Tabcorp Holdings Limited Stock Price on April 18, 2024
| TABCF Stock | USD 0.40 0.01 2.44% |
If you're considering investing in Tabcorp Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Tabcorp Holdings stands at 0.40, as last reported on the 2nd of June, with the highest price reaching 0.40 and the lowest price hitting 0.40 during the day. Tabcorp Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Tabcorp Holdings Limited exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tabcorp Holdings' Variance of 2.63, risk adjusted performance of (0.07), and Coefficient Of Variation of (821.67) to confirm the risk estimate we provide.
Tabcorp Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Tabcorp |
Sharpe Ratio = -0.1236
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| Negative Returns | TABCF |
Estimated Market Risk
| 1.65 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tabcorp Holdings 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 Tabcorp Holdings by adding Tabcorp Holdings to a well-diversified portfolio.
Tabcorp Holdings Valuation on April 18, 2024
It is possible to determine the worth of Tabcorp Holdings on a given historical date. On April 18, 2024 Tabcorp was worth 0.47 at the beginning of the trading date compared to the closed value of 0.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tabcorp Holdings pink sheet. Still, in general, we apply an absolute valuation method to find Tabcorp Holdings' 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 Tabcorp Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tabcorp Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 0.47 | 0.47 | 0.47 | 0.47 | 1.00 | |
04/18/2024 | 0.47 | 0.47 | 0.47 | 0.47 | 1.00 |
| 0.47 | 0.47 | 0.47 | 0.47 | 1.00 |
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Tabcorp Holdings Trading Date Momentum on April 18, 2024
| On April 19 2024 Tabcorp Holdings Limited was traded for 0.47 at the closing time. The highest daily price throughout the period was 0.47 and the lowest price was 0.47 . There was no trading activity during the period 1.0. Lack of trading volume on 04/19/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.00% . |
Tabcorp Holdings Fundamentals Correlations and Trends
By evaluating Tabcorp Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tabcorp Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tabcorp financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tabcorp Holdings Pink Sheet history
Tabcorp Holdings 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 Tabcorp is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tabcorp Holdings 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 Tabcorp Holdings stock prices may prove useful in developing a viable investing in Tabcorp Holdings
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. The company was founded in 1881 and is based in Melbourne, Australia. Tabcorp Holdings operates under Gambling classification in the United States and is traded on OTC Exchange.
Tabcorp Holdings Pink Sheet Technical Analysis
Tabcorp Holdings 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
Tabcorp Holdings Period Price Range
Low | April 18, 2024
| High |
0.47 | 0.47 |
Tabcorp Holdings June 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Tabcorp Holdings 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 Tabcorp Holdings shares will generate the highest return on investment. By undertsting and applying Tabcorp Holdings pink sheet market strength indicators, traders can identify Tabcorp Holdings Limited entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.47 | |||
| Day Typical Price | 0.47 | |||
| Period Momentum Indicator | (0.07) | |||
| Relative Strength Index | 100.0 |
Tabcorp Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tabcorp Holdings' price direction in advance. Along with the technical and fundamental analysis of Tabcorp Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tabcorp 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 | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.77) |
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| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tabcorp Holdings Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Tabcorp Holdings information on this page should be used as a complementary analysis to other Tabcorp Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Tabcorp Pink Sheet analysis
When running Tabcorp Holdings' price analysis, check to measure Tabcorp Holdings' 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 Tabcorp Holdings is operating at the current time. Most of Tabcorp Holdings' value examination focuses on studying past and present price action to predict the probability of Tabcorp Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tabcorp Holdings' price. Additionally, you may evaluate how the addition of Tabcorp Holdings to your portfolios can decrease your overall portfolio volatility.
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