Thor Industries Stock Market Value
| THO Stock | USD 103.37 2.07 2.04% |
| Symbol | Thor |
Thor Industries Price To Book Ratio
Is Thor Industries' industry 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 (0.74) | Dividend Share 1.86 | Earnings Share 5.05 | Revenue Per Share 194.511 | Quarterly Revenue Growth (0.06) |
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.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Thor Industries on March 24, 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 30 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 | (0.08) | |||
| Maximum Drawdown | 18.37 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 2.88 |
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 | (0.02) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.09) |
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.
Thor Industries Backtested Returns
Thor Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0378, which indicates the firm had a -0.0378% 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' Risk Adjusted Performance of (0.02), variance of 6.63, and Coefficient Of Variation of (2,026) to confirm the risk estimate we provide. The entity has a beta of 1.53, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thor Industries will likely underperform. Thor Industries has an expected return of -0.0994%. 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 | -0.17 |
Insignificant reverse predictability
Thor Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between Thor Industries time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 -0.17 indicates that over 17.0% of current Thor Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 26.32 |
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 |
Thor Industries Investors Sentiment
The influence of Thor Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Thor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Thor Industries' public news can be used to forecast risks associated with an investment in Thor. The trend in average sentiment can be used to explain how an investor holding Thor can time the market purely based on public headlines and social activities around Thor Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Thor Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Thor Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Thor Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Thor Industries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Thor Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Thor Industries' short interest history, or implied volatility extrapolated from Thor Industries options trading.
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When determining whether Thor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thor Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thor Industries Stock: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.Note that the Thor Industries information on this page should be used as a complementary analysis to other Thor Industries' 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Thor Stock analysis
When running Thor Industries' price analysis, check to measure Thor Industries' 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 Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.
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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.