Thor Mining (UK) Market Value
| THR Stock | 0.73 0.02 2.67% |
| Symbol | Thor |
Thor Mining '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 Thor Mining'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 Thor Mining.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Thor Mining on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Thor Mining PLC or generate 0.0% return on investment in Thor Mining over 30 days. Thor Mining is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Amaroq Minerals, and Central Asia. Thor Mining is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Thor Mining 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 Thor Mining'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 Thor Mining PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 19.64 | |||
| Value At Risk | (7.61) | |||
| Potential Upside | 8.24 |
Thor Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thor Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thor Mining's standard deviation. In reality, there are many statistical measures that can use Thor Mining historical prices to predict the future Thor Mining's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.43) |
Thor Mining PLC Backtested Returns
Thor Mining PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0436, which indicates the firm had a -0.0436% return per unit of risk over the last 3 months. Thor Mining PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thor Mining's Risk Adjusted Performance of (0.04), coefficient of variation of (1,542), and Variance of 14.37 to confirm the risk estimate we provide. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thor Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thor Mining is expected to be smaller as well. At this point, Thor Mining PLC has a negative expected return of -0.16%. Please make sure to validate Thor Mining's potential upside and the relationship between the accumulation distribution and period momentum indicator , to decide if Thor Mining PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Thor Mining PLC has poor predictability. Overlapping area represents the amount of predictability between Thor Mining time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Thor Mining PLC price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Thor Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thor Mining PLC lagged returns against current returns
Autocorrelation, which is Thor Mining 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 Thor Mining's stock expected returns. We can calculate the autocorrelation of Thor Mining returns to help us make a trade decision. For example, suppose you find that Thor Mining 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 |
Thor Mining 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 Thor Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thor Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thor Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Thor Mining Lagged Returns
When evaluating Thor Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thor Mining stock have on its future price. Thor Mining 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, Thor Mining autocorrelation shows the relationship between Thor Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Thor Mining PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Thor Stock
Thor Mining financial ratios help investors to determine whether Thor 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 Thor with respect to the benefits of owning Thor Mining security.