Tokyo OTC Stock Volatility

TKECY -  USA Stock  

USD 3.50  0.00  0.00%

Tokyo Electric appears to be very risky, given 3 months investment horizon. Tokyo Electric Power owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0679, which indicates the firm had 0.0679% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Tokyo Electric Power, which you can use to evaluate the future volatility of the company. Please review Tokyo Electric's Risk Adjusted Performance of 0.05, coefficient of variation of 1700.04, and Semi Deviation of 6.38 to confirm if our risk estimates are consistent with your expectations.

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Tokyo Electric OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Tokyo daily returns, and it is calculated using variance and standard deviation. We also use Tokyo's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Tokyo Electric volatility.

60 Days Market Risk

Very risky

Chance of Distress

Close to Average

60 Days Economic Sensitivity

Almost mirrors the market

Tokyo Electric Market Sensitivity And Downside Risk

Tokyo Electric's beta coefficient measures the volatility of Tokyo otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Tokyo otc stock's returns against your selected market. In other words, Tokyo Electric's beta of 1.03 provides an investor with an approximation of how much risk Tokyo Electric otc stock can potentially add to one of your existing portfolios.
Let's try to break down what Tokyo's beta means in this case. Tokyo Electric returns are very sensitive to returns on the market. As the market goes up or down, Tokyo Electric is expected to follow.
3 Months Beta |Analyze Tokyo Electric Power Demand Trend
Check current 90 days Tokyo Electric correlation with market (DOW)

Tokyo Beta

    
  1.03  
Tokyo standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  4.84  
It is essential to understand the difference between upside risk (as represented by Tokyo Electric's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Tokyo Electric stock's daily returns or price. Since the actual investment returns on holding a position in Tokyo Electric stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Tokyo Electric.

Tokyo Electric Power OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Tokyo Electric Power Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Tokyo Electric Projected Return Density Against Market

Assuming the 90 days horizon the otc stock has the beta coefficient of 1.0329 . This usually implies Tokyo Electric Power market returns are sensitive to returns on the market. As the market goes up or down, Tokyo Electric is expected to follow.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tokyo Electric or Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tokyo Electric stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tokyo stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.4964, implying that it can generate a 0.5 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

Tokyo Electric OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tokyo Electric or Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tokyo Electric stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tokyo stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Tokyo Electric is 1473.53. The daily returns are distributed with a variance of 23.47 and standard deviation of 4.84. The mean deviation of Tokyo Electric Power is currently at 2.6. For similar time horizon, the selected benchmark (DOW) has volatility of 0.69
α
Alpha over DOW
0.50
β
Beta against DOW1.03
σ
Overall volatility
4.84
Ir
Information ratio 0.05

Tokyo Electric OTC Stock Return Volatility

Tokyo Electric historical daily return volatility represents how much Tokyo Electric stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company shows 4.8449% volatility of returns over 90 . By contrast, DOW inherits 0.7356% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Tokyo Electric Volatility

Volatility is a rate at which the price of Tokyo Electric or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Tokyo Electric may increase or decrease. In other words, similar to Tokyo's beta indicator, it measures the risk of Tokyo Electric and helps estimate the fluctuations that may happen in a short period of time. So if prices of Tokyo Electric fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Tokyo Electric Power Company Holdings, Incorporated generates, transmits, distributes, and retails electric power in Japan and internationally. Tokyo Electric Power Company Holdings, Incorporated is a subsidiary of Nuclear Damage Compensation and Decommissioning Facilitation Corporation. Tokyo Electric operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange. It employs 37891 people.

Tokyo Electric Investment Opportunity

Tokyo Electric Power has a volatility of 4.84 and is 6.54 times more volatile than DOW. 41  of all equities and portfolios are less risky than Tokyo Electric. Compared to the overall equity markets, volatility of historical daily returns of Tokyo Electric Power is lower than 41 () of all global equities and portfolios over the last 90 days. Use Tokyo Electric Power to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Tokyo Electric to be traded at $3.47 in 90 days. . Let's try to break down what Tokyo's beta means in this case. Tokyo Electric returns are very sensitive to returns on the market. As the market goes up or down, Tokyo Electric is expected to follow.

Significant diversification

The correlation between Tokyo Electric Power and DJI is Significant diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tokyo Electric Power and DJI in the same portfolio assuming nothing else is changed.

Tokyo Electric Additional Risk Indicators

The analysis of Tokyo Electric's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Tokyo Electric's investment and either accepting that risk or mitigating it. Along with some common measures of Tokyo Electric stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.05
Market Risk Adjusted Performance0.5237
Mean Deviation4.16
Semi Deviation6.38
Downside Deviation10.49
Coefficient Of Variation1700.04
Standard Deviation9.19
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Tokyo Electric Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Tokyo Electric as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Tokyo Electric's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Tokyo Electric's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Tokyo Electric Power.
Additionally, take a look at World Market Map. 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 Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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When running Tokyo Electric Power 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 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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The market value of Tokyo Electric Power is measured differently than its book value, which is the value of Tokyo that is recorded on the company's balance sheet. Investors also form their own opinion of Tokyo Electric's value that differs from its market value or its book value, called intrinsic value, which is Tokyo Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tokyo Electric's market value can be influenced by many factors that don't directly affect Tokyo Electric Power underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tokyo Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine Tokyo Electric value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tokyo Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.