Tokyo Electric Power Stock Market Value
| TKECF Stock | USD 6.31 0.04 0.63% |
| Symbol | Tokyo |
Tokyo Electric '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 Tokyo Electric'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 Tokyo Electric.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Tokyo Electric on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tokyo Electric Power or generate 0.0% return on investment in Tokyo Electric over 30 days. Tokyo Electric is related to or competes with Brookfield Renewable, Brookfield Renewable, Clearway Energy, Atlantica Sustainable, Nextera Energy, Algonquin Power, and Fusion Fuel. Tokyo Electric Power Company Holdings, Incorporated generates, transmits, distributes, and retails electric power in Jap... More
Tokyo Electric 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 Tokyo Electric'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 Tokyo Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.71 | |||
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 48.38 | |||
| Value At Risk | (6.34) | |||
| Potential Upside | 9.17 |
Tokyo Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokyo Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokyo Electric's standard deviation. In reality, there are many statistical measures that can use Tokyo Electric historical prices to predict the future Tokyo Electric's volatility.| Risk Adjusted Performance | 0.0526 | |||
| Jensen Alpha | 0.4595 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0379 | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tokyo Electric'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.
Tokyo Electric Power Backtested Returns
Tokyo Electric appears to be unstable, given 3 months investment horizon. Tokyo Electric Power owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0758, which indicates the firm had a 0.0758% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tokyo Electric Power, which you can use to evaluate the volatility of the company. Please review Tokyo Electric's Coefficient Of Variation of 1427.64, semi deviation of 3.29, and Risk Adjusted Performance of 0.0526 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tokyo Electric holds a performance score of 5. The entity has a beta of -0.96, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Tokyo Electric are expected to decrease slowly. On the other hand, during market turmoil, Tokyo Electric is expected to outperform it slightly. Please check Tokyo Electric's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Tokyo Electric's existing price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Tokyo Electric Power has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Tokyo Electric time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Tokyo Electric Power price movement. The serial correlation of -0.72 indicates that around 72.0% of current Tokyo Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Tokyo Electric Power lagged returns against current returns
Autocorrelation, which is Tokyo Electric 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 Tokyo Electric's pink sheet expected returns. We can calculate the autocorrelation of Tokyo Electric returns to help us make a trade decision. For example, suppose you find that Tokyo Electric 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 |
Tokyo Electric 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 Tokyo Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokyo Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokyo Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tokyo Electric Lagged Returns
When evaluating Tokyo Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokyo Electric pink sheet have on its future price. Tokyo Electric 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, Tokyo Electric autocorrelation shows the relationship between Tokyo Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tokyo Electric Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tokyo Electric Correlation, Tokyo Electric Volatility and Tokyo Electric Alpha and Beta module to complement your research on Tokyo Electric. Note that the Tokyo Electric Power information on this page should be used as a complementary analysis to other Tokyo Electric's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Tokyo Pink Sheet analysis
When running Tokyo Electric's price analysis, check to measure Tokyo Electric'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 Tokyo Electric is operating at the current time. Most of Tokyo Electric's value examination focuses on studying past and present price action to predict the probability of Tokyo Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tokyo Electric's price. Additionally, you may evaluate how the addition of Tokyo Electric to your portfolios can decrease your overall portfolio volatility.
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Tokyo Electric technical pink sheet 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, pink sheet market cycles, or different charting patterns.