Tokai Carbon Co Stock Market Value
| TKCBY Stock | USD 26.50 0.00 0.00% |
| Symbol | Tokai |
Tokai Carbon '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 Tokai Carbon'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 Tokai Carbon.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Tokai Carbon on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tokai Carbon Co or generate 0.0% return on investment in Tokai Carbon over 30 days. Tokai Carbon is related to or competes with Air Liquide, Sherwin Williams, Ecolab, Air Products, Dupont De, and PPG Industries. Tokai Carbon Co., Ltd. manufactures and sells carbon-related products and services in Japan More
Tokai Carbon 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 Tokai Carbon'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 Tokai Carbon Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.75 |
Tokai Carbon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokai Carbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokai Carbon's standard deviation. In reality, there are many statistical measures that can use Tokai Carbon historical prices to predict the future Tokai Carbon's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.4745 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tokai Carbon'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.
Tokai Carbon Backtested Returns
Tokai Carbon owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Tokai Carbon Co exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tokai Carbon's Variance of 0.9354, risk adjusted performance of (0.06), and Coefficient Of Variation of (972.21) to confirm the risk estimate we provide. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tokai Carbon are expected to decrease at a much lower rate. During the bear market, Tokai Carbon is likely to outperform the market. Tokai Carbon has an expected return of -0.11%. Please make sure to validate Tokai Carbon information ratio and rate of daily change , to decide if Tokai Carbon performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Tokai Carbon Co has no correlation between past and present. Overlapping area represents the amount of predictability between Tokai Carbon 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 Tokai Carbon price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tokai Carbon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tokai Carbon lagged returns against current returns
Autocorrelation, which is Tokai Carbon 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 Tokai Carbon's pink sheet expected returns. We can calculate the autocorrelation of Tokai Carbon returns to help us make a trade decision. For example, suppose you find that Tokai Carbon 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 |
Tokai Carbon 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 Tokai Carbon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokai Carbon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokai Carbon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tokai Carbon Lagged Returns
When evaluating Tokai Carbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokai Carbon pink sheet have on its future price. Tokai Carbon 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, Tokai Carbon autocorrelation shows the relationship between Tokai Carbon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tokai Carbon Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tokai Carbon Correlation, Tokai Carbon Volatility and Tokai Carbon Alpha and Beta module to complement your research on Tokai Carbon. Note that the Tokai Carbon information on this page should be used as a complementary analysis to other Tokai Carbon'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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Tokai Pink Sheet analysis
When running Tokai Carbon's price analysis, check to measure Tokai Carbon'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 Tokai Carbon is operating at the current time. Most of Tokai Carbon's value examination focuses on studying past and present price action to predict the probability of Tokai Carbon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tokai Carbon's price. Additionally, you may evaluate how the addition of Tokai Carbon to your portfolios can decrease your overall portfolio volatility.
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Tokai Carbon 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.