologies' Semi Deviation of 4.49, risk adjusted performance of 0.0248, and Coefficient Of Variation of 4736.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
The Tungray Technologies' current Other Stockholder Equity is estimated to increase to about 264.3 K, while Total Stockholder Equity is projected to decrease to roughly 10.8 M. . At this time, Tungray Technologies' Price To Operating Cash Flows Ratio is most likely to increase significantly in the upcoming years. The Tungray Technologies' current Price To Free Cash Flows Ratio is estimated to increase to 170.37, while Price Earnings Ratio is projected to decrease to 52.56. Tungray Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tungray |
Sharpe Ratio = 0.0186
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Estimated Market Risk
| 5.84 actual daily | 52 52% of assets are less volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Tungray Technologies is performing at about 1% 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 Tungray Technologies by adding it to a well-diversified portfolio.
Price Book 2.6661 | Enterprise Value Ebitda 18.9254 | Price Sales 3.0322 | Shares Float 2.5 M | Earnings Share 0.07 |
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Tungray Technologies Valuation on September 30, 2024
It is possible to determine the worth of Tungray Technologies on a given historical date. On September 30, 2024 Tungray was worth 2.53 at the beginning of the trading date compared to the closed value of 2.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tungray Technologies stock. Still, in general, we apply an absolute valuation method to find Tungray Technologies' 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 Tungray Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tungray Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 2.61 | 2.65 | 2.55 | 2.55 | 7,619 | |
09/30/2024 | 2.53 | 2.77 | 2.53 | 2.61 | 7,276 |
| 2.61 | 2.78 | 2.55 | 2.71 | 7,631 |
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Tungray Technologies Trading Date Momentum on September 30, 2024
| On October 01 2024 Tungray Technologies Class was traded for 2.71 at the closing time. The top price for the day was 2.78 and the lowest listed price was 2.55 . The trading volume for the day was 7.6 K. The trading history from October 1, 2024 was a factor to the next trading day price rise. The trading price change against the next closing price was 3.83% . The trading price change against the current closing price is 3.83% . |
Tungray Technologies Fundamentals Correlations and Trends
By evaluating Tungray Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tungray Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tungray financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tungray Technologies Stock history
Tungray Technologies 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 Tungray is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tungray Technologies 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 Tungray Technologies stock prices may prove useful in developing a viable investing in Tungray Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 15 M | 12.8 M |
Tungray Technologies Quarterly Net Working Capital |
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Tungray Technologies Stock Technical Analysis
Tungray Technologies 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
Tungray Technologies Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Tungray Technologies Class cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Tungray Technologies November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Tungray Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tungray Technologies shares will generate the highest return on investment. By undertsting and applying Tungray Technologies stock market strength indicators, traders can identify Tungray Technologies Class entry and exit signals to maximize returns
Tungray Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tungray Technologies' price direction in advance. Along with the technical and fundamental analysis of Tungray Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tungray 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 | 0.0248 | |||
| Jensen Alpha | 0.156 | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | (0.28) |
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Complementary Tools for Tungray Stock analysis
When running Tungray Technologies' price analysis, check to measure Tungray Technologies' 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 Tungray Technologies is operating at the current time. Most of Tungray Technologies' value examination focuses on studying past and present price action to predict the probability of Tungray Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tungray Technologies' price. Additionally, you may evaluate how the addition of Tungray Technologies to your portfolios can decrease your overall portfolio volatility.
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