Trx Gold Corp Stock Technical Analysis
| TNX Stock | CAD 42.42 0.64 1.53% |
As of the 2nd of December, TRX Gold has the Coefficient Of Variation of 782.98, risk adjusted performance of 0.1016, and Semi Deviation of 1.07. Compared to fundamental indicators, the technical analysis model makes it possible for you to check available technical drivers of TRX Gold Corp, as well as the relationship between them.
TRX Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TRX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TRXTRX |
TRX Gold 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.
TRX Gold Corp Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 TRX Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TRX Gold Corp Trend Analysis
Use this graph to draw trend lines for TRX Gold Corp. You can use it to identify possible trend reversals for TRX Gold 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 TRX Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TRX Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TRX Gold Corp applied against its price change over selected period. The best fit line has a slop of 0.14 , which means TRX Gold Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 785.82, which is the sum of squared deviations for the predicted TRX Gold price change compared to its average price change.About TRX Gold 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 TRX Gold Corp 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 TRX Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TRX Gold Corp price pattern first instead of the macroeconomic environment surrounding TRX Gold Corp. By analyzing TRX Gold'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 TRX Gold'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 TRX Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 (projected) | Days Sales Outstanding | 29.91 | 34.39 | PTB Ratio | 2.05 | 2.36 |
TRX Gold December 2, 2024 Technical Indicators
Most technical analysis of TRX 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 TRX from various momentum indicators to cycle indicators. When you analyze TRX 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1016 | |||
| Market Risk Adjusted Performance | (0.66) | |||
| Mean Deviation | 0.9822 | |||
| Semi Deviation | 1.07 | |||
| Downside Deviation | 1.19 | |||
| Coefficient Of Variation | 782.98 | |||
| Standard Deviation | 1.27 | |||
| Variance | 1.6 | |||
| Information Ratio | 0.019 | |||
| Jensen Alpha | 0.1806 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0202 | |||
| Treynor Ratio | (0.67) | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.68 | |||
| Downside Variance | 1.41 | |||
| Semi Variance | 1.15 | |||
| Expected Short fall | (1.06) | |||
| Skewness | 0.2106 | |||
| Kurtosis | 0.5575 |
Other Information on Investing in TRX Stock
TRX Gold financial ratios help investors to determine whether TRX 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 TRX with respect to the benefits of owning TRX Gold security.