Tokyo Electron (Germany) Market Value
| TKY Stock | EUR 133.80 2.10 1.59% |
| 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Tokyo Electron on December 16, 2024 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 90 days. Tokyo Electron is related to or competes with GREENX METALS, Perseus Mining, MCEWEN MINING, Harmony Gold, Zijin Mining, and FIREWEED METALS. 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.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.56 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 4.84 |
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 | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.1749 | |||
| Treynor Ratio | (0.59) |
Tokyo Electron Backtested Returns
Tokyo Electron owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0606, which indicates the firm had a -0.0606 % return per unit of risk over the last 3 months. Tokyo Electron Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tokyo Electron's Variance of 7.34, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,754) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tokyo Electron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tokyo Electron is expected to be smaller as well. At this point, Tokyo Electron has a negative expected return of -0.17%. Please make sure to validate Tokyo Electron's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Tokyo Electron performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Tokyo Electron Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Tokyo Electron time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 -0.39 indicates that just about 39.0% of current Tokyo Electron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 128.25 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
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.