Thor Industries Stock Market Value

THO Stock

USD 78.28 0.10 0.13%

Thor Industries' market value is the price at which a share of Thor Industries stock trades on a public exchange. It measures the collective expectations of Thor Industries investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Thor Industries and determine expected loss or profit from investing in Thor Industries over a given investment horizon. Additionally, take a look at Thor Industries Correlation, Thor Industries Volatility and Thor Industries Alpha and Beta module to complement your research on Thor Industries.

Symbol

Thor Industries company Valuation

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 Industries 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

(0.90)

Dividend Share

1.76

Earnings Share

13.2

Revenue Per Share

257.563

Quarterly Revenue Growth

(0.39)

The market value of Thor Industries is measured differently than its book value, which is the value of Thor Industries 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 Thor Industries value 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.

0.00

02/19/2023

No Change 0.00

0.0

In 30 days

03/21/2023

0.00

If you would invest 0.00 in Thor Industries on February 19, 2023 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 Dorman Products, BorgWarner, Cooper Stnd, Dana, Aptiv PLC, American Axle, and China Automotive. 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	0.0131
	Maximum Drawdown	15.08
	Value At Risk	(3.80)
	Potential Upside	3.98

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	(0.008423)
	Jensen Alpha	0.0882
	Total Risk Alpha	0.1773
	Treynor Ratio	(0.030323)

Sophisticated investors, who have witnessed many market ups and downs, frequently view 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 use the tools below to analyze the current value of Thor Industries in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
75.61	78.23	80.85

Details

Intrinsic

Valuation

Low	Real Value	High
70.45	83.56	86.18

Details

11 Analysts

Consensus

Low	Target Price	High
65.00	83.78	100.00

Details

Earnings

Estimates (5)

Low	Projected EPS	High
0.89	1.19	1.45

Details

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 towards taking a position in Thor Industries.

Thor Industries Backtested Returns

We consider Thor Industries very steady. Thor Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0149, which indicates the firm had 0.0149% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Thor Industries, which you can use to evaluate the future volatility of the company. Please validate Thor Industries risk adjusted performance of (0.008423), and Coefficient Of Variation of (6,480) to confirm if the risk estimate we provide is consistent with the expected return of 0.039%.

Thor Industries has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 1.6459, which indicates a somewhat significant risk relative to the market. 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. Although it is important to respect Thor Industries current price movements, it is better to be realistic regarding the information on the equity's historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Thor Industries technical indicators, you can presently evaluate if the expected return of 0.039% will be sustainable into the future. Thor Industries right now has a risk of 2.62%. 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 will be following its existing price patterns.

Auto-correlation

-0.31

Poor reverse predictability

Thor Industries has poor reverse predictability. Overlapping area represents the amount of predictability between Thor Industries time series from 19th of February 2023 to 6th of March 2023 and 6th of March 2023 to 21st of March 2023. 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 -0.31 indicates that nearly 31.0% of current Thor Industries price fluctuation can be explain by its past prices.

	Correlation Coefficient	-0.31
	Spearman Rank Test	-0.12
	Residual Average	0.0
	Price Variance	21.57

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 stock 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 stock 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 Industries. 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 markets does not have a solid backing from leading economists and market statisticians.

Investor biases related to Thor Industries' public news can be used to forecast risks associated with investment in Thor Industries. The trend in average sentiment can be used to explain how an investor holding Thor Industries can time the market purely based on public headlines and social activities around Thor Industries. Please note that most equiteis 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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Additionally, take a look at Thor Industries Correlation, Thor Industries Volatility and Thor Industries Alpha and Beta module to complement your research on Thor Industries. 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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Thor Industries 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 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.

Volatility Indicators

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Value Movement

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A focus of Thor Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Thor Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Thor Industries Stock Market Value

Thor Industries company Valuation

Thor Industries 'What if' Analysis

Thor Industries Upside/Downside Indicators

Thor Industries Market Risk Indicators

Thor Industries Backtested Returns

Auto-correlation

Poor reverse predictability

Thor Industries lagged returns against current returns

Thor Industries regressed lagged prices vs. current prices

Thor Industries Lagged Returns

Thor Industries Investors Sentiment

Currently Active Assets on Macroaxis

Complementary Tools for Thor Industries Stock analysis

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