Thunder Gold's market value is the price at which a share of Thunder Gold trades on a public exchange. It measures the collective expectations of Thunder Gold Corp investors about its performance. Thunder Gold is trading at 0.0325 as of the 1st of December 2024. This is a 2.4% down since the beginning of the trading day. The stock's lowest day price was 0.0325. With this module, you can estimate the performance of a buy and hold strategy of Thunder Gold Corp and determine expected loss or profit from investing in Thunder Gold over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Symbol
Thunder
Thunder Gold '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 Thunder Gold's pink sheet 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 Thunder Gold.
0.00
09/02/2024
No Change 0.00
0.0
In 3 months and 1 day
12/01/2024
0.00
If you would invest 0.00 in Thunder Gold on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Thunder Gold Corp or generate 0.0% return on investment in Thunder Gold over 90 days.
Thunder Gold 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 Thunder Gold's pink sheet 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 Thunder Gold Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunder Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunder Gold's standard deviation. In reality, there are many statistical measures that can use Thunder Gold historical prices to predict the future Thunder Gold's volatility.
Thunder Gold is out of control given 3 months investment horizon. Thunder Gold Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0859, which indicates the firm had a 0.0859% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.51% are justified by taking the suggested risk. Use Thunder Gold Corp Semi Deviation of 9.44, coefficient of variation of 927.43, and Risk Adjusted Performance of 0.092 to evaluate company specific risk that cannot be diversified away. Thunder Gold holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of 1.64, 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, Thunder Gold will likely underperform. Use Thunder Gold Corp potential upside and the relationship between the skewness and relative strength index , to analyze future returns on Thunder Gold Corp.
Auto-correlation
0.09
Virtually no predictability
Thunder Gold Corp has virtually no predictability. Overlapping area represents the amount of predictability between Thunder Gold time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Thunder Gold Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Thunder Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
0.09
Spearman Rank Test
-0.01
Residual Average
0.0
Price Variance
0.0
Thunder Gold Corp lagged returns against current returns
Autocorrelation, which is Thunder Gold pink sheet'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 Thunder Gold's pink sheet expected returns. We can calculate the autocorrelation of Thunder Gold returns to help us make a trade decision. For example, suppose you find that Thunder Gold has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Thunder Gold 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 Thunder Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunder Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunder Gold pink sheet over time.
Current vs Lagged Prices
Timeline
Thunder Gold Lagged Returns
When evaluating Thunder Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunder Gold pink sheet have on its future price. Thunder Gold 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, Thunder Gold autocorrelation shows the relationship between Thunder Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Thunder Gold Corp.