Thungela Resources Limited Stock Price on October 24, 2024

TNGRF Stock  USD 7.05  0.00  0.00%   
If you're considering investing in Thungela Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Thungela Resources stands at 7.05, as last reported on the 9th of January, with the highest price reaching 7.05 and the lowest price hitting 7.05 during the day. At this point, Thungela Resources is slightly risky. Thungela Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.019, which indicates the firm had a 0.019% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Thungela Resources Limited, which you can use to evaluate the volatility of the company. Please validate Thungela Resources' Coefficient Of Variation of 5266.68, risk adjusted performance of 0.0225, and Semi Deviation of 2.65 to confirm if the risk estimate we provide is consistent with the expected return of 0.0567%.
  
Thungela Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.019

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskTNGRFHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 2.99
  actual daily
26
74% of assets are more volatile

Expected Return

 0.06
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.02
  actual daily
1
99% of assets perform better
Based on monthly moving average Thungela Resources is performing at about 1% 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 Thungela Resources by adding it to a well-diversified portfolio.

Thungela Resources Valuation on October 24, 2024

It is possible to determine the worth of Thungela Resources on a given historical date. On October 24, 2024 Thungela was worth 7.15 at the beginning of the trading date compared to the closed value of 7.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thungela Resources pink sheet. Still, in general, we apply an absolute valuation method to find Thungela 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 Thungela Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thungela Resources' related companies.
 Open High Low Close Volume
  7.17    7.17    7.17    7.17    300.00  
10/24/2024
  7.15    7.55    7.15    7.32    2,945  
  7.50    7.50    7.35    7.35    3,072  
Backtest Thungela Resources  |  Thungela Resources History  |  Thungela Resources Valuation   PreviousNext  
Open Value
7.15
7.32
Closing Value
16.11
Upside

Thungela Resources Trading Date Momentum on October 24, 2024

On October 25 2024 Thungela Resources Limited was traded for  7.35  at the closing time. The highest daily price throughout the period was 7.50  and the lowest price was  7.35 . The daily volume was 3.1 K. The net trading volume on 10/25/2024 added to the next day price rise. The trading price change to closing price of the next trading day was 0.41% . The trading price change to current closing price is 2.05% .

Thungela Resources Fundamentals Correlations and Trends

By evaluating Thungela 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 Thungela Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thungela financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Thungela Resources Pink Sheet history

Thungela 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 Thungela is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thungela 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 Thungela Resources stock prices may prove useful in developing a viable investing in Thungela Resources
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. The company was founded in 1945 and is based in Johannesburg, South Africa. Thungela Res is traded on OTC Exchange in the United States.

Thungela Resources Pink Sheet Technical Analysis

Thungela 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.
A focus of Thungela Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thungela Resources trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Thungela Resources Period Price Range

Low
January 9, 2025
0.00  NaN%
High

 0.00 

     

 0.00 

Thungela Resources Limited cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Thungela Resources January 9, 2025 Market Strength

Market strength indicators help investors to evaluate how Thungela 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 Thungela Resources shares will generate the highest return on investment. By undertsting and applying Thungela Resources pink sheet market strength indicators, traders can identify Thungela Resources Limited entry and exit signals to maximize returns

Thungela Resources Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Thungela Resources' price direction in advance. Along with the technical and fundamental analysis of Thungela Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thungela 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.

Complementary Tools for Thungela Pink Sheet analysis

When running Thungela Resources' price analysis, check to measure Thungela 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 Thungela Resources is operating at the current time. Most of Thungela Resources' value examination focuses on studying past and present price action to predict the probability of Thungela Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thungela Resources' price. Additionally, you may evaluate how the addition of Thungela Resources to your portfolios can decrease your overall portfolio volatility.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Money Managers
Screen money managers from public funds and ETFs managed around the world
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets