Toray Industries Adr Stock Market Value
| TRYIY Stock | USD 12.88 0.21 1.60% |
| Symbol | Toray |
Toray Industries '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 Toray Industries' 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 Toray Industries.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Toray Industries on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Toray Industries ADR or generate 0.0% return on investment in Toray Industries over 720 days. Toray Industries is related to or competes with Unifi, Albany International, Toray Industries, and Culp. Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performa... More
Toray Industries 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 Toray Industries' 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 Toray Industries ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 16.56 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.5 |
Toray Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toray Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toray Industries' standard deviation. In reality, there are many statistical measures that can use Toray Industries historical prices to predict the future Toray Industries' volatility.| Risk Adjusted Performance | 0.1187 | |||
| Jensen Alpha | 0.3046 | |||
| Total Risk Alpha | 0.0585 | |||
| Sortino Ratio | 0.1693 | |||
| Treynor Ratio | 0.8165 |
Toray Industries ADR Backtested Returns
Toray Industries appears to be not too volatile, given 3 months investment horizon. Toray Industries ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Toray Industries ADR, which you can use to evaluate the volatility of the company. Please review Toray Industries' Semi Deviation of 1.22, coefficient of variation of 648.14, and Risk Adjusted Performance of 0.1187 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Toray Industries holds a performance score of 12. The entity has a beta of 0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Toray Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Toray Industries is expected to be smaller as well. Please check Toray Industries' total risk alpha, downside variance, as well as the relationship between the Downside Variance and daily balance of power , to make a quick decision on whether Toray Industries' existing price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Toray Industries ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Toray Industries time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Toray Industries ADR price movement. The serial correlation of -0.73 indicates that around 73.0% of current Toray Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
Toray Industries ADR lagged returns against current returns
Autocorrelation, which is Toray Industries 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 Toray Industries' pink sheet expected returns. We can calculate the autocorrelation of Toray Industries returns to help us make a trade decision. For example, suppose you find that Toray Industries 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 |
Toray Industries 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 Toray Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toray Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toray Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Toray Industries Lagged Returns
When evaluating Toray Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toray Industries pink sheet have on its future price. Toray Industries 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, Toray Industries autocorrelation shows the relationship between Toray Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Toray Industries 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 Toray Pink Sheet Analysis
When running Toray Industries' price analysis, check to measure Toray Industries' 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 Toray Industries is operating at the current time. Most of Toray Industries' value examination focuses on studying past and present price action to predict the probability of Toray Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toray Industries' price. Additionally, you may evaluate how the addition of Toray Industries to your portfolios can decrease your overall portfolio volatility.