Tokyu Corp Adr Stock Market Value
| TOKUY Stock | USD 11.77 0.00 0.00% |
| Symbol | Tokyu |
Tokyu Corp '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 Tokyu Corp'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 Tokyu Corp.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Tokyu Corp on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Tokyu Corp ADR or generate 0.0% return on investment in Tokyu Corp over 720 days. Tokyu Corp is related to or competes with Dillards Capital, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, 70082LAB3, and Sitka Gold. Tokyu Corporation, together with its subsidiaries, engages in the transportation, real estate, life services, and hotel ... More
Tokyu Corp 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 Tokyu Corp'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 Tokyu Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.92 |
Tokyu Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokyu Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokyu Corp's standard deviation. In reality, there are many statistical measures that can use Tokyu Corp historical prices to predict the future Tokyu Corp's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 1.1 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tokyu Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tokyu Corp ADR Backtested Returns
Tokyu Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Tokyu Corp ADR exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tokyu Corp's Variance of 0.0557, risk adjusted performance of (0.12), and Coefficient Of Variation of (812.40) to confirm the risk estimate we provide. The entity has a beta of -0.0356, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tokyu Corp are expected to decrease at a much lower rate. During the bear market, Tokyu Corp is likely to outperform the market. At this point, Tokyu Corp ADR has a negative expected return of -0.0295%. Please make sure to validate Tokyu Corp's information ratio, skewness, as well as the relationship between the Skewness and day median price , to decide if Tokyu Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Tokyu Corp ADR has virtually no predictability. Overlapping area represents the amount of predictability between Tokyu Corp time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Tokyu Corp ADR price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Tokyu Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Tokyu Corp ADR lagged returns against current returns
Autocorrelation, which is Tokyu Corp 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 Tokyu Corp's pink sheet expected returns. We can calculate the autocorrelation of Tokyu Corp returns to help us make a trade decision. For example, suppose you find that Tokyu Corp 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 |
Tokyu Corp 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 Tokyu Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokyu Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokyu Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tokyu Corp Lagged Returns
When evaluating Tokyu Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokyu Corp pink sheet have on its future price. Tokyu Corp 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, Tokyu Corp autocorrelation shows the relationship between Tokyu Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tokyu Corp ADR.
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 Tokyu Pink Sheet Analysis
When running Tokyu Corp's price analysis, check to measure Tokyu Corp'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 Tokyu Corp is operating at the current time. Most of Tokyu Corp's value examination focuses on studying past and present price action to predict the probability of Tokyu Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tokyu Corp's price. Additionally, you may evaluate how the addition of Tokyu Corp to your portfolios can decrease your overall portfolio volatility.