Thunderbird Entertainment Group Stock Market Value
| TBRD Stock | CAD 1.78 0.04 2.30% |
| Symbol | Thunderbird |
Thunderbird Entertainment Price To Book Ratio
Thunderbird Entertainment '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 Thunderbird Entertainment'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 Thunderbird Entertainment.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Thunderbird Entertainment on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thunderbird Entertainment Group or generate 0.0% return on investment in Thunderbird Entertainment over 30 days. Thunderbird Entertainment is related to or competes with Parkit Enterprise, WildBrain, and Quisitive Technology. Thunderbird Entertainment Group Inc. operates a multiplatform entertainment company in Canada and internationally More
Thunderbird Entertainment 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 Thunderbird Entertainment'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 Thunderbird Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 15.87 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 4.85 |
Thunderbird Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunderbird Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunderbird Entertainment's standard deviation. In reality, there are many statistical measures that can use Thunderbird Entertainment historical prices to predict the future Thunderbird Entertainment's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thunderbird Entertainment'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.
Thunderbird Entertainment Backtested Returns
Thunderbird Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0612, which indicates the firm had a -0.0612% return per unit of risk over the last 3 months. Thunderbird Entertainment Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thunderbird Entertainment's Risk Adjusted Performance of (0.07), coefficient of variation of (932.26), and Variance of 8.5 to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thunderbird Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thunderbird Entertainment is expected to be smaller as well. At this point, Thunderbird Entertainment has a negative expected return of -0.16%. Please make sure to validate Thunderbird Entertainment's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Thunderbird Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Thunderbird Entertainment Group has below average predictability. Overlapping area represents the amount of predictability between Thunderbird Entertainment time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Thunderbird Entertainment price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Thunderbird Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thunderbird Entertainment lagged returns against current returns
Autocorrelation, which is Thunderbird Entertainment 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 Thunderbird Entertainment's stock expected returns. We can calculate the autocorrelation of Thunderbird Entertainment returns to help us make a trade decision. For example, suppose you find that Thunderbird Entertainment 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 |
Thunderbird Entertainment 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 Thunderbird Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunderbird Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunderbird Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Thunderbird Entertainment Lagged Returns
When evaluating Thunderbird Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunderbird Entertainment stock have on its future price. Thunderbird Entertainment 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, Thunderbird Entertainment autocorrelation shows the relationship between Thunderbird Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Thunderbird Entertainment Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thunderbird Stock Analysis
When running Thunderbird Entertainment's price analysis, check to measure Thunderbird Entertainment's 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 Thunderbird Entertainment is operating at the current time. Most of Thunderbird Entertainment's value examination focuses on studying past and present price action to predict the probability of Thunderbird Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thunderbird Entertainment's price. Additionally, you may evaluate how the addition of Thunderbird Entertainment to your portfolios can decrease your overall portfolio volatility.