Thor Financial Technologies Etf Market Value
| THIR Etf | 32.42 0.20 0.62% |
| Symbol | THOR |
The market value of THOR Financial Techn is measured differently than its book value, which is the value of THOR that is recorded on the company's balance sheet. Investors also form their own opinion of THOR Financial's value that differs from its market value or its book value, called intrinsic value, which is THOR Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because THOR Financial's market value can be influenced by many factors that don't directly affect THOR Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between THOR Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if THOR Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THOR Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
THOR Financial '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 THOR Financial's etf 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 THOR Financial.
| 12/04/2025 |
| 01/03/2026 |
If you would invest 0.00 in THOR Financial on December 4, 2025 and sell it all today you would earn a total of 0.00 from holding THOR Financial Technologies or generate 0.0% return on investment in THOR Financial over 30 days. THOR Financial is related to or competes with Invesco SP, Nicholas Global, 2023 ETF, Pacer Swan, Franklin Core, Innovator ETFs, and ProShares. THOR Financial is entity of United States More
THOR Financial 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 THOR Financial's etf 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 THOR Financial Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8926 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.2 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.25 |
THOR Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THOR Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THOR Financial's standard deviation. In reality, there are many statistical measures that can use THOR Financial historical prices to predict the future THOR Financial's volatility.| Risk Adjusted Performance | 0.0517 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0463 |
THOR Financial Techn Backtested Returns
Currently, THOR Financial Technologies is very steady. THOR Financial Techn owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0569, which indicates the etf had a 0.0569 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for THOR Financial Technologies, which you can use to evaluate the volatility of the etf. Please validate THOR Financial's coefficient of variation of 1402.21, and Risk Adjusted Performance of 0.0517 to confirm if the risk estimate we provide is consistent with the expected return of 0.0467%. The entity has a beta of 1.01, which indicates a somewhat significant risk relative to the market. THOR Financial returns are very sensitive to returns on the market. As the market goes up or down, THOR Financial is expected to follow.
Auto-correlation | -0.19 |
Insignificant reverse predictability
THOR Financial Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between THOR Financial time series from 4th of December 2025 to 19th of December 2025 and 19th of December 2025 to 3rd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of THOR Financial Techn price movement. The serial correlation of -0.19 indicates that over 19.0% of current THOR Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
THOR Financial Techn lagged returns against current returns
Autocorrelation, which is THOR Financial etf'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 THOR Financial's etf expected returns. We can calculate the autocorrelation of THOR Financial returns to help us make a trade decision. For example, suppose you find that THOR Financial has exhibited high autocorrelation historically, and you observe that the etf 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 |
THOR Financial 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 THOR Financial etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THOR Financial etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THOR Financial etf over time.
Current vs Lagged Prices |
| Timeline |
THOR Financial Lagged Returns
When evaluating THOR Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THOR Financial etf have on its future price. THOR Financial 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, THOR Financial autocorrelation shows the relationship between THOR Financial etf current value and its past values and can show if there is a momentum factor associated with investing in THOR Financial Technologies.
Regressed Prices |
| Timeline |
Pair Trading with THOR Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if THOR Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in THOR Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with THOR Etf
| 0.87 | VTI | Vanguard Total Stock | PairCorr |
| 0.98 | SPY | SPDR SP 500 | PairCorr |
| 0.98 | IVV | iShares Core SP | PairCorr |
| 0.79 | VTV | Vanguard Value Index | PairCorr |
The ability to find closely correlated positions to THOR Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THOR Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back THOR Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling THOR Financial Technologies to buy it.
The correlation of THOR Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as THOR Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if THOR Financial Techn moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for THOR Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out THOR Financial Correlation, THOR Financial Volatility and THOR Financial Alpha and Beta module to complement your research on THOR Financial. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
THOR Financial technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.