Thor Explorations Stock Market Value
| THX Stock | CAD 0.42 0.03 7.69% |
| Symbol | Thor |
Thor Explorations Price To Book Ratio
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' 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 Thor Explorations.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Thor Explorations on December 16, 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 90 days. Thor Explorations is related to or competes with Taranis Resources. Thor Explorations Ltd., a junior mineral exploration company, acquires, explores for, and develops mineral properties pr... 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' 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 Thor Explorations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.03 | |||
| Information Ratio | 0.2192 | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.26 |
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 | 0.169 | |||
| Jensen Alpha | 0.5625 | |||
| Total Risk Alpha | 0.9186 | |||
| Sortino Ratio | 0.1624 | |||
| Treynor Ratio | 3.38 |
Thor Explorations Backtested Returns
Thor Explorations appears to be abnormally volatile, given 3 months investment horizon. Thor Explorations owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2 % return per unit of risk over the last 3 months. By inspecting Thor Explorations' technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review Thor Explorations' Semi Deviation of 2.26, coefficient of variation of 537.66, and Risk Adjusted Performance of 0.169 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 15. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thor Explorations' returns are expected to increase less than the market. However, during the bear market, the loss of holding Thor Explorations is expected to be smaller as well. Please check Thor Explorations' value at risk and the relationship between the skewness and relative strength index , to make a quick decision on whether Thor Explorations' existing price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Thor Explorations has virtually no predictability. Overlapping area represents the amount of predictability between Thor Explorations time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Thor Explorations price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Thor Explorations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thor Explorations lagged returns against current returns
Autocorrelation, which is Thor Explorations 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 Thor Explorations' stock 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 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 |
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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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thor Explorations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thor Explorations stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Thor Explorations.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thor Stock Analysis
When running Thor Explorations' price analysis, check to measure Thor Explorations' 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 Thor Explorations is operating at the current time. Most of Thor Explorations' value examination focuses on studying past and present price action to predict the probability of Thor Explorations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Explorations' price. Additionally, you may evaluate how the addition of Thor Explorations to your portfolios can decrease your overall portfolio volatility.