Thoresen Thai (Germany) Market Value
| NYVU Stock | EUR 0.11 0.01 8.33% |
| Symbol | Thoresen |
Thoresen Thai '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 Thoresen Thai's 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 Thoresen Thai.
| 02/04/2025 |
| 03/06/2025 |
If you would invest 0.00 in Thoresen Thai on February 4, 2025 and sell it all today you would earn a total of 0.00 from holding Thoresen Thai Agencies or generate 0.0% return on investment in Thoresen Thai over 30 days. Thoresen Thai is related to or competes with Tencent Music, UNIVERSAL MUSIC, COLUMBIA SPORTSWEAR, Transport International, and Air Transport. Thoresen Thai Agencies Public Company Limited, an investment holding company, provides shipping-related services in Thai... More
Thoresen Thai 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 Thoresen Thai's 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 Thoresen Thai Agencies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 29.09 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Thoresen Thai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thoresen Thai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thoresen Thai's standard deviation. In reality, there are many statistical measures that can use Thoresen Thai historical prices to predict the future Thoresen Thai's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | 0.1405 | |||
| Treynor Ratio | 0.3781 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thoresen Thai'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.
Thoresen Thai Agencies Backtested Returns
Thoresen Thai Agencies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0817, which indicates the firm had a -0.0817 % return per unit of risk over the last 3 months. Thoresen Thai Agencies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thoresen Thai's Risk Adjusted Performance of (0.03), variance of 22.9, and Coefficient Of Variation of (1,880) to confirm the risk estimate we provide. The entity has a beta of -0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thoresen Thai are expected to decrease at a much lower rate. During the bear market, Thoresen Thai is likely to outperform the market. At this point, Thoresen Thai Agencies has a negative expected return of -0.41%. Please make sure to validate Thoresen Thai's kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if Thoresen Thai Agencies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Thoresen Thai Agencies has insignificant predictability. Overlapping area represents the amount of predictability between Thoresen Thai time series from 4th of February 2025 to 19th of February 2025 and 19th of February 2025 to 6th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thoresen Thai Agencies price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Thoresen Thai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thoresen Thai Agencies lagged returns against current returns
Autocorrelation, which is Thoresen Thai 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 Thoresen Thai's stock expected returns. We can calculate the autocorrelation of Thoresen Thai returns to help us make a trade decision. For example, suppose you find that Thoresen Thai 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 |
| Timeline |
Thoresen Thai 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 Thoresen Thai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thoresen Thai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thoresen Thai stock over time.
Current vs Lagged Prices |
| Timeline |
Thoresen Thai Lagged Returns
When evaluating Thoresen Thai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thoresen Thai stock have on its future price. Thoresen Thai 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, Thoresen Thai autocorrelation shows the relationship between Thoresen Thai stock current value and its past values and can show if there is a momentum factor associated with investing in Thoresen Thai Agencies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thoresen Stock
Thoresen Thai financial ratios help investors to determine whether Thoresen Stock 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 Thoresen with respect to the benefits of owning Thoresen Thai security.