Thermo Fisher (Brazil) Market Value
| TMOS34 Stock | BRL 66.40 0.84 1.28% |
| Symbol | Thermo |
Thermo Fisher '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 Thermo Fisher'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 Thermo Fisher.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Thermo Fisher on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Thermo Fisher Scientific or generate 0.0% return on investment in Thermo Fisher over 180 days. Thermo Fisher is related to or competes with Trade Desk, Waste Management, MAHLE Metal, American Airlines, Healthpeak Properties, Planet Fitness, and Multilaser Industrial. Thermo Fisher Scientific Inc. provides analytical and other instruments, laboratory equipment, software, consumables, re... More
Thermo Fisher 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 Thermo Fisher'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 Thermo Fisher Scientific upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 3.18 |
Thermo Fisher Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thermo Fisher's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thermo Fisher's standard deviation. In reality, there are many statistical measures that can use Thermo Fisher historical prices to predict the future Thermo Fisher's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (1.33) |
Thermo Fisher Scientific Backtested Returns
Thermo Fisher Scientific owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0449, which indicates the firm had a -0.0449% return per unit of risk over the last 3 months. Thermo Fisher Scientific exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thermo Fisher's Variance of 3.79, coefficient of variation of (2,602), and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide. The entity has a beta of 0.0636, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thermo Fisher's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thermo Fisher is expected to be smaller as well. At this point, Thermo Fisher Scientific has a negative expected return of -0.0877%. Please make sure to validate Thermo Fisher's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Thermo Fisher Scientific performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Thermo Fisher Scientific has very good reverse predictability. Overlapping area represents the amount of predictability between Thermo Fisher time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Thermo Fisher Scientific price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Thermo Fisher price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 9.64 |
Thermo Fisher Scientific lagged returns against current returns
Autocorrelation, which is Thermo Fisher 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 Thermo Fisher's stock expected returns. We can calculate the autocorrelation of Thermo Fisher returns to help us make a trade decision. For example, suppose you find that Thermo Fisher 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 |
Thermo Fisher 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 Thermo Fisher stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thermo Fisher stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thermo Fisher stock over time.
Current vs Lagged Prices |
| Timeline |
Thermo Fisher Lagged Returns
When evaluating Thermo Fisher's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thermo Fisher stock have on its future price. Thermo Fisher 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, Thermo Fisher autocorrelation shows the relationship between Thermo Fisher stock current value and its past values and can show if there is a momentum factor associated with investing in Thermo Fisher Scientific.
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 Information and Resources on Investing in Thermo Stock
When determining whether Thermo Fisher Scientific offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thermo Fisher's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thermo Fisher Scientific Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thermo Fisher Scientific Stock:Check out Thermo Fisher Correlation, Thermo Fisher Volatility and Thermo Fisher Alpha and Beta module to complement your research on Thermo Fisher. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Thermo Fisher technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.