Thunderbird Resorts (Netherlands) Market Value
| TBIRD Stock | USD 0.07 0.01 14.66% |
| Symbol | Thunderbird |
Thunderbird Resorts '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 Thunderbird Resorts' 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 Thunderbird Resorts.
| 05/19/2022 |
| 05/08/2024 |
If you would invest 0.00 in Thunderbird Resorts on May 19, 2022 and sell it all today you would earn a total of 0.00 from holding Thunderbird Resorts or generate 0.0% return on investment in Thunderbird Resorts over 720 days. Thunderbird Resorts is related to or competes with BV Delftsch, and Ctac NV. Thunderbird Resorts, Inc., through with its subsidiaries, develops, owns, and operates gaming venues in Nicaragua More
Thunderbird Resorts 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 Thunderbird Resorts' 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 Thunderbird Resorts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.64 | |||
| Value At Risk | (6.72) | |||
| Potential Upside | 7.41 |
Thunderbird Resorts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thunderbird Resorts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thunderbird Resorts' standard deviation. In reality, there are many statistical measures that can use Thunderbird Resorts historical prices to predict the future Thunderbird Resorts' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.4856 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thunderbird Resorts' 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.
Thunderbird Resorts Backtested Returns
Thunderbird Resorts owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0018, which indicates the firm had a -0.0018% return per unit of risk over the last 3 months. Thunderbird Resorts exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thunderbird Resorts' Variance of 21.17, coefficient of variation of (1,517), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thunderbird Resorts are expected to decrease at a much lower rate. During the bear market, Thunderbird Resorts is likely to outperform the market. Thunderbird Resorts has an expected return of -0.009%. Please make sure to validate Thunderbird Resorts value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Thunderbird Resorts performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Thunderbird Resorts has poor predictability. Overlapping area represents the amount of predictability between Thunderbird Resorts time series from 19th of May 2022 to 14th of May 2023 and 14th of May 2023 to 8th of May 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 Thunderbird Resorts price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Thunderbird Resorts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Thunderbird Resorts lagged returns against current returns
Autocorrelation, which is Thunderbird Resorts 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 Thunderbird Resorts' stock expected returns. We can calculate the autocorrelation of Thunderbird Resorts returns to help us make a trade decision. For example, suppose you find that Thunderbird Resorts 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 |
Thunderbird Resorts 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 Thunderbird Resorts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thunderbird Resorts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thunderbird Resorts stock over time.
Current vs Lagged Prices |
| Timeline |
Thunderbird Resorts Lagged Returns
When evaluating Thunderbird Resorts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thunderbird Resorts stock have on its future price. Thunderbird Resorts 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, Thunderbird Resorts autocorrelation shows the relationship between Thunderbird Resorts stock current value and its past values and can show if there is a momentum factor associated with investing in Thunderbird Resorts.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Thunderbird Resorts Correlation, Thunderbird Resorts Volatility and Thunderbird Resorts Alpha and Beta module to complement your research on Thunderbird Resorts. Note that the Thunderbird Resorts information on this page should be used as a complementary analysis to other Thunderbird Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Thunderbird Stock analysis
When running Thunderbird Resorts' price analysis, check to measure Thunderbird Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thunderbird Resorts is operating at the current time. Most of Thunderbird Resorts' value examination focuses on studying past and present price action to predict the probability of Thunderbird Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thunderbird Resorts' price. Additionally, you may evaluate how the addition of Thunderbird Resorts to your portfolios can decrease your overall portfolio volatility.
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Thunderbird Resorts 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.