Thor Explorations Stock Market Value
| THXPF Stock | USD 0.21 0.00 0.00% |
| 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.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Thor Explorations on October 4, 2024 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 60 days. Thor Explorations is related to or competes with Harmony Gold, SPACE, T Rowe, Ampleforth, Ionet, SEI Investments, and Embecta Corp. 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 | 11.77 | |||
| Information Ratio | 0.0315 | |||
| 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 | 0.045 | |||
| Jensen Alpha | 0.2266 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.0213 | |||
| Treynor Ratio | 0.3021 |
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 0.0482, which indicates the firm had a 0.0482% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Thor Explorations, which you can use to evaluate the volatility of the company. Please review Thor Explorations' Coefficient Of Variation of 2121.94, semi deviation of 5.23, and Risk Adjusted Performance of 0.045 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 1.21, 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, Thor Explorations will likely underperform. Please check Thor Explorations' jensen alpha, value at risk, as well as the relationship between the Value At Risk and skewness , to make a quick decision on whether Thor Explorations' existing price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Thor Explorations has insignificant predictability. Overlapping area represents the amount of predictability between Thor Explorations time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 0.13 indicates that less than 13.0% of current Thor Explorations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.5 | |
| 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 |
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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 |
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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.