Thunder Software's market value is the price at which a share of Thunder Software trades on a public exchange. It measures the collective expectations of Thunder Software Technology investors about its performance. Thunder Software is trading at 55.99 as of the 2nd of January 2025, a 5.99 percent decrease since the beginning of the trading day. The stock's open price was 59.56. With this module, you can estimate the performance of a buy and hold strategy of Thunder Software Technology and determine expected loss or profit from investing in Thunder Software over a given investment horizon. Check out Thunder Software Correlation, Thunder Software Volatility and Thunder Software Alpha and Beta module to complement your research on Thunder Software.
Please note, there is a significant difference between Thunder Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thunder Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thunder Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Thunder Software '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 Thunder Software'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 Thunder Software.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Thunder Software'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 Thunder Software Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunder Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunder Software's standard deviation. In reality, there are many statistical measures that can use Thunder Software historical prices to predict the future Thunder Software's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thunder Software. Your research has to be compared to or analyzed against Thunder Software's peers to derive any actionable benefits. When done correctly, Thunder Software's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Thunder Software Tec.
Thunder Software Tec Backtested Returns
Thunder Software Tec owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0256, which indicates the firm had a -0.0256% return per unit of risk over the last 3 months. Thunder Software Technology exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thunder Software's Risk Adjusted Performance of 0.1402, semi deviation of 3.53, and Coefficient Of Variation of 611.83 to confirm the risk estimate we provide. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thunder Software are expected to decrease at a much lower rate. During the bear market, Thunder Software is likely to outperform the market. At this point, Thunder Software Tec has a negative expected return of -0.11%. Please make sure to validate Thunder Software's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Thunder Software Tec performance from the past will be repeated at some point in the near future.
Auto-correlation
0.20
Weak predictability
Thunder Software Technology has weak predictability. Overlapping area represents the amount of predictability between Thunder Software time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Thunder Software Tec price movement. The serial correlation of 0.2 indicates that over 20.0% of current Thunder Software price fluctuation can be explain by its past prices.
Correlation Coefficient
0.2
Spearman Rank Test
0.0
Residual Average
0.0
Price Variance
83.48
Thunder Software Tec lagged returns against current returns
Autocorrelation, which is Thunder Software 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 Thunder Software's stock expected returns. We can calculate the autocorrelation of Thunder Software returns to help us make a trade decision. For example, suppose you find that Thunder Software 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
Thunder Software 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 Thunder Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunder Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunder Software stock over time.
Current vs Lagged Prices
Timeline
Thunder Software Lagged Returns
When evaluating Thunder Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunder Software stock have on its future price. Thunder Software 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, Thunder Software autocorrelation shows the relationship between Thunder Software stock current value and its past values and can show if there is a momentum factor associated with investing in Thunder Software Technology.
Regressed Prices
Timeline
Also Currently Popular
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.
Thunder Software financial ratios help investors to determine whether Thunder 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 Thunder with respect to the benefits of owning Thunder Software security.