Thorney Technologies (Australia) Market Value
| TEK Stock | 0.14 0.01 6.67% |
| Symbol | Thorney |
Thorney Technologies '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 Thorney Technologies' 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 Thorney Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Thorney Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Thorney Technologies or generate 0.0% return on investment in Thorney Technologies over 30 days. Thorney Technologies is related to or competes with Westpac Banking, ABACUS STORAGE, Hotel Property, Origin Energy, and Insurance Australia. Thorney Technologies is entity of Australia More
Thorney Technologies 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 Thorney Technologies' 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 Thorney Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.32 | |||
| Information Ratio | 0.0128 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.69 |
Thorney Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thorney Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thorney Technologies' standard deviation. In reality, there are many statistical measures that can use Thorney Technologies historical prices to predict the future Thorney Technologies' volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.1613 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0064 | |||
| Treynor Ratio | 3.19 |
Thorney Technologies Backtested Returns
Currently, Thorney Technologies is out of control. Thorney Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0494, which indicates the firm had a 0.0494% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thorney Technologies, which you can use to evaluate the volatility of the company. Please validate Thorney Technologies' Semi Deviation of 2.55, risk adjusted performance of 0.0452, and Coefficient Of Variation of 2054.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Thorney Technologies has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.0525, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thorney Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Thorney Technologies is expected to be smaller as well. Thorney Technologies right now has a risk of 3.71%. Please validate Thorney Technologies treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Thorney Technologies will be following its existing price patterns.
Auto-correlation | 0.54 |
Modest predictability
Thorney Technologies has modest predictability. Overlapping area represents the amount of predictability between Thorney Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Thorney Technologies price movement. The serial correlation of 0.54 indicates that about 54.0% of current Thorney Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thorney Technologies lagged returns against current returns
Autocorrelation, which is Thorney Technologies 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 Thorney Technologies' stock expected returns. We can calculate the autocorrelation of Thorney Technologies returns to help us make a trade decision. For example, suppose you find that Thorney Technologies 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 |
Thorney Technologies 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 Thorney Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thorney Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thorney Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Thorney Technologies Lagged Returns
When evaluating Thorney Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thorney Technologies stock have on its future price. Thorney Technologies 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, Thorney Technologies autocorrelation shows the relationship between Thorney Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Thorney Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thorney Stock Analysis
When running Thorney Technologies' price analysis, check to measure Thorney Technologies' 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 Thorney Technologies is operating at the current time. Most of Thorney Technologies' value examination focuses on studying past and present price action to predict the probability of Thorney Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thorney Technologies' price. Additionally, you may evaluate how the addition of Thorney Technologies to your portfolios can decrease your overall portfolio volatility.