Thunderstruck Resources Stock Market Value
| THURF Stock | USD 0.04 0 10.67% |
| Symbol | Thunderstruck |
Thunderstruck Resources '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 Thunderstruck Resources' 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 Thunderstruck Resources.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Thunderstruck Resources on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Thunderstruck Resources or generate 0.0% return on investment in Thunderstruck Resources over 30 days. Thunderstruck Resources is related to or competes with Eminent Gold, Vizsla Resources, Western Copper, Americas Silver, EMX Royalty, Eramet SA, and Trilogy Metals. Thunderstruck Resources Ltd. engages in the acquisition and exploration of mineral properties More
Thunderstruck Resources 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 Thunderstruck Resources' 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 Thunderstruck Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 28.31 | |||
| Information Ratio | 0.0776 | |||
| Maximum Drawdown | 215.85 | |||
| Value At Risk | (20.84) | |||
| Potential Upside | 32.98 |
Thunderstruck Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunderstruck Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunderstruck Resources' standard deviation. In reality, there are many statistical measures that can use Thunderstruck Resources historical prices to predict the future Thunderstruck Resources' volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 2.42 | |||
| Total Risk Alpha | (1.98) | |||
| Sortino Ratio | 0.071 | |||
| Treynor Ratio | (0.82) |
Thunderstruck Resources Backtested Returns
Thunderstruck Resources is out of control given 3 months investment horizon. Thunderstruck Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0967, which indicates the firm had a 0.0967% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.53% are justified by taking the suggested risk. Use Thunderstruck Resources Coefficient Of Variation of 1212.94, risk adjusted performance of 0.0693, and Semi Deviation of 11.15 to evaluate company specific risk that cannot be diversified away. Thunderstruck Resources holds a performance score of 7 on a scale of zero to a hundred. The entity has a beta of -2.59, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Thunderstruck Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Thunderstruck Resources is expected to outperform it. Use Thunderstruck Resources downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Thunderstruck Resources.
Auto-correlation | 0.30 |
Below average predictability
Thunderstruck Resources has below average predictability. Overlapping area represents the amount of predictability between Thunderstruck Resources time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Thunderstruck Resources price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Thunderstruck Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thunderstruck Resources lagged returns against current returns
Autocorrelation, which is Thunderstruck Resources 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 Thunderstruck Resources' pink sheet expected returns. We can calculate the autocorrelation of Thunderstruck Resources returns to help us make a trade decision. For example, suppose you find that Thunderstruck Resources 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 |
Thunderstruck Resources 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 Thunderstruck Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunderstruck Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunderstruck Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Thunderstruck Resources Lagged Returns
When evaluating Thunderstruck Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunderstruck Resources pink sheet have on its future price. Thunderstruck Resources 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, Thunderstruck Resources autocorrelation shows the relationship between Thunderstruck Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Thunderstruck Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thunderstruck Pink Sheet
Thunderstruck Resources financial ratios help investors to determine whether Thunderstruck Pink Sheet 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 Thunderstruck with respect to the benefits of owning Thunderstruck Resources security.