Tokyo Electron Ltd Stock Market Value
| TOELY Stock | USD 77.50 0.54 0.69% |
| 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 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 Tokyo Electron.
| 06/20/2024 |
| 12/17/2024 |
If you would invest 0.00 in Tokyo Electron on June 20, 2024 and sell it all today you would earn a total of 0.00 from holding Tokyo Electron Ltd or generate 0.0% return on investment in Tokyo Electron over 180 days. Tokyo Electron is related to or competes with Advantest, Disco Corp, Teradyne, Lasertec, Sumco Corp, Asm Pacific, and Tokyo Electron. Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel d... 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 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 Tokyo Electron Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.46 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 3.84 |
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 | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.08) |
Tokyo Electron Backtested Returns
At this stage we consider Tokyo Pink Sheet to be very steady. Tokyo Electron owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0013, which indicates the firm had a 0.0013% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Tokyo Electron Ltd, which you can use to evaluate the volatility of the company. Please validate Tokyo Electron's Risk Adjusted Performance of (0.02), coefficient of variation of (3,149), and Variance of 7.94 to confirm if the risk estimate we provide is consistent with the expected return of 0.0036%. The entity has a beta of 1.2, 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 2.83%. Please validate Tokyo Electron total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Tokyo Electron will be following its existing price patterns.
Auto-correlation | 0.57 |
Modest predictability
Tokyo Electron Ltd has modest predictability. Overlapping area represents the amount of predictability between Tokyo Electron time series from 20th of June 2024 to 18th of September 2024 and 18th of September 2024 to 17th 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 0.57 indicates that roughly 57.0% of current Tokyo Electron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 34.19 |
Tokyo Electron lagged returns against current returns
Autocorrelation, which is Tokyo Electron 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 Tokyo Electron's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokyo Electron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokyo Electron pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tokyo Electron Ltd.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Tokyo Pink Sheet Analysis
When running Tokyo Electron's price analysis, check to measure Tokyo Electron'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 Tokyo Electron is operating at the current time. Most of Tokyo Electron's value examination focuses on studying past and present price action to predict the probability of Tokyo Electron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tokyo Electron's price. Additionally, you may evaluate how the addition of Tokyo Electron to your portfolios can decrease your overall portfolio volatility.