Thor Financial Technologies Etf Price on May 17, 2024
| THLV Etf | USD 29.51 0.08 0.27% |
If you're considering investing in THOR Etf, it is important to understand the factors that can impact its price. As of today, the current price of THOR Financial stands at 29.51, as last reported on the 4th of December, with the highest price reaching 29.56 and the lowest price hitting 29.47 during the day. At this stage we consider THOR Etf to be very steady. THOR Financial Techn owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for THOR Financial Technologies, which you can use to evaluate the volatility of the etf. Please validate THOR Financial's risk adjusted performance of 0.0749, and Coefficient Of Variation of 977.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.0881%.
THOR Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
THOR |
Sharpe Ratio = 0.1595
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Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average THOR Financial is performing at about 12% 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 THOR Financial by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 123 K |
THOR Financial Valuation on May 17, 2024
It is possible to determine the worth of THOR Financial on a given historical date. On May 17, 2024 THOR was worth 27.18 at the beginning of the trading date compared to the closed value of 27.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of THOR Financial etf. Still, in general, we apply an absolute valuation method to find THOR Financial'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 THOR Financial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against THOR Financial's related companies.
| Open | High | Low | Close | Volume | |
| 27.29 | 27.29 | 27.23 | 27.23 | 2,400 | |
05/17/2024 | 27.18 | 27.31 | 27.18 | 27.30 | 2,100 |
| 27.28 | 27.28 | 27.22 | 27.23 | 8,800 |
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THOR Financial Trading Date Momentum on May 17, 2024
| On May 20 2024 THOR Financial Technologies was traded for 27.23 at the closing time. The top price for the day was 27.28 and the lowest listed price was 27.22 . The trading volume for the day was 8.8 K. The trading history from May 20, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.26% . The trading price change against the current closing price is 1.58% . |
THOR Financial Techn Fundamentals Correlations and Trends
By evaluating THOR Financial'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 THOR Financial's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. THOR financial account trend analysis is a perfect complement when working with valuation or volatility modules.About THOR Financial Etf history
THOR Financial 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 THOR is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in THOR Financial Techn 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 THOR Financial stock prices may prove useful in developing a viable investing in THOR Financial
The fund seeks to achieve its investment objective by investing at least 80 percent of its total assets in securities included in the index. Thor Low is traded on NYSEARCA Exchange in the United States.
THOR Financial Etf Technical Analysis
THOR Financial technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
THOR Financial Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
THOR Financial Technologies cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
THOR Financial December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how THOR Financial etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading THOR Financial shares will generate the highest return on investment. By undertsting and applying THOR Financial etf market strength indicators, traders can identify THOR Financial Technologies entry and exit signals to maximize returns
THOR Financial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for THOR Financial's price direction in advance. Along with the technical and fundamental analysis of THOR Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of THOR 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 | 0.0749 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0768 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in THOR Financial Technologies. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of THOR Financial Techn is measured differently than its book value, which is the value of THOR that is recorded on the company's balance sheet. Investors also form their own opinion of THOR Financial's value that differs from its market value or its book value, called intrinsic value, which is THOR Financial'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 THOR Financial's market value can be influenced by many factors that don't directly affect THOR Financial'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 THOR Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if THOR Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THOR Financial'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.