Toma As (Czech Republic) Market Value
| TOMA Stock | CZK 1,380 0.00 0.00% |
| Symbol | Toma |
Toma As '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 Toma As' 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 Toma As.
| 03/15/2024 |
| 06/13/2024 |
If you would invest 0.00 in Toma As on March 15, 2024 and sell it all today you would earn a total of 0.00 from holding Toma as or generate 0.0% return on investment in Toma As over 90 days. Toma As is related to or competes with Cez AS, Kofola CeskoSlovensko, MT 1997, HARDWARIO, Coloseum Holding, Primoco UAV, and Prabos Plus. TOMA, a.s. engages in the electricity, air, water, steam, and gas distribution businesses in the Czech Republic More
Toma As 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 Toma As' 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 Toma as upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.15 | |||
| Value At Risk | (2.16) |
Toma As Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toma As' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toma As' standard deviation. In reality, there are many statistical measures that can use Toma As historical prices to predict the future Toma As' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Toma As' 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.
Toma as Backtested Returns
Toma as owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0079, which indicates the firm had a -0.0079% return per unit of risk over the last 3 months. Toma as exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toma As' Coefficient Of Variation of (2,166), risk adjusted performance of (0.02), and Variance of 1.11 to confirm the risk estimate we provide. The entity has a beta of 0.0727, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toma As' returns are expected to increase less than the market. However, during the bear market, the loss of holding Toma As is expected to be smaller as well. At this point, Toma as has a negative expected return of -0.0077%. Please make sure to validate Toma As' value at risk, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Toma as performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Toma as has weak predictability. Overlapping area represents the amount of predictability between Toma As time series from 15th of March 2024 to 29th of April 2024 and 29th of April 2024 to 13th of June 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 Toma as price movement. The serial correlation of 0.24 indicates that over 24.0% of current Toma As price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 901.0 |
Toma as lagged returns against current returns
Autocorrelation, which is Toma As 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 Toma As' stock expected returns. We can calculate the autocorrelation of Toma As returns to help us make a trade decision. For example, suppose you find that Toma As 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 |
Toma As 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 Toma As stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toma As stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toma As stock over time.
Current vs Lagged Prices |
| Timeline |
Toma As Lagged Returns
When evaluating Toma As' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toma As stock have on its future price. Toma As 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, Toma As autocorrelation shows the relationship between Toma As stock current value and its past values and can show if there is a momentum factor associated with investing in Toma as.
Regressed Prices |
| Timeline |
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When running Toma As' price analysis, check to measure Toma As' 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 Toma As is operating at the current time. Most of Toma As' value examination focuses on studying past and present price action to predict the probability of Toma As' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toma As' price. Additionally, you may evaluate how the addition of Toma As to your portfolios can decrease your overall portfolio volatility.