Tonogold Resources Stock Price on August 19, 2023
| TNGL Stock | USD 0.01 0 21.43% |
If you're considering investing in Tonogold Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Tonogold Resources stands at 0.01, as last reported on the 9th of January, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. Tonogold Resources appears to be out of control, given 3 months investment horizon. Tonogold Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0415, which indicates the firm had a 0.0415% return per unit of risk over the last 3 months. By inspecting Tonogold Resources' technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review Tonogold Resources' Semi Deviation of 12.33, risk adjusted performance of 0.013, and Coefficient Of Variation of 22769.57 to confirm if our risk estimates are consistent with your expectations.
Tonogold Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Tonogold |
Sharpe Ratio = 0.0415
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Estimated Market Risk
| 15.44 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Tonogold Resources is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tonogold Resources by adding it to a well-diversified portfolio.
Tonogold Resources Valuation on August 19, 2023
It is possible to determine the worth of Tonogold Resources on a given historical date. On August 19, 2023 Tonogold was worth 0.005 at the beginning of the trading date compared to the closed value of 0.0045. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tonogold Resources pink sheet. Still, in general, we apply an absolute valuation method to find Tonogold Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tonogold Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tonogold Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0 | 0 | 0 | 0 | 67,187 | |
08/17/2023 | 0.01 | 0.01 | 0 | 0 | 160,000 |
| 0 | 0 | 0 | 0 | 76,900 |
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Tonogold Resources Trading Date Momentum on August 19, 2023
| On August 22 2023 Tonogold Resources was traded for 0 at the closing time. The top price for the day was 0 and the lowest listed price was 0 . The trading volume for the day was 76.9 K. The trading history from August 22, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 20.00% . The trading price change against the current closing price is 8.89% . |
Tonogold Resources Fundamentals Correlations and Trends
By evaluating Tonogold Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tonogold Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tonogold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tonogold Resources Pink Sheet history
Tonogold Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tonogold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tonogold Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tonogold Resources stock prices may prove useful in developing a viable investing in Tonogold Resources
Tonogold Resources, Inc., a junior mining company, focuses on developing and maintaining mining leases on properties in Nevada. Tonogold Resources, Inc. based in Woodland hills, California. Tonogold Res operates under Gold classification in the United States and is traded on OTC Exchange.
Tonogold Resources Pink Sheet Technical Analysis
Tonogold Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Tonogold Resources Period Price Range
Low | January 9, 2025
| High |
0.00 | 0.00 |
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Tonogold Resources January 9, 2025 Market Strength
Market strength indicators help investors to evaluate how Tonogold Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tonogold Resources shares will generate the highest return on investment. By undertsting and applying Tonogold Resources pink sheet market strength indicators, traders can identify Tonogold Resources entry and exit signals to maximize returns
Tonogold Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tonogold Resources' price direction in advance. Along with the technical and fundamental analysis of Tonogold Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tonogold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.013 | |||
| Jensen Alpha | 0.0803 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0027 | |||
| Treynor Ratio | (0.05) |
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Other Information on Investing in Tonogold Pink Sheet
Tonogold Resources financial ratios help investors to determine whether Tonogold Pink Sheet 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 Tonogold with respect to the benefits of owning Tonogold Resources security.