Thermal Energy International Stock Market Value
| TMG Stock | CAD 0.20 0.01 5.26% |
| Symbol | Thermal |
Thermal Energy Inter Price To Book Ratio
Thermal Energy '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 Thermal Energy'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 Thermal Energy.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Thermal Energy on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Thermal Energy International or generate 0.0% return on investment in Thermal Energy over 360 days. Thermal Energy is related to or competes with Firan Technology, Baylin Technologies, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control products, hea... More
Thermal Energy 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 Thermal Energy'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 Thermal Energy International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.63 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 9.09 |
Thermal Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thermal Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thermal Energy's standard deviation. In reality, there are many statistical measures that can use Thermal Energy historical prices to predict the future Thermal Energy's volatility.| Risk Adjusted Performance | 0.0015 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.04) |
Thermal Energy Inter Backtested Returns
Thermal Energy Inter owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0408, which indicates the firm had a -0.0408% return per unit of risk over the last 3 months. Thermal Energy International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermal Energy's Variance of 21.06, coefficient of variation of (11,233), and Risk Adjusted Performance of 0.0015 to confirm the risk estimate we provide. The entity has a beta of 1.31, 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, Thermal Energy will likely underperform. At this point, Thermal Energy Inter has a negative expected return of -0.18%. Please make sure to validate Thermal Energy's treynor ratio and the relationship between the skewness and price action indicator , to decide if Thermal Energy Inter performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Thermal Energy International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thermal Energy time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Thermal Energy Inter price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Thermal Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thermal Energy Inter lagged returns against current returns
Autocorrelation, which is Thermal Energy 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 Thermal Energy's stock expected returns. We can calculate the autocorrelation of Thermal Energy returns to help us make a trade decision. For example, suppose you find that Thermal Energy 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 |
Thermal Energy 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 Thermal Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thermal Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thermal Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Thermal Energy Lagged Returns
When evaluating Thermal Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thermal Energy stock have on its future price. Thermal Energy 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, Thermal Energy autocorrelation shows the relationship between Thermal Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Thermal Energy International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Thermal Stock Analysis
When running Thermal Energy's price analysis, check to measure Thermal Energy'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 Thermal Energy is operating at the current time. Most of Thermal Energy's value examination focuses on studying past and present price action to predict the probability of Thermal Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermal Energy's price. Additionally, you may evaluate how the addition of Thermal Energy to your portfolios can decrease your overall portfolio volatility.