Thor Explorations Stock Market Value
| THXPF Stock | USD 0.21 0.01 4.55% |
| Symbol | Thor |
Thor Explorations '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 Explorations' 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 Thor Explorations.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Thor Explorations on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Thor Explorations or generate 0.0% return on investment in Thor Explorations over 480 days. Thor Explorations is related to or competes with Cabral Gold, Lion One, Equinox Gold, Independence Gold, Heliostar Metals, Bluestone Resources, and Cerrado Gold. Thor Explorations Ltd., a natural resources company, engages in the acquisition, exploration, development, and productio... More
Thor Explorations 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 Explorations' 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 Thor Explorations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.97 | |||
| Information Ratio | 0.032 | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 15.0 |
Thor Explorations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thor Explorations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thor Explorations' standard deviation. In reality, there are many statistical measures that can use Thor Explorations historical prices to predict the future Thor Explorations' volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.5257 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | (0.27) |
Thor Explorations Backtested Returns
Thor Explorations appears to be out of control, given 3 months investment horizon. Thor Explorations owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0486, which indicates the firm had a 0.0486% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Thor Explorations, which you can use to evaluate the volatility of the company. Please review Thor Explorations' Semi Deviation of 5.4, risk adjusted performance of 0.0434, and Coefficient Of Variation of 2107.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thor Explorations holds a performance score of 3. The entity has a beta of -1.35, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Thor Explorations are expected to decrease by larger amounts. On the other hand, during market turmoil, Thor Explorations is expected to outperform it. Please check Thor Explorations' value at risk, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Thor Explorations' existing price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Thor Explorations has good reverse predictability. Overlapping area represents the amount of predictability between Thor Explorations time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 Thor Explorations price movement. The serial correlation of -0.55 indicates that about 55.0% of current Thor Explorations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thor Explorations lagged returns against current returns
Autocorrelation, which is Thor Explorations 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 Thor Explorations' pink sheet expected returns. We can calculate the autocorrelation of Thor Explorations returns to help us make a trade decision. For example, suppose you find that Thor Explorations 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 |
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Thor Explorations 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 Explorations pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thor Explorations pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thor Explorations pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Thor Explorations Lagged Returns
When evaluating Thor Explorations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thor Explorations pink sheet have on its future price. Thor Explorations 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 Explorations autocorrelation shows the relationship between Thor Explorations pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Thor Explorations.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thor Pink Sheet
Thor Explorations financial ratios help investors to determine whether Thor 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 Thor with respect to the benefits of owning Thor Explorations security.