Toho Holdings (Germany) Market Value
| TON Stock | EUR 21.80 0.20 0.93% |
| Symbol | Toho |
Toho Holdings '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 Toho Holdings' 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 Toho Holdings.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Toho Holdings on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Toho Holdings Co or generate 0.0% return on investment in Toho Holdings over 30 days. Toho Holdings is related to or competes with Rayonier Advanced, Jacquet Metal, WASTE PLASTIC, Summit Materials, Perseus Mining, and Compagnie Plastic. Toho Holdings Co., Ltd. engages in the wholesale distribution of pharmaceutical products in Japan More
Toho Holdings 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 Toho Holdings' 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 Toho Holdings Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | 0.126 | |||
| Maximum Drawdown | 12.14 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.08 |
Toho Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toho Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toho Holdings' standard deviation. In reality, there are many statistical measures that can use Toho Holdings historical prices to predict the future Toho Holdings' volatility.| Risk Adjusted Performance | 0.1188 | |||
| Jensen Alpha | 0.334 | |||
| Total Risk Alpha | 0.0664 | |||
| Sortino Ratio | 0.1417 | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toho Holdings' 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.
Toho Holdings Backtested Returns
Toho Holdings appears to be very steady, given 3 months investment horizon. Toho Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Toho Holdings Co, which you can use to evaluate the volatility of the company. Please review Toho Holdings' Coefficient Of Variation of 555.0, semi deviation of 0.7715, and Risk Adjusted Performance of 0.1188 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Toho Holdings holds a performance score of 16. The entity has a beta of -0.31, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Toho Holdings are expected to decrease at a much lower rate. During the bear market, Toho Holdings is likely to outperform the market. Please check Toho Holdings' maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Toho Holdings' existing price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Toho Holdings Co has poor reverse predictability. Overlapping area represents the amount of predictability between Toho Holdings time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Toho Holdings price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Toho Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Toho Holdings lagged returns against current returns
Autocorrelation, which is Toho Holdings 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 Toho Holdings' stock expected returns. We can calculate the autocorrelation of Toho Holdings returns to help us make a trade decision. For example, suppose you find that Toho Holdings 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 |
Toho Holdings 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 Toho Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toho Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toho Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Toho Holdings Lagged Returns
When evaluating Toho Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toho Holdings stock have on its future price. Toho Holdings 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, Toho Holdings autocorrelation shows the relationship between Toho Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Toho Holdings Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Toho Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Toho Holdings' short interest history, or implied volatility extrapolated from Toho Holdings options trading.
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Check out Toho Holdings Correlation, Toho Holdings Volatility and Toho Holdings Alpha and Beta module to complement your research on Toho Holdings. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Toho Stock analysis
When running Toho Holdings' price analysis, check to measure Toho Holdings' 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 Toho Holdings is operating at the current time. Most of Toho Holdings' value examination focuses on studying past and present price action to predict the probability of Toho Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toho Holdings' price. Additionally, you may evaluate how the addition of Toho Holdings to your portfolios can decrease your overall portfolio volatility.
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Toho Holdings 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.