Thule Group (Sweden) Market Value
| THULE Stock | SEK 344.40 10.00 2.82% |
| Symbol | Thule |
Thule Group '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 Thule Group'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 Thule Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Thule Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Thule Group AB or generate 0.0% return on investment in Thule Group over 30 days. Thule Group is related to or competes with MIPS AB, NIBE Industrier, Dometic Group, Husqvarna, and Lifco AB. Thule Group AB operates in the sports and outdoor sector worldwide More
Thule Group 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 Thule Group'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 Thule Group AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 20.93 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.6 |
Thule Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thule Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thule Group's standard deviation. In reality, there are many statistical measures that can use Thule Group historical prices to predict the future Thule Group's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | 0.328 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | (0.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thule Group'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.
Thule Group AB Backtested Returns
Thule Group appears to be very steady, given 3 months investment horizon. Thule Group AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.09, which indicates the firm had a 0.09% return per unit of risk over the last 3 months. We have found thirty technical indicators for Thule Group AB, which you can use to evaluate the volatility of the company. Please review Thule Group's Coefficient Of Variation of 930.65, semi deviation of 2.02, and Risk Adjusted Performance of 0.0894 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thule Group holds a performance score of 7. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thule Group are expected to decrease at a much lower rate. During the bear market, Thule Group is likely to outperform the market. Please check Thule Group's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Thule Group's existing price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Thule Group AB has below average predictability. Overlapping area represents the amount of predictability between Thule Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Thule Group AB price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Thule Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 37.07 |
Thule Group AB lagged returns against current returns
Autocorrelation, which is Thule Group 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 Thule Group's stock expected returns. We can calculate the autocorrelation of Thule Group returns to help us make a trade decision. For example, suppose you find that Thule Group 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 |
Thule Group 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 Thule Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thule Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thule Group stock over time.
Current vs Lagged Prices |
| Timeline |
Thule Group Lagged Returns
When evaluating Thule Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thule Group stock have on its future price. Thule Group 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, Thule Group autocorrelation shows the relationship between Thule Group stock current value and its past values and can show if there is a momentum factor associated with investing in Thule Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thule Stock Analysis
When running Thule Group's price analysis, check to measure Thule Group'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 Thule Group is operating at the current time. Most of Thule Group's value examination focuses on studying past and present price action to predict the probability of Thule Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thule Group's price. Additionally, you may evaluate how the addition of Thule Group to your portfolios can decrease your overall portfolio volatility.