Tomra Systems (UK) Market Value
| 0KV7 Stock | 156.07 6.75 4.15% |
| Symbol | Tomra |
Tomra Systems '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 Tomra Systems' 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 Tomra Systems.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Tomra Systems on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tomra Systems ASA or generate 0.0% return on investment in Tomra Systems over 30 days. Tomra Systems is related to or competes with National Beverage, LPKF Laser, Associated British, Ebro Foods, STMicroelectronics, and Sligro Food. Tomra Systems is entity of United Kingdom More
Tomra Systems 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 Tomra Systems' 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 Tomra Systems ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.88 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 3.34 |
Tomra Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tomra Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tomra Systems' standard deviation. In reality, there are many statistical measures that can use Tomra Systems historical prices to predict the future Tomra Systems' volatility.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0142 |
Tomra Systems ASA Backtested Returns
Tomra Systems ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0071, which indicates the firm had a -0.0071% return per unit of risk over the last 3 months. Tomra Systems ASA exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tomra Systems' Semi Deviation of 2.12, coefficient of variation of 12934.04, and Risk Adjusted Performance of 0.0128 to confirm the risk estimate we provide. The entity has a beta of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tomra Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Tomra Systems is expected to be smaller as well. At this point, Tomra Systems ASA has a negative expected return of -0.0183%. Please make sure to validate Tomra Systems' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Tomra Systems ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Tomra Systems ASA has modest reverse predictability. Overlapping area represents the amount of predictability between Tomra Systems time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Tomra Systems ASA price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Tomra Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 45.25 |
Tomra Systems ASA lagged returns against current returns
Autocorrelation, which is Tomra Systems 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 Tomra Systems' stock expected returns. We can calculate the autocorrelation of Tomra Systems returns to help us make a trade decision. For example, suppose you find that Tomra Systems 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 |
Tomra Systems 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 Tomra Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tomra Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tomra Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Tomra Systems Lagged Returns
When evaluating Tomra Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tomra Systems stock have on its future price. Tomra Systems 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, Tomra Systems autocorrelation shows the relationship between Tomra Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Tomra Systems ASA.
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 Tomra Stock Analysis
When running Tomra Systems' price analysis, check to measure Tomra Systems' 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 Tomra Systems is operating at the current time. Most of Tomra Systems' value examination focuses on studying past and present price action to predict the probability of Tomra Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tomra Systems' price. Additionally, you may evaluate how the addition of Tomra Systems to your portfolios can decrease your overall portfolio volatility.