Thor Financial Technologies Etf Volatility
| THLV Etf | USD 29.03 0.18 0.62% |
At this stage we consider THOR Etf to be very steady. THOR Financial Techn owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0798, which indicates the etf had a 0.0798% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for THOR Financial Technologies, which you can use to evaluate the volatility of the etf. Please validate THOR Financial's risk adjusted performance of 0.0674, and Coefficient Of Variation of 1020.99 to confirm if the risk estimate we provide is consistent with the expected return of 0.0436%. Key indicators related to THOR Financial's volatility include:
480 Days Market Risk | Chance Of Distress | 480 Days Economic Sensitivity |
THOR Financial Etf volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of THOR daily returns, and it is calculated using variance and standard deviation. We also use THOR's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of THOR Financial volatility.
THOR |
Downward market volatility can be a perfect environment for investors who play the long game with THOR Financial. They may decide to buy additional shares of THOR Financial at lower prices to lower the average cost per share, thereby improving their portfolio's performance when markets normalize.
Moving together with THOR Etf
| 0.86 | VTI | Vanguard Total Stock | PairCorr |
| 0.85 | SPY | SPDR SP 500 | PairCorr |
| 0.85 | IVV | iShares Core SP | PairCorr |
| 0.92 | VIG | Vanguard Dividend | PairCorr |
| 0.85 | VV | Vanguard Large Cap | PairCorr |
| 0.93 | RSP | Invesco SP 500 | PairCorr |
| 0.86 | IWB | iShares Russell 1000 | PairCorr |
| 0.86 | ESGU | iShares ESG Aware | PairCorr |
| 0.88 | DFAC | Dimensional Core Equity | PairCorr |
THOR Financial Market Sensitivity And Downside Risk
THOR Financial's beta coefficient measures the volatility of THOR etf compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents THOR etf's returns against your selected market. In other words, THOR Financial's beta of 0.61 provides an investor with an approximation of how much risk THOR Financial etf can potentially add to one of your existing portfolios. THOR Financial Technologies exhibits very low volatility with skewness of 0.39 and kurtosis of 0.31. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure THOR Financial's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact THOR Financial's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze THOR Financial Techn Demand TrendCheck current 90 days THOR Financial correlation with market (Dow Jones Industrial)THOR Beta |
THOR standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 0.55 |
It is essential to understand the difference between upside risk (as represented by THOR Financial's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of THOR Financial's daily returns or price. Since the actual investment returns on holding a position in thor etf tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in THOR Financial.
THOR Financial Techn Etf Volatility Analysis
Volatility refers to the frequency at which THOR Financial etf price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with THOR Financial's price changes. Investors will then calculate the volatility of THOR Financial's etf to predict their future moves. A etf that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A etf with relatively stable price changes has low volatility. A highly volatile etf is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of THOR Financial's volatility:
Historical Volatility
This type of etf volatility measures THOR Financial's fluctuations based on previous trends. It's commonly used to predict THOR Financial's future behavior based on its past. However, it cannot conclusively determine the future direction of the etf.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for THOR Financial's current market price. This means that the etf will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on THOR Financial's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. THOR Financial Techn Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
THOR Financial Projected Return Density Against Market
Given the investment horizon of 90 days THOR Financial has a beta of 0.6112 . This usually implies as returns on the market go up, THOR Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding THOR Financial Technologies will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to THOR Financial or THOR sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that THOR Financial's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a THOR etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
THOR Financial Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a THOR Financial Price Volatility?
Several factors can influence a etf's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.THOR Financial Etf Risk Measures
Given the investment horizon of 90 days the coefficient of variation of THOR Financial is 1253.27. The daily returns are distributed with a variance of 0.3 and standard deviation of 0.55. The mean deviation of THOR Financial Technologies is currently at 0.45. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.72
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 0.55 | |
Ir | Information ratio | -0.13 |
THOR Financial Etf Return Volatility
THOR Financial historical daily return volatility represents how much of THOR Financial etf's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund inherits 0.5462% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7357% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About THOR Financial Volatility
Volatility is a rate at which the price of THOR Financial or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of THOR Financial may increase or decrease. In other words, similar to THOR's beta indicator, it measures the risk of THOR Financial and helps estimate the fluctuations that may happen in a short period of time. So if prices of THOR Financial fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The fund seeks to achieve its investment objective by investing at least 80 percent of its total assets in securities included in the index. Thor Low is traded on NYSEARCA Exchange in the United States.
THOR Financial's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on THOR Etf over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much THOR Financial's price varies over time.
3 ways to utilize THOR Financial's volatility to invest better
Higher THOR Financial's etf volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of THOR Financial Techn etf is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. THOR Financial Techn etf volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of THOR Financial Techn investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in THOR Financial's etf can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of THOR Financial's etf relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
THOR Financial Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.74 and is 1.35 times more volatile than THOR Financial Technologies. Compared to the overall equity markets, volatility of historical daily returns of THOR Financial Technologies is lower than 4 percent of all global equities and portfolios over the last 90 days. You can use THOR Financial Technologies to protect your portfolios against small market fluctuations. The etf experiences a moderate downward daily trend and can be a good diversifier. Check odds of THOR Financial to be traded at $28.45 in 90 days.Very poor diversification
The correlation between THOR Financial Technologies and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding THOR Financial Technologies and DJI in the same portfolio, assuming nothing else is changed.
THOR Financial Additional Risk Indicators
The analysis of THOR Financial's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in THOR Financial's investment and either accepting that risk or mitigating it. Along with some common measures of THOR Financial etf's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0674 | |||
| Market Risk Adjusted Performance | 0.0803 | |||
| Mean Deviation | 0.4417 | |||
| Semi Deviation | 0.42 | |||
| Downside Deviation | 0.5138 | |||
| Coefficient Of Variation | 1020.99 | |||
| Standard Deviation | 0.5405 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential etfs, we recommend comparing similar etfs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
THOR Financial Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against THOR Financial as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. THOR Financial's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, THOR Financial's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to THOR Financial Technologies.
When determining whether THOR Financial Techn is a strong investment it is important to analyze THOR Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact THOR Financial's future performance. For an informed investment choice regarding THOR Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in THOR Financial Technologies. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of THOR Financial Techn is measured differently than its book value, which is the value of THOR that is recorded on the company's balance sheet. Investors also form their own opinion of THOR Financial's value that differs from its market value or its book value, called intrinsic value, which is THOR Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because THOR Financial's market value can be influenced by many factors that don't directly affect THOR Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between THOR Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if THOR Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THOR Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.