Thungela Welcomes New Board Expertise - TipRanks
TNGRF Stock | USD 5.85 0.02 0.34% |
Roughly 55% of Thungela Resources' investor base is interested to short. The analysis of overall sentiment of trading Thungela Resources Limited pink sheet suggests that many investors are impartial at this time. The current market sentiment, together with Thungela Resources' historical and current headlines, can help investors time the market. In addition, many technical investors use Thungela Resources stock news signals to limit their universe of possible portfolio assets.
Thungela Resources pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Thungela daily returns and investor perception about the current price of Thungela Resources Limited as well as its diversification or hedging effects on your existing portfolios.
Thungela |
Thungela Welcomes New Board Expertise TipRanks
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Thungela Resources Fundamental Analysis
We analyze Thungela Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thungela Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thungela Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Ratio
Current Ratio Comparative Analysis
Thungela Resources is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Thungela Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Thungela Resources pink sheet to make a market-neutral strategy. Peer analysis of Thungela Resources could also be used in its relative valuation, which is a method of valuing Thungela Resources by comparing valuation metrics with similar companies.
Peers
Thungela Resources Related Equities
GRYRF | Geo Energy | 15.00 | ||||
ADOOY | Adaro Energy | 2.78 | ||||
YACAF | Yancoal Australia | 0.91 | ||||
TBNGY | Bukit Asam | 0.00 | ||||
NHPEF | New HopeLtd | 0.41 | ||||
WHITF | Whitehaven Coal | 1.13 | ||||
YZCAY | Yanzhou Coal | 1.92 | ||||
ITAYY | Indo Tambangraya | 5.00 |
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.
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