Thermador Groupe (France) Market Value
| THEP Stock | EUR 68.90 0.90 1.29% |
| Symbol | Thermador |
Thermador Groupe '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 Thermador Groupe'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 Thermador Groupe.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Thermador Groupe on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Thermador Groupe SA or generate 0.0% return on investment in Thermador Groupe over 360 days. Thermador Groupe is related to or competes with Stef SA, Robertet, Grard Perrier, Aubay Socit, and Virbac SA. Thermador Groupe SA, together with its subsidiaries, engages in the distribution business in France More
Thermador Groupe 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 Thermador Groupe'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 Thermador Groupe SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.92 |
Thermador Groupe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thermador Groupe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thermador Groupe's standard deviation. In reality, there are many statistical measures that can use Thermador Groupe historical prices to predict the future Thermador Groupe's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.93) |
Thermador Groupe Backtested Returns
Thermador Groupe owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Thermador Groupe SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermador Groupe's Variance of 2.07, coefficient of variation of (800.30), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thermador Groupe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thermador Groupe is expected to be smaller as well. At this point, Thermador Groupe has a negative expected return of -0.19%. Please make sure to validate Thermador Groupe's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Thermador Groupe performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Thermador Groupe SA has very good reverse predictability. Overlapping area represents the amount of predictability between Thermador Groupe time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Thermador Groupe price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Thermador Groupe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 20.98 |
Thermador Groupe lagged returns against current returns
Autocorrelation, which is Thermador Groupe 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 Thermador Groupe's stock expected returns. We can calculate the autocorrelation of Thermador Groupe returns to help us make a trade decision. For example, suppose you find that Thermador Groupe 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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Thermador Groupe 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 Thermador Groupe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thermador Groupe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thermador Groupe stock over time.
Current vs Lagged Prices |
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Thermador Groupe Lagged Returns
When evaluating Thermador Groupe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thermador Groupe stock have on its future price. Thermador Groupe 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, Thermador Groupe autocorrelation shows the relationship between Thermador Groupe stock current value and its past values and can show if there is a momentum factor associated with investing in Thermador Groupe SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Thermador Stock
Thermador Groupe financial ratios help investors to determine whether Thermador 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 Thermador with respect to the benefits of owning Thermador Groupe security.