Toyo Co, Ltd Stock Market Value
| TOYO Stock | 2.94 0.14 5.00% |
| Symbol | TOYO |
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TOYO Co,. If investors know TOYO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TOYO Co, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of TOYO Co, is measured differently than its book value, which is the value of TOYO that is recorded on the company's balance sheet. Investors also form their own opinion of TOYO Co,'s value that differs from its market value or its book value, called intrinsic value, which is TOYO Co,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TOYO Co,'s market value can be influenced by many factors that don't directly affect TOYO Co,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TOYO Co,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if TOYO Co, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TOYO Co,'s price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TOYO Co, '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 TOYO Co,'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 TOYO Co,.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in TOYO Co, on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding TOYO Co, Ltd or generate 0.0% return on investment in TOYO Co, over 90 days. TOYO Co, is related to or competes with Hertz Global, McGrath RentCorp, Intellinetics, Webus International, Asure Software, and Willis Lease. More
TOYO Co, 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 TOYO Co,'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 TOYO Co, Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.19 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 6.32 |
TOYO Co, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOYO Co,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOYO Co,'s standard deviation. In reality, there are many statistical measures that can use TOYO Co, historical prices to predict the future TOYO Co,'s volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | 0.5824 | |||
| Treynor Ratio | (1.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TOYO Co,'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.
TOYO Co, Backtested Returns
TOYO Co, owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0411, which indicates the firm had a -0.0411 % return per unit of risk over the last 3 months. TOYO Co, Ltd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOYO Co,'s Variance of 21.62, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,433) to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TOYO Co,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding TOYO Co, is expected to be smaller as well. At this point, TOYO Co, has a negative expected return of -0.19%. Please make sure to validate TOYO Co,'s treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if TOYO Co, performance from the past will be repeated at some future point.
Auto-correlation | -0.01 |
Very weak reverse predictability
TOYO Co, Ltd has very weak reverse predictability. Overlapping area represents the amount of predictability between TOYO Co, time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 TOYO Co, price movement. The serial correlation of -0.01 indicates that just 1.0% of current TOYO Co, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
TOYO Co, lagged returns against current returns
Autocorrelation, which is TOYO Co, 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 TOYO Co,'s stock expected returns. We can calculate the autocorrelation of TOYO Co, returns to help us make a trade decision. For example, suppose you find that TOYO Co, 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 |
TOYO Co, 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 TOYO Co, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOYO Co, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOYO Co, stock over time.
Current vs Lagged Prices |
| Timeline |
TOYO Co, Lagged Returns
When evaluating TOYO Co,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOYO Co, stock have on its future price. TOYO Co, 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, TOYO Co, autocorrelation shows the relationship between TOYO Co, stock current value and its past values and can show if there is a momentum factor associated with investing in TOYO Co, Ltd.
Regressed Prices |
| Timeline |
Pair Trading with TOYO Co,
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 TOYO Co, 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 TOYO Co, will appreciate offsetting losses from the drop in the long position's value.Moving together with TOYO Stock
Moving against TOYO Stock
| 0.67 | BZ | Kanzhun Ltd ADR | PairCorr |
| 0.54 | PLOW | Douglas Dynamics | PairCorr |
| 0.43 | MMM | 3M Company | PairCorr |
| 0.36 | CR | Crane Company | PairCorr |
The ability to find closely correlated positions to TOYO Co, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOYO Co, 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 TOYO Co, - 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 TOYO Co, Ltd to buy it.
The correlation of TOYO Co, 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 TOYO Co, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TOYO Co, 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 TOYO Co, 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.Check out TOYO Co, Correlation, TOYO Co, Volatility and TOYO Co, Alpha and Beta module to complement your research on TOYO Co,. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
TOYO Co, technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.