Thor Industries (UK) Market Value
| 0LF8 Stock | 102.15 1.21 1.17% |
| Symbol | Thor |
Thor Industries '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 Thor Industries' stock 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 Thor Industries.
| 06/22/2024 |
| 12/19/2024 |
If you would invest 0.00 in Thor Industries on June 22, 2024 and sell it all today you would earn a total of 0.00 from holding Thor Industries or generate 0.0% return on investment in Thor Industries over 180 days. Thor Industries is related to or competes with Dalata Hotel, Bet At, Melia Hotels, Capital Drilling, Alstria Office, Wyndham Hotels, and Host Hotels. Thor Industries is entity of United Kingdom More
Thor Industries 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 Thor Industries' stock 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 Thor Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0285 | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 4.62 |
Thor Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thor Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thor Industries' standard deviation. In reality, there are many statistical measures that can use Thor Industries historical prices to predict the future Thor Industries' volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.0769 | |||
| Total Risk Alpha | 0.0305 | |||
| Sortino Ratio | 0.03 | |||
| Treynor Ratio | 0.1169 |
Thor Industries Backtested Returns
Currently, Thor Industries is very steady. Thor Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 5.0E-4, which indicates the firm had a 5.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thor Industries, which you can use to evaluate the volatility of the company. Please validate Thor Industries' Risk Adjusted Performance of 0.0386, coefficient of variation of 2506.8, and Semi Deviation of 2.22 to confirm if the risk estimate we provide is consistent with the expected return of 0.0012%. The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thor Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Thor Industries is expected to be smaller as well. Thor Industries right now has a risk of 2.5%. Please validate Thor Industries downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Thor Industries will be following its existing price patterns.
Auto-correlation | 0.25 |
Poor predictability
Thor Industries has poor predictability. Overlapping area represents the amount of predictability between Thor Industries time series from 22nd of June 2024 to 20th of September 2024 and 20th of September 2024 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thor Industries price movement. The serial correlation of 0.25 indicates that over 25.0% of current Thor Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 10.06 |
Thor Industries lagged returns against current returns
Autocorrelation, which is Thor Industries stock'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 Thor Industries' stock expected returns. We can calculate the autocorrelation of Thor Industries returns to help us make a trade decision. For example, suppose you find that Thor Industries has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Thor Industries 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 Thor Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thor Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thor Industries stock over time.
Current vs Lagged Prices |
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Thor Industries Lagged Returns
When evaluating Thor Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thor Industries stock have on its future price. Thor Industries 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, Thor Industries autocorrelation shows the relationship between Thor Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Thor Industries.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Thor Stock Analysis
When running Thor Industries' price analysis, check to measure Thor Industries' 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 Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.