Tokuyama Corp Adr Stock Market Value
| TKYMY Stock | USD 9.48 0.48 5.33% |
| Symbol | Tokuyama |
Tokuyama Corp '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 Tokuyama Corp'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 Tokuyama Corp.
| 03/25/2024 |
| 09/21/2024 |
If you would invest 0.00 in Tokuyama Corp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tokuyama Corp ADR or generate 0.0% return on investment in Tokuyama Corp over 180 days. Tokuyama Corp is related to or competes with HEXPOL AB, Essentra Plc, Air Water, Brenntag, Sociedad Quimica, Eastman Chemical, and Sasol. Tokuyama Corporation produces and sells various chemical products in Japan More
Tokuyama Corp 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 Tokuyama Corp'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 Tokuyama Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.33 |
Tokuyama Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokuyama Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokuyama Corp's standard deviation. In reality, there are many statistical measures that can use Tokuyama Corp historical prices to predict the future Tokuyama Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.079 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tokuyama Corp'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.
Tokuyama Corp ADR Backtested Returns
At this stage we consider Tokuyama Pink Sheet to be not too volatile. Tokuyama Corp ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0739, which indicates the firm had a 0.0739% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Tokuyama Corp ADR, which you can use to evaluate the volatility of the company. Please validate Tokuyama Corp's Variance of 1.23, insignificant risk adjusted performance, and Coefficient Of Variation of (21,742) to confirm if the risk estimate we provide is consistent with the expected return of 0.07%. Tokuyama Corp has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tokuyama Corp are expected to decrease at a much lower rate. During the bear market, Tokuyama Corp is likely to outperform the market. Tokuyama Corp ADR right now has a risk of 0.95%. Please validate Tokuyama Corp information ratio and rate of daily change , to decide if Tokuyama Corp will be following its existing price patterns.
Auto-correlation | 0.21 |
Weak predictability
Tokuyama Corp ADR has weak predictability. Overlapping area represents the amount of predictability between Tokuyama Corp time series from 25th of March 2024 to 23rd of June 2024 and 23rd of June 2024 to 21st of September 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 Tokuyama Corp ADR price movement. The serial correlation of 0.21 indicates that over 21.0% of current Tokuyama Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tokuyama Corp ADR lagged returns against current returns
Autocorrelation, which is Tokuyama Corp 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 Tokuyama Corp's pink sheet expected returns. We can calculate the autocorrelation of Tokuyama Corp returns to help us make a trade decision. For example, suppose you find that Tokuyama Corp 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 |
Tokuyama Corp 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 Tokuyama Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokuyama Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tokuyama Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tokuyama Corp Lagged Returns
When evaluating Tokuyama Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokuyama Corp pink sheet have on its future price. Tokuyama Corp 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, Tokuyama Corp autocorrelation shows the relationship between Tokuyama Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tokuyama Corp 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 Tokuyama Pink Sheet Analysis
When running Tokuyama Corp's price analysis, check to measure Tokuyama Corp'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 Tokuyama Corp is operating at the current time. Most of Tokuyama Corp's value examination focuses on studying past and present price action to predict the probability of Tokuyama Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tokuyama Corp's price. Additionally, you may evaluate how the addition of Tokuyama Corp to your portfolios can decrease your overall portfolio volatility.