Thor Medical (Norway) Market Value
| TRMED Stock | 2.47 0.01 0.40% |
| Symbol | Thor |
Thor Medical '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 Medical'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 Thor Medical.
| 05/03/2025 |
| 08/01/2025 |
If you would invest 0.00 in Thor Medical on May 3, 2025 and sell it all today you would earn a total of 0.00 from holding Thor Medical ASA or generate 0.0% return on investment in Thor Medical over 90 days.
Thor Medical 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 Medical'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 Thor Medical ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 22.74 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 4.82 |
Thor Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thor Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thor Medical's standard deviation. In reality, there are many statistical measures that can use Thor Medical historical prices to predict the future Thor Medical's volatility.| Risk Adjusted Performance | 0.0314 | |||
| Jensen Alpha | 0.0416 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2738 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thor Medical'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.
Thor Medical ASA Backtested Returns
Thor Medical ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0102, which indicates the firm had a -0.0102 % return per unit of risk over the last 3 months. Thor Medical ASA exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thor Medical's Semi Deviation of 2.68, risk adjusted performance of 0.0314, and Coefficient Of Variation of 3227.63 to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Thor Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thor Medical is expected to be smaller as well. At this point, Thor Medical ASA has a negative expected return of -0.0295%. Please make sure to validate Thor Medical's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Thor Medical ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Thor Medical ASA has insignificant predictability. Overlapping area represents the amount of predictability between Thor Medical time series from 3rd of May 2025 to 17th of June 2025 and 17th of June 2025 to 1st of August 2025. 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 Medical ASA price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Thor Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thor Medical ASA lagged returns against current returns
Autocorrelation, which is Thor Medical 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 Medical's stock expected returns. We can calculate the autocorrelation of Thor Medical returns to help us make a trade decision. For example, suppose you find that Thor Medical 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 Medical 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 Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thor Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thor Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Thor Medical Lagged Returns
When evaluating Thor Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thor Medical stock have on its future price. Thor Medical 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 Medical autocorrelation shows the relationship between Thor Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Thor Medical ASA.
Regressed Prices |
| Timeline |
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