Thunderstruck Resources Stock Market Value
| AWE Stock | CAD 0.06 0.01 20.00% |
| Symbol | Thunderstruck |
Thunderstruck Resources Price To Book Ratio
Thunderstruck Resources '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 Thunderstruck Resources' 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 Thunderstruck Resources.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Thunderstruck Resources on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Thunderstruck Resources or generate 0.0% return on investment in Thunderstruck Resources over 570 days. Thunderstruck Resources Ltd. acquires and explores for mineral properties on the Island of Viti Levu, Fiji More
Thunderstruck Resources 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 Thunderstruck Resources' 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 Thunderstruck Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.78 | |||
| Information Ratio | 0.0218 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 12.5 |
Thunderstruck Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunderstruck Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunderstruck Resources' standard deviation. In reality, there are many statistical measures that can use Thunderstruck Resources historical prices to predict the future Thunderstruck Resources' volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.0693 | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.1585 |
Thunderstruck Resources Backtested Returns
Thunderstruck Resources appears to be out of control, given 3 months investment horizon. Thunderstruck Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0385, which indicates the firm had a 0.0385% return per unit of risk over the last 3 months. We have found thirty technical indicators for Thunderstruck Resources, which you can use to evaluate the volatility of the company. Please review Thunderstruck Resources' Risk Adjusted Performance of 0.0386, semi deviation of 5.85, and Coefficient Of Variation of 2596.33 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thunderstruck Resources holds a performance score of 3. The entity has a beta of 1.84, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thunderstruck Resources will likely underperform. Please check Thunderstruck Resources' maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Thunderstruck Resources' existing price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Thunderstruck Resources has average predictability. Overlapping area represents the amount of predictability between Thunderstruck Resources time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th of November 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 Thunderstruck Resources price movement. The serial correlation of 0.47 indicates that about 47.0% of current Thunderstruck Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thunderstruck Resources lagged returns against current returns
Autocorrelation, which is Thunderstruck Resources 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 Thunderstruck Resources' stock expected returns. We can calculate the autocorrelation of Thunderstruck Resources returns to help us make a trade decision. For example, suppose you find that Thunderstruck Resources 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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Thunderstruck Resources 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 Thunderstruck Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunderstruck Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunderstruck Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Thunderstruck Resources Lagged Returns
When evaluating Thunderstruck Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunderstruck Resources stock have on its future price. Thunderstruck Resources 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, Thunderstruck Resources autocorrelation shows the relationship between Thunderstruck Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Thunderstruck Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thunderstruck Stock Analysis
When running Thunderstruck Resources' price analysis, check to measure Thunderstruck 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 Thunderstruck Resources is operating at the current time. Most of Thunderstruck Resources' value examination focuses on studying past and present price action to predict the probability of Thunderstruck Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thunderstruck Resources' price. Additionally, you may evaluate how the addition of Thunderstruck Resources to your portfolios can decrease your overall portfolio volatility.