Tricon Capital Group Stock Technical Analysis

TCN Stock  USD 11.15  0.02  0.18%   
As of the 19th of March, Tricon Capital has the Coefficient Of Variation of 651.26, risk adjusted performance of 0.1054, and Semi Deviation of 0.3915. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tricon Capital Group, 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 break down nineteen technical drivers for Tricon Capital Group, which can be compared to its competition. Please validate Tricon Capital Group coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Tricon Capital is priced more or less accurately, providing market reflects its prevalent price of 11.15 per share. Given that Tricon Capital Group has jensen alpha of 0.3045, we advise you to double-check Tricon Capital Group's current market performance to make sure the company can sustain itself at a future point.

Tricon Capital Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tricon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Tricon
  
Tricon Capital's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Tricon Capital Analyst Consensus

Target PriceAdvice# of Analysts
10.16Buy10Odds
Tricon Capital Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Tricon analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Tricon stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Tricon Capital Group, talking to its executives and customers, or listening to Tricon conference calls.
Tricon Analyst Advice Details
Tricon Capital 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.
A focus of Tricon Capital technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tricon Capital trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Tricon Capital Group Technical Analysis

Indicator
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The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Tricon Capital Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Tricon Capital Group Trend Analysis

Use this graph to draw trend lines for Tricon Capital Group. You can use it to identify possible trend reversals for Tricon Capital as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tricon Capital price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Tricon Capital Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Tricon Capital Group applied against its price change over selected period. The best fit line has a slop of   0.05  , which may imply that Tricon Capital Group will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 80.82, which is the sum of squared deviations for the predicted Tricon Capital price change compared to its average price change.

About Tricon Capital Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tricon Capital Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tricon Capital Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tricon Capital Group price pattern first instead of the macroeconomic environment surrounding Tricon Capital Group. By analyzing Tricon Capital's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tricon Capital's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tricon Capital specific price patterns or momentum indicators. Please read more on our technical analysis page.

Tricon Capital March 19, 2024 Technical Indicators

Most technical analysis of Tricon help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tricon from various momentum indicators to cycle indicators. When you analyze Tricon charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Tricon Capital March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Tricon stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Tricon Capital Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tricon Capital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tricon Capital Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tricon Capital Group Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tricon Capital Group. 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 Tricon Capital Group information on this page should be used as a complementary analysis to other Tricon Capital's 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Tricon Stock analysis

When running Tricon Capital's price analysis, check to measure Tricon Capital'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 Tricon Capital is operating at the current time. Most of Tricon Capital's value examination focuses on studying past and present price action to predict the probability of Tricon Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tricon Capital's price. Additionally, you may evaluate how the addition of Tricon Capital to your portfolios can decrease your overall portfolio volatility.
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Is Tricon Capital'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 Tricon Capital. If investors know Tricon 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 Tricon Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.62)
Dividend Share
0.232
Earnings Share
0.41
Revenue Per Share
3.233
Quarterly Revenue Growth
0.135
The market value of Tricon Capital Group is measured differently than its book value, which is the value of Tricon that is recorded on the company's balance sheet. Investors also form their own opinion of Tricon Capital's value that differs from its market value or its book value, called intrinsic value, which is Tricon Capital'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 Tricon Capital's market value can be influenced by many factors that don't directly affect Tricon Capital'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 Tricon Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tricon Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tricon Capital'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.