Toivo Group (Finland) Market Value
| TOIVO Stock | 0.96 0.02 2.13% |
| Symbol | Toivo |
Toivo Group '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 Toivo Group'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 Toivo Group.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Toivo Group on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Toivo Group Oyj or generate 0.0% return on investment in Toivo Group over 30 days. Toivo Group is related to or competes with Nightingale Health, United Bankers, Detection Technology, and Nordea Bank. More
Toivo Group 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 Toivo Group'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 Toivo Group Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 14.34 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 4.85 |
Toivo Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toivo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toivo Group's standard deviation. In reality, there are many statistical measures that can use Toivo Group historical prices to predict the future Toivo Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.82) |
Toivo Group Oyj Backtested Returns
Toivo Group Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0825, which indicates the firm had a -0.0825 % return per unit of risk over the last 3 months. Toivo Group Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toivo Group's Coefficient Of Variation of (1,213), variance of 7.1, and Risk Adjusted Performance of (0.06) 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, Toivo Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toivo Group is expected to be smaller as well. At this point, Toivo Group Oyj has a negative expected return of -0.22%. Please make sure to validate Toivo Group's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Toivo Group Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Toivo Group Oyj has very weak reverse predictability. Overlapping area represents the amount of predictability between Toivo Group time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Toivo Group Oyj price movement. The serial correlation of -0.03 indicates that only 3.0% of current Toivo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Toivo Group Oyj lagged returns against current returns
Autocorrelation, which is Toivo Group 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 Toivo Group's stock expected returns. We can calculate the autocorrelation of Toivo Group returns to help us make a trade decision. For example, suppose you find that Toivo Group 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 |
Toivo Group 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 Toivo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toivo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toivo Group stock over time.
Current vs Lagged Prices |
| Timeline |
Toivo Group Lagged Returns
When evaluating Toivo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toivo Group stock have on its future price. Toivo Group 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, Toivo Group autocorrelation shows the relationship between Toivo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Toivo Group Oyj.
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.Other Information on Investing in Toivo Stock
Toivo Group financial ratios help investors to determine whether Toivo 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 Toivo with respect to the benefits of owning Toivo Group security.