Texas Gulf Energy Stock Price on October 16, 2024
TXGE Stock | USD 2,556 0.96 0.04% |
If you're considering investing in Texas Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Texas Gulf stands at 2,556, as last reported on the 26th of December, with the highest price reaching 2,563 and the lowest price hitting 2,530 during the day. Texas Gulf Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0253, which indicates the firm had a -0.0253% return per unit of risk over the last 3 months. Texas Gulf Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texas Gulf's Coefficient Of Variation of (3,565), variance of 3.64, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
Texas Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Texas |
Sharpe Ratio = -0.0253
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Estimated Market Risk
1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Texas Gulf is not performing at its full potential. However, 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 Texas Gulf by adding Texas Gulf to a well-diversified portfolio.
Texas Gulf Valuation on October 16, 2024
It is possible to determine the worth of Texas Gulf on a given historical date. On October 16, 2024 Texas was worth 2768.46 at the beginning of the trading date compared to the closed value of 2746.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Texas Gulf pink sheet. Still, in general, we apply an absolute valuation method to find Texas Gulf's 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 Texas Gulf where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Texas Gulf's related companies.
Open | High | Low | Close | Volume | |
2,698 | 2,736 | 2,694 | 2,736 | 53,779,100 | |
10/16/2024 | 2,768 | 2,794 | 2,744 | 2,746 | 59,195,600 |
2,767 | 2,810 | 2,758 | 2,787 | 58,713,300 |
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Texas Gulf Trading Date Momentum on October 16, 2024
On October 17 2024 Texas Gulf Energy was traded for 2,787 at the closing time. The top price for the day was 2,810 and the lowest listed price was 2,758 . The trading volume for the day was 58.7 M. The trading history from October 17, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 1.47% . The trading price change against the current closing price is 3.54% . |
Texas Gulf Energy Fundamentals Correlations and Trends
By evaluating Texas Gulf's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Texas Gulf's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Texas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Texas Gulf Pink Sheet history
Texas Gulf 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 Texas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Texas Gulf Energy 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 Texas Gulf stock prices may prove useful in developing a viable investing in Texas Gulf
Texas Gulf Energy, Inc. provides turnkey and specialty construction services to a range of industrial and energy sector clients in the United States. It serves engineering firms, general contractors, petrochemical and industrial gas companies, integrated oil companies, and independent petroleum refiners, as well as pipeline, terminal, and oil and gas marketing companies. Texas Gulf operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 32 people.
Texas Gulf Pink Sheet Technical Analysis
Texas Gulf 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
Texas Gulf Period Price Range
Low | December 26, 2024
| High |
0.00 | 0.00 |
Texas Gulf Energy 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.
Texas Gulf December 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Texas Gulf 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 Texas Gulf shares will generate the highest return on investment. By undertsting and applying Texas Gulf pink sheet market strength indicators, traders can identify Texas Gulf Energy entry and exit signals to maximize returns
Texas Gulf Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Texas Gulf's price direction in advance. Along with the technical and fundamental analysis of Texas Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Texas 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 | (0.02) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.15) | |||
Treynor Ratio | 0.3189 |
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Volume Indicators |
Complementary Tools for Texas Pink Sheet analysis
When running Texas Gulf's price analysis, check to measure Texas Gulf's 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 Texas Gulf is operating at the current time. Most of Texas Gulf's value examination focuses on studying past and present price action to predict the probability of Texas Gulf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Texas Gulf's price. Additionally, you may evaluate how the addition of Texas Gulf to your portfolios can decrease your overall portfolio volatility.
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