Thunder Mountain Gold Stock Market Value
| THMG Stock | USD 0.04 0 2.56% |
| Symbol | Thunder |
Thunder Mountain '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 Thunder Mountain's otc 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 Thunder Mountain.
| 08/31/2024 |
| 09/30/2024 |
If you would invest 0.00 in Thunder Mountain on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Thunder Mountain Gold or generate 0.0% return on investment in Thunder Mountain over 30 days. Thunder Mountain Gold, Inc., a mineral exploration stage company, explores for mining properties in Nevada and Idaho More
Thunder Mountain 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 Thunder Mountain's otc 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 Thunder Mountain Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.39 | |||
| Information Ratio | 0.0799 | |||
| Maximum Drawdown | 116.7 | |||
| Value At Risk | (13.16) | |||
| Potential Upside | 18.18 |
Thunder Mountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunder Mountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunder Mountain's standard deviation. In reality, there are many statistical measures that can use Thunder Mountain historical prices to predict the future Thunder Mountain's volatility.| Risk Adjusted Performance | 0.0806 | |||
| Jensen Alpha | 0.8939 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0915 | |||
| Treynor Ratio | 0.3966 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thunder Mountain's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thunder Mountain Gold Backtested Returns
At this point, Thunder Mountain is out of control. Thunder Mountain Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0016, which indicates the firm had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thunder Mountain Gold, which you can use to evaluate the volatility of the company. Please validate Thunder Mountain's Coefficient Of Variation of 1130.1, risk adjusted performance of 0.0806, and Semi Deviation of 6.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.0138%. The entity has a beta of 3.14, 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, Thunder Mountain will likely underperform. Thunder Mountain Gold right now has a risk of 8.57%. Please validate Thunder Mountain potential upside and the relationship between the skewness and price action indicator , to decide if Thunder Mountain will be following its existing price patterns.
Auto-correlation | 0.22 |
Weak predictability
Thunder Mountain Gold has weak predictability. Overlapping area represents the amount of predictability between Thunder Mountain time series from 31st of August 2024 to 15th of September 2024 and 15th of September 2024 to 30th of September 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 Thunder Mountain Gold price movement. The serial correlation of 0.22 indicates that over 22.0% of current Thunder Mountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thunder Mountain Gold lagged returns against current returns
Autocorrelation, which is Thunder Mountain otc 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 Thunder Mountain's otc stock expected returns. We can calculate the autocorrelation of Thunder Mountain returns to help us make a trade decision. For example, suppose you find that Thunder Mountain has exhibited high autocorrelation historically, and you observe that the otc 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 |
Thunder Mountain 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 Thunder Mountain otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunder Mountain otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunder Mountain otc stock over time.
Current vs Lagged Prices |
| Timeline |
Thunder Mountain Lagged Returns
When evaluating Thunder Mountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunder Mountain otc stock have on its future price. Thunder Mountain 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, Thunder Mountain autocorrelation shows the relationship between Thunder Mountain otc stock current value and its past values and can show if there is a momentum factor associated with investing in Thunder Mountain Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thunder OTC Stock
Thunder Mountain financial ratios help investors to determine whether Thunder OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Thunder with respect to the benefits of owning Thunder Mountain security.