Thk Co Ltd Stock Market Value
| THKLY Stock | USD 11.67 0.18 1.52% |
| Symbol | THK |
THK Co '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 THK Co's 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 THK Co.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in THK Co on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding THK Co Ltd or generate 0.0% return on investment in THK Co over 720 days. THK Co is related to or competes with Ushio, Amada, NGK Insulators, GE Aerospace, Amaero International, Aumann AG, and Alfa Laval. THK Co., Ltd. manufactures and supplies machine components in Japan, the Americas, Europe, China, and internationally More
THK Co 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 THK Co's 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 THK Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1389 | |||
| Maximum Drawdown | 26.19 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.96 |
THK Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for THK Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THK Co's standard deviation. In reality, there are many statistical measures that can use THK Co historical prices to predict the future THK Co's volatility.| Risk Adjusted Performance | 0.1306 | |||
| Jensen Alpha | 0.5164 | |||
| Total Risk Alpha | 0.1381 | |||
| Sortino Ratio | 0.2106 | |||
| Treynor Ratio | 1.68 |
THK Co Backtested Returns
THK Co appears to be somewhat reliable, given 3 months investment horizon. THK Co owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of volatility over the last 3 months. By examining THK Co's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review THK Co's coefficient of variation of 590.18, and Risk Adjusted Performance of 0.1306 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, THK Co holds a performance score of 13. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, THK Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding THK Co is expected to be smaller as well. Please check THK Co's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether THK Co's existing price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
THK Co Ltd has good predictability. Overlapping area represents the amount of predictability between THK Co time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 THK Co price movement. The serial correlation of 0.67 indicates that around 67.0% of current THK Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
THK Co lagged returns against current returns
Autocorrelation, which is THK Co 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 THK Co's pink sheet expected returns. We can calculate the autocorrelation of THK Co returns to help us make a trade decision. For example, suppose you find that THK Co 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 |
THK Co 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 THK Co pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THK Co pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THK Co pink sheet over time.
Current vs Lagged Prices |
| Timeline |
THK Co Lagged Returns
When evaluating THK Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THK Co pink sheet have on its future price. THK Co 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, THK Co autocorrelation shows the relationship between THK Co pink sheet current value and its past values and can show if there is a momentum factor associated with investing in THK Co Ltd.
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.Additional Tools for THK Pink Sheet Analysis
When running THK Co's price analysis, check to measure THK Co's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy THK Co is operating at the current time. Most of THK Co's value examination focuses on studying past and present price action to predict the probability of THK Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move THK Co's price. Additionally, you may evaluate how the addition of THK Co to your portfolios can decrease your overall portfolio volatility.