The entity's average rating is Hold from 7 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Thor Industries market sentiment investors' perception of the future value of Thor Industries. Let us look at a few aspects of Thor Industries technical analysis. About
102.0% of the company shares are owned by institutional investors. Thor Industries has price-to-book ratio of 1.34. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. The entity has Price/Earnings To Growth (PEG) ratio of 0.03. The firm recorded earning per share (EPS) of 14.14. Thor Industries next dividend is scheduled to be issued on the 5th of April 2022. This firm had
2:1 split on the 27th of January 2004.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Thor Industries. In general, sophisticated investors focus on analyzing Thor Industries stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Thor Industries's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of Thor Industries's intrinsic value. In addition to deriving basic predictive indicators for Thor Industries, many experienced traders also check how macroeconomic factors affect Thor Industries price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of Thor Industries' 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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Thor Industries. Your research has to be compared to or analyzed against Thor Industries' peers to derive any actionable benefits. When done correctly, Thor Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Thor Industries.
How does Thor Stands against Peers?
Analyzing Thor Industries competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Thor Industries across multiple sectors and
thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out
Thor Industries Competition DetailsThor Industries Gross Profit
Thor Industries Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Thor Industries previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Thor Industries Gross Profit growth over the last 10 years. Please check Thor Industries'
gross profit and other
fundamental indicators for more details.
What is the case for Thor Industries Investors
The firm has a beta of 1.6074. Let's try to break down what Thor Industries's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thor Industries will likely underperform. The beta indicator helps investors understand whether Thor Industries moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Thor Industries deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns. Thor Industries reported the last year's revenue of 14.89
B. Total Income to common stockholders was 922.4
M with profit before taxes, overhead, and interest of 1.89
B.
Momentum Analysis of Thor Industries suggests possible reversal in July
Latest coefficient of variation indicator falls down to -1804.09. Possible price upswing?
As of the 7th of June, Thor Industries has the
risk adjusted performance of
(0.07), and Coefficient Of Variation of
(1,804). In relation to
fundamental indicators, the
technical analysis model makes it possible for you to check existing technical drivers of Thor Industries, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyze and collected data for nineteen
technical drivers for Thor Industries, which can be compared to its competition. Please validate
Thor Industries variance,
value at risk, as well as the
relationship between the Value At Risk and
skewness to decide if Thor Industries is priced more or less accurately, providing market reflects its prevalent price of 77.2 per share. Given that Thor Industries has
jensen alpha of
(0.14), we advise you to double-check Thor Industries's current market performance to make sure the company can sustain itself at a future point.
Our Conclusion on Thor Industries
Whereas some other companies under the recreational vehicles industry are still a bit expensive, Thor Industries may offer a potential longer-term growth to institutional investors. With a relatively neutral outlook on the latest economy, it is better to hold off any trading of Thor Industries as the current risk-reward utility is not appealing enough. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Thor Industries.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Thor Industries. Please refer to our
Terms of Use for any information regarding our disclosure principles.
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to
editors@macroaxis.com