Toyobo Co Ltd Stock Market Value
| TYOBY Stock | USD 7.20 0.00 0.00% |
| Symbol | Toyobo |
Toyobo Co '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 Toyobo Co's pink sheet 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 Toyobo Co.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Toyobo Co on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Toyobo Co Ltd or generate 0.0% return on investment in Toyobo Co over 30 days. Toyobo Co is related to or competes with Air Liquide, Sherwin Williams, Ecolab, Air Products, Dupont De, and PPG Industries. Toyobo Co., Ltd. provides films and functional polymers, industrial materials, and healthcare and textile products world... More
Toyobo Co 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 Toyobo Co's pink sheet 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 Toyobo Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0025 | |||
| Maximum Drawdown | 10.49 |
Toyobo Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toyobo Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toyobo Co's standard deviation. In reality, there are many statistical measures that can use Toyobo Co historical prices to predict the future Toyobo Co's volatility.| Risk Adjusted Performance | 0.0594 | |||
| Jensen Alpha | 0.0641 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.3666 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toyobo Co'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.
Toyobo Co Backtested Returns
Toyobo Co owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0138, which indicates the firm had a -0.0138% return per unit of risk over the last 3 months. Toyobo Co Ltd exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toyobo Co's Coefficient Of Variation of 1124.35, risk adjusted performance of 0.0594, and Variance of 1.06 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toyobo Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toyobo Co is expected to be smaller as well. Toyobo Co has an expected return of -0.0089%. Please make sure to validate Toyobo Co market risk adjusted performance, treynor ratio, as well as the relationship between the Treynor Ratio and day typical price , to decide if Toyobo Co performance from the past will be repeated at some point in the near future.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
Toyobo Co Ltd has near perfect reversele predictability. Overlapping area represents the amount of predictability between Toyobo Co time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 Toyobo Co price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current Toyobo Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Toyobo Co lagged returns against current returns
Autocorrelation, which is Toyobo Co pink sheet'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 Toyobo Co's pink sheet expected returns. We can calculate the autocorrelation of Toyobo Co returns to help us make a trade decision. For example, suppose you find that Toyobo Co has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Toyobo Co 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 Toyobo Co pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toyobo Co pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toyobo Co pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Toyobo Co Lagged Returns
When evaluating Toyobo Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toyobo Co pink sheet have on its future price. Toyobo Co 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, Toyobo Co autocorrelation shows the relationship between Toyobo Co pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Toyobo Co Ltd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Toyobo Co Correlation, Toyobo Co Volatility and Toyobo Co Alpha and Beta module to complement your research on Toyobo Co. Note that the Toyobo Co information on this page should be used as a complementary analysis to other Toyobo Co's 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Toyobo Pink Sheet analysis
When running Toyobo Co's price analysis, check to measure Toyobo Co's 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 Toyobo Co is operating at the current time. Most of Toyobo Co's value examination focuses on studying past and present price action to predict the probability of Toyobo Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toyobo Co's price. Additionally, you may evaluate how the addition of Toyobo Co to your portfolios can decrease your overall portfolio volatility.
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Toyobo Co technical pink sheet 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, pink sheet market cycles, or different charting patterns.