Tian Ruixiang Holdings Stock Price on March 8, 2024
| TIRX Stock | USD 2.92 0.14 5.04% |
If you're considering investing in Tian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tian Ruixiang stands at 2.92, as last reported on the 19th of May, with the highest price reaching 3.15 and the lowest price hitting 2.72 during the day. Tian Ruixiang appears to be dangerous, given 3 months investment horizon. Tian Ruixiang Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0276, which indicates the firm had a 0.0276% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tian Ruixiang Holdings, which you can use to evaluate the volatility of the company. Please review Tian Ruixiang's Risk Adjusted Performance of 0.034, semi deviation of 7.85, and Coefficient Of Variation of 2392.88 to confirm if our risk estimates are consistent with your expectations.
At this time, Tian Ruixiang's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Total Equity is likely to rise to 6,000 in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 221.7 K in 2024. . Price To Sales Ratio is likely to drop to 3.04 in 2024. Price Earnings Ratio is likely to rise to -0.88 in 2024. Tian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tian |
Sharpe Ratio = 0.0276
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Estimated Market Risk
| 10.46 actual daily | 92 92% of assets are less volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Tian Ruixiang is performing at about 2% 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 Tian Ruixiang by adding it to a well-diversified portfolio.
Price Book 0.0478 | Enterprise Value Ebitda 11.7464 | Price Sales 1.4589 | Shares Float 483.2 K | Earnings Share (4.45) |
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Tian Ruixiang Valuation on March 8, 2024
It is possible to determine the worth of Tian Ruixiang on a given historical date. On March 8, 2024 Tian was worth 0.56 at the beginning of the trading date compared to the closed value of 2.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tian Ruixiang stock. Still, in general, we apply an absolute valuation method to find Tian Ruixiang'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 Tian Ruixiang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tian Ruixiang's related companies.
| Open | High | Low | Close | Volume | |
| 0.55 | 2.82 | 2.82 | 2.82 | 33,978 | |
03/08/2024 | 0.56 | 2.71 | 2.71 | 2.71 | 16,928 |
| 0.56 | 2.80 | 2.80 | 2.80 | 7,193 |
| Backtest Tian Ruixiang | | | Tian Ruixiang History | | | Tian Ruixiang Valuation | Previous | Next |
Tian Ruixiang Trading Date Momentum on March 8, 2024
| On March 11 2024 Tian Ruixiang Holdings was traded for 2.80 at the closing time. The top price for the day was 2.80 and the lowest listed price was 2.80 . The trading volume for the day was 7.2 K. The trading history from March 11, 2024 was a factor to the next trading day price jump. The trading price change against the next closing price was 3.32% . The trading price change against the current closing price is 79.70% . |
Tian Ruixiang Holdings Fundamentals Correlations and Trends
By evaluating Tian Ruixiang'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 Tian Ruixiang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tian Ruixiang Stock history
Tian Ruixiang 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 Tian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tian Ruixiang 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 Tian Ruixiang stock prices may prove useful in developing a viable investing in Tian Ruixiang
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 233.4 K | 221.7 K | |
| Net Loss | -4.2 M | -4 M |
Tian Ruixiang Quarterly Net Working Capital |
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Tian Ruixiang Stock Technical Analysis
Tian Ruixiang technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Tian Ruixiang Period Price Range
Low | March 8, 2024
| High |
0.56 | 2.71 |
Tian Ruixiang May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Tian Ruixiang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tian Ruixiang shares will generate the highest return on investment. By undertsting and applying Tian Ruixiang stock market strength indicators, traders can identify Tian Ruixiang Holdings entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 4.84 | |||
| Day Median Price | 2.71 | |||
| Day Typical Price | 2.71 | |||
| Price Action Indicator | 1.08 | |||
| Period Momentum Indicator | 0.21 |
Tian Ruixiang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tian Ruixiang's price direction in advance. Along with the technical and fundamental analysis of Tian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tian 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 | 0.034 | |||
| Jensen Alpha | 0.6416 | |||
| Total Risk Alpha | (1.33) | |||
| Sortino Ratio | 0.0463 | |||
| Treynor Ratio | (0.28) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tian Ruixiang Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Tian Stock analysis
When running Tian Ruixiang's price analysis, check to measure Tian Ruixiang'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 Tian Ruixiang is operating at the current time. Most of Tian Ruixiang's value examination focuses on studying past and present price action to predict the probability of Tian Ruixiang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tian Ruixiang's price. Additionally, you may evaluate how the addition of Tian Ruixiang to your portfolios can decrease your overall portfolio volatility.
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Is Tian Ruixiang's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tian Ruixiang. If investors know Tian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tian Ruixiang listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.45) | Revenue Per Share 1.984 | Quarterly Revenue Growth (0.23) | Return On Assets (0.05) | Return On Equity (0.07) |
The market value of Tian Ruixiang Holdings is measured differently than its book value, which is the value of Tian that is recorded on the company's balance sheet. Investors also form their own opinion of Tian Ruixiang's value that differs from its market value or its book value, called intrinsic value, which is Tian Ruixiang's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tian Ruixiang's market value can be influenced by many factors that don't directly affect Tian Ruixiang's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tian Ruixiang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tian Ruixiang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tian Ruixiang's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.