Thumzup Media Stock Market Value
| TZUP Stock | USD 4.05 0.30 8.00% |
| Symbol | Thumzup |
Thumzup Media '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 Thumzup Media's otc 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 Thumzup Media.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Thumzup Media on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Thumzup Media or generate 0.0% return on investment in Thumzup Media over 30 days. Thumzup Media is related to or competes with WiMi Hologram, National CineMedia, and Baosheng Media. Thumzup Media Corporation, a software company, engages in building an influencer community around its mobile app More
Thumzup Media 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 Thumzup Media's otc 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 Thumzup Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 42.52 | |||
| Value At Risk | (10.31) | |||
| Potential Upside | 7.35 |
Thumzup Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thumzup Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thumzup Media's standard deviation. In reality, there are many statistical measures that can use Thumzup Media historical prices to predict the future Thumzup Media's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (5.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thumzup Media'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.
Thumzup Media Backtested Returns
Thumzup Media owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0361, which indicates the firm had a -0.0361% return per unit of risk over the last 3 months. Thumzup Media exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thumzup Media's Coefficient Of Variation of (1,284), variance of 37.05, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.0863, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thumzup Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thumzup Media is expected to be smaller as well. At this point, Thumzup Media has a negative expected return of -0.23%. Please make sure to validate Thumzup Media's maximum drawdown and rate of daily change , to decide if Thumzup Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Thumzup Media has good predictability. Overlapping area represents the amount of predictability between Thumzup Media time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Thumzup Media price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Thumzup Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Thumzup Media lagged returns against current returns
Autocorrelation, which is Thumzup Media otc 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 Thumzup Media's otc stock expected returns. We can calculate the autocorrelation of Thumzup Media returns to help us make a trade decision. For example, suppose you find that Thumzup Media has exhibited high autocorrelation historically, and you observe that the otc 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 |
Thumzup Media 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 Thumzup Media otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thumzup Media otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thumzup Media otc stock over time.
Current vs Lagged Prices |
| Timeline |
Thumzup Media Lagged Returns
When evaluating Thumzup Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thumzup Media otc stock have on its future price. Thumzup Media 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, Thumzup Media autocorrelation shows the relationship between Thumzup Media otc stock current value and its past values and can show if there is a momentum factor associated with investing in Thumzup Media.
Regressed Prices |
| Timeline |
Pair Trading with Thumzup Media
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thumzup Media position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thumzup Media will appreciate offsetting losses from the drop in the long position's value.Moving against Thumzup OTC Stock
| 0.65 | EA | Electronic Arts | PairCorr |
| 0.62 | ZD | Ziff Davis | PairCorr |
| 0.59 | EB | Eventbrite Class A | PairCorr |
| 0.54 | OB | Outbrain | PairCorr |
| 0.49 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to Thumzup Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thumzup Media when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thumzup Media - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thumzup Media to buy it.
The correlation of Thumzup Media is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thumzup Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thumzup Media moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thumzup Media can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Thumzup OTC Stock Analysis
When running Thumzup Media's price analysis, check to measure Thumzup Media'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 Thumzup Media is operating at the current time. Most of Thumzup Media's value examination focuses on studying past and present price action to predict the probability of Thumzup Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thumzup Media's price. Additionally, you may evaluate how the addition of Thumzup Media to your portfolios can decrease your overall portfolio volatility.