THORNEY TECHS (Germany) Market Value
| TTG Stock | EUR 0.07 0 2.10% |
| Symbol | THORNEY |
THORNEY TECHS '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 THORNEY TECHS'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 THORNEY TECHS.
| 01/09/2025 |
| 02/08/2025 |
If you would invest 0.00 in THORNEY TECHS on January 9, 2025 and sell it all today you would earn a total of 0.00 from holding THORNEY TECHS LTD or generate 0.0% return on investment in THORNEY TECHS over 30 days. THORNEY TECHS is related to or competes with TreeHouse Foods, United Natural, US FOODS, Nomad Foods, TYSON FOODS, and INTER CARS. Thorney Technologies Ltd invests in technology related companies More
THORNEY TECHS 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 THORNEY TECHS'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 THORNEY TECHS LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.98 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.31 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 7.86 |
THORNEY TECHS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THORNEY TECHS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THORNEY TECHS's standard deviation. In reality, there are many statistical measures that can use THORNEY TECHS historical prices to predict the future THORNEY TECHS's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | 0.0328 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.28) |
THORNEY TECHS LTD Backtested Returns
THORNEY TECHS LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0179, which indicates the firm had a -0.0179 % return per unit of standard deviation over the last 3 months. THORNEY TECHS LTD exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate THORNEY TECHS's risk adjusted performance of 0.0154, and Coefficient Of Variation of 11095.22 to confirm the risk estimate we provide. The entity has a beta of -0.0902, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning THORNEY TECHS are expected to decrease at a much lower rate. During the bear market, THORNEY TECHS is likely to outperform the market. At this point, THORNEY TECHS LTD has a negative expected return of -0.0722%. Please make sure to validate THORNEY TECHS's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if THORNEY TECHS LTD performance from the past will be repeated at future time.
Auto-correlation | -0.01 |
Very weak reverse predictability
THORNEY TECHS LTD has very weak reverse predictability. Overlapping area represents the amount of predictability between THORNEY TECHS time series from 9th of January 2025 to 24th of January 2025 and 24th of January 2025 to 8th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of THORNEY TECHS LTD price movement. The serial correlation of -0.01 indicates that just 1.0% of current THORNEY TECHS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
THORNEY TECHS LTD lagged returns against current returns
Autocorrelation, which is THORNEY TECHS 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 THORNEY TECHS's stock expected returns. We can calculate the autocorrelation of THORNEY TECHS returns to help us make a trade decision. For example, suppose you find that THORNEY TECHS 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 |
THORNEY TECHS 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 THORNEY TECHS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THORNEY TECHS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THORNEY TECHS stock over time.
Current vs Lagged Prices |
| Timeline |
THORNEY TECHS Lagged Returns
When evaluating THORNEY TECHS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THORNEY TECHS stock have on its future price. THORNEY TECHS 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, THORNEY TECHS autocorrelation shows the relationship between THORNEY TECHS stock current value and its past values and can show if there is a momentum factor associated with investing in THORNEY TECHS LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in THORNEY Stock
THORNEY TECHS financial ratios help investors to determine whether THORNEY 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 THORNEY with respect to the benefits of owning THORNEY TECHS security.