THUNDELARRA (Germany) Market Value
| TJ3 Stock | EUR 0.01 0.00 0.00% |
| Symbol | THUNDELARRA |
THUNDELARRA '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 THUNDELARRA'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 THUNDELARRA.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in THUNDELARRA on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding THUNDELARRA or generate 0.0% return on investment in THUNDELARRA over 30 days. THUNDELARRA is related to or competes with Lion One, Geely Automobile, MCEWEN MINING, Carsales, LION ONE, SIMS METAL, and CARSALESCOM. More
THUNDELARRA 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 THUNDELARRA'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 THUNDELARRA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 21.33 |
THUNDELARRA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THUNDELARRA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THUNDELARRA's standard deviation. In reality, there are many statistical measures that can use THUNDELARRA historical prices to predict the future THUNDELARRA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 0.5938 |
THUNDELARRA Backtested Returns
THUNDELARRA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of standard deviation over the last 3 months. THUNDELARRA exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate THUNDELARRA's risk adjusted performance of (0.07), and Variance of 6.96 to confirm the risk estimate we provide. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning THUNDELARRA are expected to decrease at a much lower rate. During the bear market, THUNDELARRA is likely to outperform the market. At this point, THUNDELARRA has a negative expected return of -0.31%. Please make sure to validate THUNDELARRA's treynor ratio, rate of daily change, and the relationship between the variance and skewness , to decide if THUNDELARRA performance from the past will be repeated at some future point.
Auto-correlation | -0.22 |
Weak reverse predictability
THUNDELARRA has weak reverse predictability. Overlapping area represents the amount of predictability between THUNDELARRA time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 THUNDELARRA price movement. The serial correlation of -0.22 indicates that over 22.0% of current THUNDELARRA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
THUNDELARRA lagged returns against current returns
Autocorrelation, which is THUNDELARRA 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 THUNDELARRA's stock expected returns. We can calculate the autocorrelation of THUNDELARRA returns to help us make a trade decision. For example, suppose you find that THUNDELARRA 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 |
THUNDELARRA 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 THUNDELARRA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THUNDELARRA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THUNDELARRA stock over time.
Current vs Lagged Prices |
| Timeline |
THUNDELARRA Lagged Returns
When evaluating THUNDELARRA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THUNDELARRA stock have on its future price. THUNDELARRA 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, THUNDELARRA autocorrelation shows the relationship between THUNDELARRA stock current value and its past values and can show if there is a momentum factor associated with investing in THUNDELARRA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for THUNDELARRA Stock Analysis
When running THUNDELARRA's price analysis, check to measure THUNDELARRA'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 THUNDELARRA is operating at the current time. Most of THUNDELARRA's value examination focuses on studying past and present price action to predict the probability of THUNDELARRA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move THUNDELARRA's price. Additionally, you may evaluate how the addition of THUNDELARRA to your portfolios can decrease your overall portfolio volatility.