Turnium Technology Group Stock Performance
| TTGI Stock | 0.04 0.01 10.00% |
The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Turnium Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Turnium Technology is expected to be smaller as well. At this point, Turnium Technology has a negative expected return of -0.4%. Please make sure to validate Turnium Technology's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Turnium Technology performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Turnium Technology Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's technical and fundamental indicators remain fairly stable which may send shares a bit higher in January 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
1 | Turnium Technology Group Announces AGM Results - Yahoo Finance | 10/08/2024 |
2 | Closing Bell Turnium Technology Group Inc Up On Monday - Barchart | 11/18/2024 |
| Begin Period Cash Flow | 609 K |
Turnium |
Turnium Technology Relative Risk vs. Return Landscape
If you would invest 7.00 in Turnium Technology Group on September 3, 2024 and sell it today you would lose (2.50) from holding Turnium Technology Group or give up 35.71% of portfolio value over 90 days. Turnium Technology Group is producing return of less than zero assuming 7.5326% volatility of returns over the 90 days investment horizon. Simply put, 67% of all stocks have less volatile historical return distribution than Turnium Technology, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Turnium Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turnium Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Turnium Technology Group, and traders can use it to determine the average amount a Turnium Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0536
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| Negative Returns | TTGI |
Estimated Market Risk
| 7.53 actual daily | 67 67% of assets are less volatile |
Expected Return
| -0.4 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Turnium Technology 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 Turnium Technology by adding Turnium Technology to a well-diversified portfolio.
Turnium Technology Fundamentals Growth
Turnium Stock prices reflect investors' perceptions of the future prospects and financial health of Turnium Technology, and Turnium Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Turnium Stock performance.
| Return On Asset | -0.67 | ||||
| Profit Margin | (0.58) % | ||||
| Operating Margin | (0.38) % | ||||
| Current Valuation | 8.92 M | ||||
| Shares Outstanding | 162.13 M | ||||
| Price To Sales | 1.39 X | ||||
| Revenue | 5.21 M | ||||
| Gross Profit | 3.7 M | ||||
| EBITDA | (2.78 M) | ||||
| Net Income | (4.01 M) | ||||
| Total Debt | 400 K | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (2.64 M) | ||||
| Earnings Per Share | (0.03) X | ||||
| Total Asset | 2.9 M | ||||
| Retained Earnings | (23.45 M) | ||||
About Turnium Technology Performance
Evaluating Turnium Technology's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Turnium Technology has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Turnium Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Turnium Technology is entity of Canada. It is traded as Stock on V exchange.Things to note about Turnium Technology performance evaluation
Checking the ongoing alerts about Turnium Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Turnium Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Turnium Technology generated a negative expected return over the last 90 days | |
| Turnium Technology has high historical volatility and very poor performance | |
| Turnium Technology has some characteristics of a very speculative penny stock | |
| Turnium Technology has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 5.21 M. Net Loss for the year was (4.01 M) with profit before overhead, payroll, taxes, and interest of 3.7 M. | |
| Turnium Technology generates negative cash flow from operations | |
| About 23.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Turnium Technology Group Inc Up On Monday - Barchart |
- Analyzing Turnium Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Turnium Technology's stock is overvalued or undervalued compared to its peers.
- Examining Turnium Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Turnium Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Turnium Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Turnium Technology's stock. These opinions can provide insight into Turnium Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Turnium Stock Analysis
When running Turnium Technology's price analysis, check to measure Turnium Technology'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 Turnium Technology is operating at the current time. Most of Turnium Technology's value examination focuses on studying past and present price action to predict the probability of Turnium Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turnium Technology's price. Additionally, you may evaluate how the addition of Turnium Technology to your portfolios can decrease your overall portfolio volatility.