Thor Income Quality from 2010 to 2024
| THO Stock | USD 112.18 1.65 1.49% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 2.05556895 | Current Value 1.03 | Quarterly Volatility 0.93302665 |
Check Thor Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thor Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 291 M, Total Revenue of 10.5 B or Gross Profit of 1.5 B, as well as many indicators such as Price To Sales Ratio of 0.45, Dividend Yield of 0.0128 or PTB Ratio of 1.8. Thor financial statements analysis is a perfect complement when working with Thor Industries Valuation or Volatility modules.
Thor | Income Quality |
Latest Thor Industries' Income Quality Growth Pattern
Below is the plot of the Income Quality of Thor Industries over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Thor Industries' Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Thor Industries' overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
|
Income Quality |
| Timeline |
Thor Income Quality Regression Statistics
| Arithmetic Mean | 1.42 | |
| Geometric Mean | 1.15 | |
| Coefficient Of Variation | 65.58 | |
| Mean Deviation | 0.70 | |
| Median | 1.08 | |
| Standard Deviation | 0.93 | |
| Sample Variance | 0.87 | |
| Range | 3.6836 | |
| R-Value | 0.42 | |
| Mean Square Error | 0.77 | |
| R-Squared | 0.18 | |
| Significance | 0.12 | |
| Slope | 0.09 | |
| Total Sum of Squares | 12.19 |
Thor Income Quality History
About Thor Industries Financial Statements
Thor Industries investors utilize fundamental indicators, such as Income Quality, to predict how Thor Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 2.06 | 1.03 |
Pair Trading with Thor Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thor Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thor Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Thor Stock
Moving against Thor Stock
| 0.59 | SES | SES AI Corp | PairCorr |
| 0.5 | GGR | Gogoro Inc | PairCorr |
| 0.44 | VLCN | Volcon Inc | PairCorr |
| 0.42 | FFIE | Faraday Future Intel | PairCorr |
| 0.41 | QS | Quantumscape Corp | PairCorr |
The ability to find closely correlated positions to Thor Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thor Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thor Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thor Industries to buy it.
The correlation of Thor Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thor Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thor Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Thor Industries Correlation against competitors. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thor Industries. If investors know Thor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.001 | Dividend Share 1.92 | Earnings Share 4.94 | Revenue Per Share 188.614 | Quarterly Revenue Growth (0.07) |
The market value of Thor Industries is measured differently than its book value, which is the value of Thor that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thor Industries' market value can be influenced by many factors that don't directly affect Thor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor Industries' 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.