Tokyo Electron (Germany) Market Value
| TKY Stock | EUR 148.90 2.85 1.88% |
| Symbol | Tokyo |
Tokyo Electron '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 Tokyo Electron's 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 Tokyo Electron.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Tokyo Electron on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Tokyo Electron Limited or generate 0.0% return on investment in Tokyo Electron over 480 days. Tokyo Electron is related to or competes with Daido Steel, Insteel Industries, Xenia Hotels, Park Hotels, United States, and Nippon Steel. Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, distributes, and sells semiconductor and... More
Tokyo Electron 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 Tokyo Electron's 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 Tokyo Electron Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0172 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 5.73 |
Tokyo Electron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokyo Electron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokyo Electron's standard deviation. In reality, there are many statistical measures that can use Tokyo Electron historical prices to predict the future Tokyo Electron's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.0275 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0182 | |||
| Treynor Ratio | 0.1379 |
Tokyo Electron Backtested Returns
At this point, Tokyo Electron is very steady. Tokyo Electron owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0071, which indicates the firm had a 0.0071% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tokyo Electron Limited, which you can use to evaluate the volatility of the company. Please validate Tokyo Electron's Semi Deviation of 2.5, coefficient of variation of 1611.63, and Risk Adjusted Performance of 0.0522 to confirm if the risk estimate we provide is consistent with the expected return of 0.0193%. The entity has a beta of 1.18, 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, Tokyo Electron will likely underperform. Tokyo Electron right now has a risk of 2.72%. Please validate Tokyo Electron value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Tokyo Electron will be following its existing price patterns.
Auto-correlation | -0.85 |
Excellent reverse predictability
Tokyo Electron Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Tokyo Electron time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Tokyo Electron price movement. The serial correlation of -0.85 indicates that around 85.0% of current Tokyo Electron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 873.62 |
Tokyo Electron lagged returns against current returns
Autocorrelation, which is Tokyo Electron 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 Tokyo Electron's stock expected returns. We can calculate the autocorrelation of Tokyo Electron returns to help us make a trade decision. For example, suppose you find that Tokyo Electron 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 |
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Tokyo Electron 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 Tokyo Electron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokyo Electron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokyo Electron stock over time.
Current vs Lagged Prices |
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Tokyo Electron Lagged Returns
When evaluating Tokyo Electron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokyo Electron stock have on its future price. Tokyo Electron 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, Tokyo Electron autocorrelation shows the relationship between Tokyo Electron stock current value and its past values and can show if there is a momentum factor associated with investing in Tokyo Electron Limited.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Tokyo Stock
Tokyo Electron financial ratios help investors to determine whether Tokyo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tokyo with respect to the benefits of owning Tokyo Electron security.