Thunderful Group (Sweden) Market Value
| THUNDR Stock | SEK 0.85 0.04 4.49% |
| Symbol | Thunderful |
Thunderful 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 Thunderful 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 Thunderful Group.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Thunderful Group on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Thunderful Group AB or generate 0.0% return on investment in Thunderful Group over 570 days. Thunderful Group is related to or competes with Stillfront Group, Embracer Group, Enad Global, and Kambi Group. Thunderful Group AB develops and publishes personal computer, console, and mobile games in Sweden and internationally More
Thunderful 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 Thunderful 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 Thunderful Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 49.57 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.36 |
Thunderful Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunderful Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunderful Group's standard deviation. In reality, there are many statistical measures that can use Thunderful Group historical prices to predict the future Thunderful Group's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | (0.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thunderful 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.
Thunderful Group Backtested Returns
Thunderful Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Thunderful Group AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thunderful Group's Coefficient Of Variation of (778.55), risk adjusted performance of (0.09), and Variance of 25.97 to confirm the risk estimate we provide. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. Thunderful Group returns are very sensitive to returns on the market. As the market goes up or down, Thunderful Group is expected to follow. At this point, Thunderful Group has a negative expected return of -0.62%. Please make sure to validate Thunderful Group's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Thunderful Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Thunderful Group AB has good predictability. Overlapping area represents the amount of predictability between Thunderful Group time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Thunderful Group price movement. The serial correlation of 0.75 indicates that around 75.0% of current Thunderful Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Thunderful Group lagged returns against current returns
Autocorrelation, which is Thunderful 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 Thunderful Group's stock expected returns. We can calculate the autocorrelation of Thunderful Group returns to help us make a trade decision. For example, suppose you find that Thunderful 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 |
Thunderful 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 Thunderful Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunderful Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunderful Group stock over time.
Current vs Lagged Prices |
| Timeline |
Thunderful Group Lagged Returns
When evaluating Thunderful Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunderful Group stock have on its future price. Thunderful 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, Thunderful Group autocorrelation shows the relationship between Thunderful Group stock current value and its past values and can show if there is a momentum factor associated with investing in Thunderful Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Thunderful Stock
Thunderful Group financial ratios help investors to determine whether Thunderful 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 Thunderful with respect to the benefits of owning Thunderful Group security.