Thruvision Group Plc Stock Market Value
| DIGTF Stock | USD 0.22 0.00 0.00% |
| Symbol | Thruvision |
Thruvision Group '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 Thruvision Group's pink sheet 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 Thruvision Group.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Thruvision Group on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Thruvision Group plc or generate 0.0% return on investment in Thruvision Group over 360 days. Thruvision Group is related to or competes with Allegion PLC, MSA Safety, HUMANA, Thrivent High, Morningstar Unconstrained, High-yield Municipal, and Via Renewables. Thruvision Group plc engages in development, manufacture, and sale of passive people-screening technology in the United ... More
Thruvision Group 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 Thruvision Group's pink sheet 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 Thruvision Group plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0184 | |||
| Maximum Drawdown | 44.76 |
Thruvision Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thruvision Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thruvision Group's standard deviation. In reality, there are many statistical measures that can use Thruvision Group historical prices to predict the future Thruvision Group's volatility.| Risk Adjusted Performance | 0.0397 | |||
| Jensen Alpha | 0.2719 | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thruvision Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thruvision Group plc Backtested Returns
Thruvision Group appears to be out of control, given 3 months investment horizon. Thruvision Group plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0407, which indicates the firm had a 0.0407% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Thruvision Group plc, which you can use to evaluate the volatility of the company. Please review Thruvision Group's Coefficient Of Variation of 2472.92, risk adjusted performance of 0.0397, and Variance of 39.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thruvision Group holds a performance score of 3. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thruvision Group are expected to decrease at a much lower rate. During the bear market, Thruvision Group is likely to outperform the market. Please check Thruvision Group's information ratio and kurtosis , to make a quick decision on whether Thruvision Group's existing price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Thruvision Group plc has poor reverse predictability. Overlapping area represents the amount of predictability between Thruvision Group time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Thruvision Group plc price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Thruvision Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thruvision Group plc lagged returns against current returns
Autocorrelation, which is Thruvision Group pink sheet'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 Thruvision Group's pink sheet expected returns. We can calculate the autocorrelation of Thruvision Group returns to help us make a trade decision. For example, suppose you find that Thruvision Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
| Timeline |
Thruvision Group 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 Thruvision Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thruvision Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thruvision Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Thruvision Group Lagged Returns
When evaluating Thruvision Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thruvision Group pink sheet have on its future price. Thruvision Group 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, Thruvision Group autocorrelation shows the relationship between Thruvision Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Thruvision Group plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thruvision Pink Sheet
Thruvision Group financial ratios help investors to determine whether Thruvision Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Thruvision with respect to the benefits of owning Thruvision Group security.