Thunderbird Entertainment Group Stock Market Value
| THBRF Stock | USD 1.24 0.09 6.77% |
| Symbol | Thunderbird |
Thunderbird Entertainment '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 Thunderbird Entertainment'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 Thunderbird Entertainment.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Thunderbird Entertainment on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Thunderbird Entertainment Group or generate 0.0% return on investment in Thunderbird Entertainment over 360 days. Thunderbird Entertainment is related to or competes with OverActive Media, and Celtic Plc. Thunderbird Entertainment Group Inc. develops, produces, and distributes film and television programs in Canada, the Uni... More
Thunderbird Entertainment 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 Thunderbird Entertainment'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 Thunderbird Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.46 | |||
| Value At Risk | (6.62) | |||
| Potential Upside | 6.03 |
Thunderbird Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunderbird Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunderbird Entertainment's standard deviation. In reality, there are many statistical measures that can use Thunderbird Entertainment historical prices to predict the future Thunderbird Entertainment's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (1.16) |
Thunderbird Entertainment Backtested Returns
Thunderbird Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0799, which indicates the firm had a -0.0799% return per unit of risk over the last 3 months. Thunderbird Entertainment Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thunderbird Entertainment's Coefficient Of Variation of (1,384), variance of 13.12, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thunderbird Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thunderbird Entertainment is expected to be smaller as well. At this point, Thunderbird Entertainment has a negative expected return of -0.3%. Please make sure to validate Thunderbird Entertainment's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Thunderbird Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Thunderbird Entertainment Group has insignificant predictability. Overlapping area represents the amount of predictability between Thunderbird Entertainment time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Thunderbird Entertainment price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Thunderbird Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thunderbird Entertainment lagged returns against current returns
Autocorrelation, which is Thunderbird Entertainment 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 Thunderbird Entertainment's otc stock expected returns. We can calculate the autocorrelation of Thunderbird Entertainment returns to help us make a trade decision. For example, suppose you find that Thunderbird Entertainment 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 |
Thunderbird Entertainment 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 Thunderbird Entertainment otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunderbird Entertainment otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunderbird Entertainment otc stock over time.
Current vs Lagged Prices |
| Timeline |
Thunderbird Entertainment Lagged Returns
When evaluating Thunderbird Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunderbird Entertainment otc stock have on its future price. Thunderbird Entertainment 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, Thunderbird Entertainment autocorrelation shows the relationship between Thunderbird Entertainment otc stock current value and its past values and can show if there is a momentum factor associated with investing in Thunderbird Entertainment Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thunderbird OTC Stock
Thunderbird Entertainment financial ratios help investors to determine whether Thunderbird OTC 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 Thunderbird with respect to the benefits of owning Thunderbird Entertainment security.