Toma As (Czech Republic) Market Value
| TOMA Stock | CZK 1,350 20.00 1.46% |
| Symbol | Toma |
Toma As '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 Toma As' 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 Toma As.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Toma As on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Toma as or generate 0.0% return on investment in Toma As over 90 days. Toma As is related to or competes with Moneta Money, Erste Group, Vienna Insurance, and UNIQA Insurance. TOMA, a.s. engages in the electricity, air, water, steam, and gas distribution businesses in the Czech Republic More
Toma As 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 Toma As' 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 Toma as upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.83 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 26.3 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 5.84 |
Toma As Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toma As' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toma As' standard deviation. In reality, there are many statistical measures that can use Toma As historical prices to predict the future Toma As' volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.1873 | |||
| Total Risk Alpha | 0.5809 | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | 0.1702 |
Toma as Backtested Returns
Currently, Toma as is very steady. Toma as owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Toma as, which you can use to evaluate the volatility of the company. Please validate Toma As' Semi Deviation of 2.57, risk adjusted performance of 0.0367, and Coefficient Of Variation of 3002.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.0371%. The entity has a beta of 0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Toma As' returns are expected to increase less than the market. However, during the bear market, the loss of holding Toma As is expected to be smaller as well. Toma as right now has a risk of 3.91%. Please validate Toma As sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Toma As will be following its existing price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Toma as has insignificant reverse predictability. Overlapping area represents the amount of predictability between Toma As time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Toma as price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Toma As price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1431.87 |
Toma as lagged returns against current returns
Autocorrelation, which is Toma As 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 Toma As' stock expected returns. We can calculate the autocorrelation of Toma As returns to help us make a trade decision. For example, suppose you find that Toma As 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 |
Toma As 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 Toma As stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toma As stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toma As stock over time.
Current vs Lagged Prices |
| Timeline |
Toma As Lagged Returns
When evaluating Toma As' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toma As stock have on its future price. Toma As 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, Toma As autocorrelation shows the relationship between Toma As stock current value and its past values and can show if there is a momentum factor associated with investing in Toma as.
Regressed Prices |
| Timeline |
Pair Trading with Toma As
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Toma As position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Toma As will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Toma As could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toma As when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Toma As - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Toma as to buy it.
The correlation of Toma As is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toma As moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toma as moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Toma As can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Toma Stock Analysis
When running Toma As' price analysis, check to measure Toma As' 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 Toma As is operating at the current time. Most of Toma As' value examination focuses on studying past and present price action to predict the probability of Toma As' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toma As' price. Additionally, you may evaluate how the addition of Toma As to your portfolios can decrease your overall portfolio volatility.