Thungela Resources (South Africa) Today
| TGA Stock | 12,964 69.00 0.54% |
Performance9 of 100
| Odds Of DistressLess than 9
|
Thungela Resources is trading at 12964.00 as of the 5th of May 2024, a 0.54 percent increase since the beginning of the trading day. The stock's lowest day price was 12914.0. Thungela Resources has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Thungela Resources Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
Moving against Thungela Stock
| 0.89 | SLM | SLM Corp | PairCorr |
| 0.88 | SBK | Standard Bank Group | PairCorr |
| 0.83 | OMU | Old Mutual | PairCorr |
| 0.77 | SHP | Shoprite Holdings | PairCorr |
| 0.67 | BID | Bid Corporation | PairCorr |
Follow Valuation Odds of Bankruptcy
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Thungela Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Thungela Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Thungela Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Thermal Coal, Energy (View all Sectors) |
Thungela Resources Limited (TGA) is traded on Johannesburg Exchange in South Africa and employs 10 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 11.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Thungela Resources's market, we take the total number of its shares issued and multiply it by Thungela Resources'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. Thungela Resources operates under Energy sector and is part of Thermal Coal industry. The entity has 133.6 M outstanding shares.
Thungela Resources generates positive cash flow from operations, but has no cash available
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Ownership AllocationThungela Resources shows a total of 133.6 Million outstanding shares. 30% of Thungela Resources outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Thungela Ownership Details
Thungela Stock Price Odds Analysis
What are Thungela Resources' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Thungela Resources jumping above the current price in 90 days from now is about 12.28%. The Thungela Resources Limited probability density function shows the probability of Thungela Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Thungela Resources Limited has a beta of -0.4944. This usually implies as returns on the benchmark increase, returns on holding Thungela Resources are expected to decrease at a much lower rate. During a bear market, however, Thungela Resources Limited is likely to outperform the market. Additionally, thungela Resources Limited has an alpha of 0.2542, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Thungela Resources to move above the current price in 90 days from now is about 12.28 (This Thungela Resources Limited probability density function shows the probability of Thungela Stock to fall within a particular range of prices over 90 days) .
Thungela Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Thungela Resources market risk premium is the additional return an investor will receive from holding Thungela Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Thungela Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Thungela Resources' alpha and beta are two of the key measurements used to evaluate Thungela Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.66 | |||
| Semi Deviation | 1.76 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.75 |
Thungela Stock Against Markets
Picking the right benchmark for Thungela Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Thungela Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Thungela Resources is critical whether you are bullish or bearish towards Thungela Resources Limited at a given time. Please also check how Thungela Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thungela Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Thungela Resources Corporate Management
Elected by the shareholders, the Thungela Resources' board of directors comprises two types of representatives: Thungela Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thungela. The board's role is to monitor Thungela Resources' management team and ensure that shareholders' interests are well served. Thungela Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Thungela Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mpumi Sithole | Exec Affairs | Profile | |
| Gideon Law | CFO Director | Profile | |
| Lesego Mataboge | Ex HR | Profile | |
| Daniel Klem | Company Sec | Profile | |
| BSc BLP | CEO Director | Profile | |
| Leslie Martin | Ex Technical | Profile | |
| Johan Schalkwyk | Chief Officer | Profile |
How to buy Thungela Stock?
Before investing in Thungela Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Thungela Resources. To buy Thungela Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Thungela Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Thungela Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Thungela Resources Limited stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Thungela Resources Limited stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Thungela Resources Limited, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Thungela Resources Limited?
The danger of trading Thungela Resources Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Thungela Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Thungela Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Thungela Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thungela Resources 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 inflation. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Thungela Stock 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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