Thunder Mountain's market value is the price at which a share of Thunder Mountain trades on a public exchange. It measures the collective expectations of Thunder Mountain Gold investors about its performance. Thunder Mountain is trading at 0.046 as of the 18th of November 2024. This is a 9.52 percent increase since the beginning of the trading day. The stock's lowest day price was 0.046. With this module, you can estimate the performance of a buy and hold strategy of Thunder Mountain Gold and determine expected loss or profit from investing in Thunder Mountain over a given investment horizon. Check out Thunder Mountain Correlation, Thunder Mountain Volatility and Thunder Mountain Alpha and Beta module to complement your research on Thunder Mountain.
Please note, there is a significant difference between Thunder Mountain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thunder Mountain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thunder Mountain's 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.
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.
0.00
11/29/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/18/2024
0.00
If you would invest 0.00 in Thunder Mountain on November 29, 2022 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 720 days. Thunder Mountain is related to or competes with Amkor Technology, Oatly Group, Barfresh Food, Radcom, and Kaltura. 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.
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.
Thunder Mountain appears to be out of control, given 3 months investment horizon. Thunder Mountain Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0825, which indicates the firm had a 0.0825% return per unit of risk over the last 3 months. By inspecting Thunder Mountain's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please review Thunder Mountain's Coefficient Of Variation of 1230.36, risk adjusted performance of 0.0707, and Semi Deviation of 8.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thunder Mountain holds a performance score of 6. The entity has a beta of -0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thunder Mountain are expected to decrease at a much lower rate. During the bear market, Thunder Mountain is likely to outperform the market. Please check Thunder Mountain's potential upside and the relationship between the skewness and relative strength index , to make a quick decision on whether Thunder Mountain's existing price patterns will revert.
Auto-correlation
-0.26
Weak reverse predictability
Thunder Mountain Gold has weak reverse predictability. Overlapping area represents the amount of predictability between Thunder Mountain time series from 29th of November 2022 to 24th of November 2023 and 24th of November 2023 to 18th of November 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 -0.26 indicates that nearly 26.0% of current Thunder Mountain price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.26
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.
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.