TNG's market value is the price at which a share of TNG trades on a public exchange. It measures the collective expectations of TNG Limited investors about its performance. TNG is trading at 0.065 as of the 29th of July 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.065. With this module, you can estimate the performance of a buy and hold strategy of TNG Limited and determine expected loss or profit from investing in TNG over a given investment horizon. Check out TNG Correlation, TNG Volatility and TNG Alpha and Beta module to complement your research on TNG.
Please note, there is a significant difference between TNG's value and its price as these two are different measures arrived at by different means. Investors typically determine if TNG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TNG'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.
TNG 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TNG's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TNG.
0.00
04/30/2025
No Change 0.00
0.0
In 3 months and 1 day
07/29/2025
0.00
If you would invest 0.00 in TNG on April 30, 2025 and sell it all today you would earn a total of 0.00 from holding TNG Limited or generate 0.0% return on investment in TNG over 90 days. TNG is related to or competes with Herc Holdings, Titan International, Federal Home, Griffon, McGrath RentCorp, Willscot Mobile, and CECO Environmental. TNG Limited engages in the exploration, evaluation, and development of mineral properties in Australia More
TNG Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TNG's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TNG Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TNG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TNG's standard deviation. In reality, there are many statistical measures that can use TNG historical prices to predict the future TNG's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TNG. Your research has to be compared to or analyzed against TNG's peers to derive any actionable benefits. When done correctly, TNG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in TNG Limited.
TNG Limited Backtested Returns
TNG appears to be out of control, given 3 months investment horizon. TNG Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13 % return per unit of volatility over the last 3 months. We have found sixteen technical indicators for TNG Limited, which you can use to evaluate the volatility of the company. Please review TNG's risk adjusted performance of 0.1028, and Variance of 5.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TNG holds a performance score of 9. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TNG's returns are expected to increase less than the market. However, during the bear market, the loss of holding TNG is expected to be smaller as well. Please check TNG's standard deviation and skewness , to make a quick decision on whether TNG's existing price patterns will revert.
Auto-correlation
0.33
Below average predictability
TNG Limited has below average predictability. Overlapping area represents the amount of predictability between TNG time series from 30th of April 2025 to 14th of June 2025 and 14th of June 2025 to 29th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TNG Limited price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current TNG price fluctuation can be explain by its past prices.
Correlation Coefficient
0.33
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.0
TNG Limited lagged returns against current returns
Autocorrelation, which is TNG pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TNG's pink sheet expected returns. We can calculate the autocorrelation of TNG returns to help us make a trade decision. For example, suppose you find that TNG has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
TNG regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TNG pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TNG pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TNG pink sheet over time.
Current vs Lagged Prices
Timeline
TNG Lagged Returns
When evaluating TNG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TNG pink sheet have on its future price. TNG autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TNG autocorrelation shows the relationship between TNG pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TNG Limited.
TNG financial ratios help investors to determine whether TNG Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TNG with respect to the benefits of owning TNG security.