Tokyo Gas (Germany) Market Value
| TOG Stock | EUR 29.20 0.40 1.39% |
| Symbol | Tokyo |
Tokyo Gas '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 Gas' 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 Gas.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tokyo Gas on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tokyo Gas CoLtd or generate 0.0% return on investment in Tokyo Gas over 90 days. Tokyo Gas is related to or competes with American Homes, Citic Telecom, Chunghwa Telecom, Ribbon Communications, and Cairo Communication. Tokyo Gas Co., Ltd. produces, supplies, and sells natural gas in Japan More
Tokyo Gas 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 Gas' 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 Gas CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.098 | |||
| Maximum Drawdown | 11.46 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.96 |
Tokyo Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokyo Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokyo Gas' standard deviation. In reality, there are many statistical measures that can use Tokyo Gas historical prices to predict the future Tokyo Gas' volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.04 | |||
| Total Risk Alpha | 0.3828 | |||
| Sortino Ratio | 0.121 | |||
| Treynor Ratio | (0.66) |
Tokyo Gas CoLtd Backtested Returns
At this point, Tokyo Gas is very steady. Tokyo Gas CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0563, which indicates the firm had a 0.0563 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Tokyo Gas CoLtd, which you can use to evaluate the volatility of the company. Please validate Tokyo Gas' Coefficient Of Variation of 3237.44, semi deviation of 1.35, and Risk Adjusted Performance of 0.0318 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Tokyo Gas has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.0766, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tokyo Gas are expected to decrease at a much lower rate. During the bear market, Tokyo Gas is likely to outperform the market. Tokyo Gas CoLtd right now has a risk of 2.01%. Please validate Tokyo Gas total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Tokyo Gas will be following its existing price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
Tokyo Gas CoLtd has very good reverse predictability. Overlapping area represents the amount of predictability between Tokyo Gas time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Gas CoLtd price movement. The serial correlation of -0.7 indicates that around 70.0% of current Tokyo Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 |
Tokyo Gas CoLtd lagged returns against current returns
Autocorrelation, which is Tokyo Gas 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 Gas' stock expected returns. We can calculate the autocorrelation of Tokyo Gas returns to help us make a trade decision. For example, suppose you find that Tokyo Gas 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 Gas 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 Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokyo Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokyo Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Tokyo Gas Lagged Returns
When evaluating Tokyo Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokyo Gas stock have on its future price. Tokyo Gas 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 Gas autocorrelation shows the relationship between Tokyo Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Tokyo Gas CoLtd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tokyo Stock
Tokyo Gas 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 Gas security.