TNR Gold Corp. Aims to Raise 300,000 for Exploration - TipRanks
| TNR Stock | CAD 0.05 0.01 9.09% |
Slightly above 62% of TNR Gold's investor base is looking to short. The current sentiment regarding investing in TNR Gold Corp stock implies that many traders are alarmed. TNR Gold's investing sentiment can be driven by a variety of factors including economic data, TNR Gold's earnings reports, geopolitical events, and overall market trends.
TNR Gold stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of TNR daily returns and investor perception about the current price of TNR Gold Corp as well as its diversification or hedging effects on your existing portfolios.
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TNR Gold Corp. Aims to Raise 300,000 for Exploration TipRanks
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TNR Gold Fundamental Analysis
We analyze TNR Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TNR Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TNR Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
TNR Gold is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
TNR Gold Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TNR Gold stock to make a market-neutral strategy. Peer analysis of TNR Gold could also be used in its relative valuation, which is a method of valuing TNR Gold by comparing valuation metrics with similar companies.
Peers
TNR Gold Related Equities
| IE | Ivanhoe Energy | 2.26 |
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| FDY | Faraday Copper | 3.61 |
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| AG | First Majestic | 3.80 |
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| ORE | Orezone Gold | 4.23 |
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Additional Tools for TNR Stock Analysis
When running TNR Gold's price analysis, check to measure TNR Gold'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 TNR Gold is operating at the current time. Most of TNR Gold's value examination focuses on studying past and present price action to predict the probability of TNR Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TNR Gold's price. Additionally, you may evaluate how the addition of TNR Gold to your portfolios can decrease your overall portfolio volatility.