Thor Industries Stock Market Value
| THO Stock | USD 95.37 1.48 1.53% |
| Symbol | Thor |
Thor Industries Price To Book Ratio
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 | Earnings Share 3.92 | Revenue Per Share 188.614 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0371 |
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.
Thor Industries '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 Thor Industries' 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 Thor Industries.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Thor Industries on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Thor Industries or generate 0.0% return on investment in Thor Industries over 180 days. Thor Industries is related to or competes with Marine Products, Malibu Boats, Brunswick, LCI Industries, BRP, EZGO Technologies, and Polaris Industries. THOR Industries, Inc. designs, manufactures, and sells recreational vehicles , and related parts and accessories in the ... More
Thor Industries 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 Thor Industries' 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 Thor Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 3.0 |
Thor Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thor Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thor Industries' standard deviation. In reality, there are many statistical measures that can use Thor Industries historical prices to predict the future Thor Industries' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.56) |
Thor Industries Backtested Returns
Thor Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.098, which indicates the firm had a -0.098% return per unit of risk over the last 3 months. Thor Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thor Industries' Coefficient Of Variation of (1,427), variance of 3.96, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Thor Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Thor Industries is expected to be smaller as well. At this point, Thor Industries has a negative expected return of -0.2%. Please make sure to validate Thor Industries' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Thor Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Thor Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Thor Industries time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Thor Industries price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Thor Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 23.47 |
Thor Industries lagged returns against current returns
Autocorrelation, which is Thor Industries 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 Thor Industries' stock expected returns. We can calculate the autocorrelation of Thor Industries returns to help us make a trade decision. For example, suppose you find that Thor Industries 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 |
Thor Industries 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 Thor Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thor Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thor Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Thor Industries Lagged Returns
When evaluating Thor Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thor Industries stock have on its future price. Thor Industries 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, Thor Industries autocorrelation shows the relationship between Thor Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Thor Industries.
Regressed Prices |
| Timeline |
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
| 0.79 | F | Ford Motor Aggressive Push | PairCorr |
Moving against Thor Stock
| 0.58 | ZK | ZEEKR Intelligent | PairCorr |
| 0.49 | WKSP | Worksport | PairCorr |
| 0.46 | TM | Toyota Motor | PairCorr |
| 0.4 | DAN | Dana Inc | 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 Thor Industries Correlation, Thor Industries Volatility and Thor Industries Alpha and Beta module to complement your research on Thor Industries. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Thor Industries 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.