Tanzanian Royalty Exploration Stock Market Value
| TRX Stock | USD 0.33 0.01 3.13% |
| Symbol | Tanzanian |
Tanzanian Royalty Price To Book Ratio
Is Metals & Mining 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 Tanzanian Royalty. If investors know Tanzanian 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 Tanzanian Royalty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.549 | Revenue Per Share | Quarterly Revenue Growth 0.625 | Return On Assets | Return On Equity |
The market value of Tanzanian Royalty is measured differently than its book value, which is the value of Tanzanian that is recorded on the company's balance sheet. Investors also form their own opinion of Tanzanian Royalty's value that differs from its market value or its book value, called intrinsic value, which is Tanzanian Royalty'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 Tanzanian Royalty's market value can be influenced by many factors that don't directly affect Tanzanian Royalty'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 Tanzanian Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tanzanian Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tanzanian Royalty'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.
Tanzanian Royalty 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tanzanian Royalty's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tanzanian Royalty.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in Tanzanian Royalty on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding Tanzanian Royalty Exploration or generate 0.0% return on investment in Tanzanian Royalty over 30 days. Tanzanian Royalty is related to or competes with Fortitude Gold, New Gold, Galiano Gold, GoldMining, and IAMGold. TRX Gold Corporation engages in the acquisition, financing, exploration, and development of mineral property interests i... More
Tanzanian Royalty Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tanzanian Royalty's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tanzanian Royalty Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.33 |
Tanzanian Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tanzanian Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tanzanian Royalty's standard deviation. In reality, there are many statistical measures that can use Tanzanian Royalty historical prices to predict the future Tanzanian Royalty's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.3813 |
Tanzanian Royalty Backtested Returns
Tanzanian Royalty owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0438, which indicates the firm had a -0.0438 % return per unit of risk over the last 3 months. Tanzanian Royalty Exploration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tanzanian Royalty's Coefficient Of Variation of (976.01), risk adjusted performance of (0.08), and Variance of 6.41 to confirm the risk estimate we provide. The entity has a beta of -0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tanzanian Royalty are expected to decrease at a much lower rate. During the bear market, Tanzanian Royalty is likely to outperform the market. At this point, Tanzanian Royalty has a negative expected return of -0.11%. Please make sure to validate Tanzanian Royalty's potential upside and the relationship between the accumulation distribution and period momentum indicator , to decide if Tanzanian Royalty performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Tanzanian Royalty Exploration has poor reverse predictability. Overlapping area represents the amount of predictability between Tanzanian Royalty time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tanzanian Royalty price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Tanzanian Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tanzanian Royalty lagged returns against current returns
Autocorrelation, which is Tanzanian Royalty stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tanzanian Royalty's stock expected returns. We can calculate the autocorrelation of Tanzanian Royalty returns to help us make a trade decision. For example, suppose you find that Tanzanian Royalty has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tanzanian Royalty regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tanzanian Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tanzanian Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tanzanian Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
Tanzanian Royalty Lagged Returns
When evaluating Tanzanian Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tanzanian Royalty stock have on its future price. Tanzanian Royalty autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tanzanian Royalty autocorrelation shows the relationship between Tanzanian Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Tanzanian Royalty Exploration.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Tanzanian Stock Analysis
When running Tanzanian Royalty's price analysis, check to measure Tanzanian Royalty'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 Tanzanian Royalty is operating at the current time. Most of Tanzanian Royalty's value examination focuses on studying past and present price action to predict the probability of Tanzanian Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tanzanian Royalty's price. Additionally, you may evaluate how the addition of Tanzanian Royalty to your portfolios can decrease your overall portfolio volatility.