True North Gems Stock Analysis

True Stock Analysis Notes

The company has price-to-book ratio of 0.05. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. True North Gems recorded a loss per share of 0.03. The entity last dividend was issued on the 14th of February 2019. The firm had 1:10 split on the 14th of February 2019. True North Gems Inc. engages in the acquisition, exploration, and development of mineral properties. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada. TRUE NORTH operates under Other Precious Metals Mining classification in Canada and is traded on TSX Venture Exchange. To find out more about True North Gems contact Andrew Smith at 604 687 8055 or learn more at https://www.truenorthgems.com.

True North Gems Investment Alerts

True Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 2.05 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate True North's market, we take the total number of its shares issued and multiply it by True North's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Management Efficiency

True North Gems has return on total asset (ROA) of (1.2485) % which means that it has lost $1.2485 on every $100 spent on assets. This is way below average. True North's management efficiency ratios could be used to measure how well True North manages its routine affairs as well as how well it operates its assets and liabilities. Non Current Assets Total is likely to climb to about 113.6 K in 2024, whereas Total Assets are likely to drop slightly above 133.1 K in 2024.

Technical Drivers

As of the 24th of April, True North has the Variance of 80.81, risk adjusted performance of 0.0846, and Coefficient Of Variation of 827.87. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of True North Gems, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate twelve technical drivers for True North Gems, which can be compared to its competition. Please validate True North Gems market risk adjusted performance, total risk alpha, as well as the relationship between the Total Risk Alpha and kurtosis to decide if True North is priced more or less accurately, providing market reflects its prevalent price of 0.065 per share.

True North Gems Price Movement Analysis

True North Predictive Daily Indicators

True North Forecast Models

True North's time-series forecasting models are one of many True North's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary True North's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how True North prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling True shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as True North. By using and applying True Stock analysis, traders can create a robust methodology for identifying True entry and exit points for their positions.

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When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.