Tinka Resources Limited Stock Technical Analysis
| TK Stock | CAD 0.1 0.01 5.00% |
As of the 23rd of November, Tinka Resources has the Coefficient Of Variation of (1,698), risk adjusted performance of (0.04), and Variance of 19.25. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tinka Resources, as well as the relationship between them. Please validate Tinka Resources market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Tinka Resources is priced more or less accurately, providing market reflects its prevalent price of 0.095 per share.
Tinka Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tinka, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TinkaTinka |
Tinka Resources 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.
Tinka Resources Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Tinka Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tinka Resources Trend Analysis
Use this graph to draw trend lines for Tinka Resources Limited. You can use it to identify possible trend reversals for Tinka Resources as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tinka Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tinka Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tinka Resources Limited applied against its price change over selected period. The best fit line has a slop of 0.0002 , which may suggest that Tinka Resources Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Tinka Resources price change compared to its average price change.About Tinka Resources Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tinka Resources Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tinka Resources Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tinka Resources price pattern first instead of the macroeconomic environment surrounding Tinka Resources. By analyzing Tinka Resources's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tinka Resources's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tinka Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Days Sales Outstanding | 3.6K | 3.2K | PTB Ratio | 0.56 | 0.59 |
Tinka Resources November 23, 2024 Technical Indicators
Most technical analysis of Tinka 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 Tinka from various momentum indicators to cycle indicators. When you analyze Tinka charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 0.7774 | |||
| Mean Deviation | 2.38 | |||
| Coefficient Of Variation | (1,698) | |||
| Standard Deviation | 4.39 | |||
| Variance | 19.25 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | 0.7674 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 | |||
| Skewness | 0.1462 | |||
| Kurtosis | 1.31 |
Additional Tools for Tinka Stock Analysis
When running Tinka Resources' price analysis, check to measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.