Torex Gold Resources Stock Statistic Functions Beta
| TXG Stock | CAD 31.07 0.10 0.32% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Torex Gold Resources correlated with the market. If Beta is less than 0 Torex Gold generally moves in the opposite direction as compared to the market. If Torex Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Torex Gold Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Torex Gold is generally in the same direction as the market. If Beta > 1 Torex Gold moves generally in the same direction as, but more than the movement of the benchmark.
Torex Gold Technical Analysis Modules
Most technical analysis of Torex Gold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Torex from various momentum indicators to cycle indicators. When you analyze Torex charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Torex Gold Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Torex Gold Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Torex Gold Resources based on widely used predictive technical indicators. In general, we focus on analyzing Torex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Torex Gold's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Torex Gold's intrinsic value. In addition to deriving basic predictive indicators for Torex Gold, we also check how macroeconomic factors affect Torex Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 4.36 | 6.53 | 5.94 | 3.91 | Days Of Inventory On Hand | 85.03 | 77.71 | 77.0 | 91.88 |
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Other Information on Investing in Torex Stock
Torex Gold financial ratios help investors to determine whether Torex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Torex with respect to the benefits of owning Torex Gold security.