THORNEY TECHS (Germany) Market Value
| TTG Stock | EUR 0.08 0 3.11% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in THORNEY TECHS on October 27, 2024 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 JSC Halyk, Chiba Bank, ADRIATIC METALS, Mizuho Financial, National Bank, CHIBA BANK, and Jacquet Metal. 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 | 5.19 | |||
| Information Ratio | 0.0584 | |||
| Maximum Drawdown | 27.57 | |||
| Value At Risk | (7.43) | |||
| Potential Upside | 9.38 |
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 | 0.0736 | |||
| Jensen Alpha | 0.241 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0554 | |||
| Treynor Ratio | 0.2949 |
THORNEY TECHS LTD Backtested Returns
THORNEY TECHS appears to be out of control, given 3 months investment horizon. THORNEY TECHS LTD owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0843, which indicates the firm had a 0.0843% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for THORNEY TECHS LTD, which you can use to evaluate the volatility of the company. Please review THORNEY TECHS's coefficient of variation of 1176.79, and Risk Adjusted Performance of 0.0736 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, THORNEY TECHS holds a performance score of 6. The entity has a beta of 1.38, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, THORNEY TECHS will likely underperform. Please check THORNEY TECHS's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether THORNEY TECHS's existing price patterns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
THORNEY TECHS LTD has modest reverse predictability. Overlapping area represents the amount of predictability between THORNEY TECHS time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 THORNEY TECHS LTD price movement. The serial correlation of -0.5 indicates that about 50.0% of current THORNEY TECHS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.12 | |
| 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.