Tanaka CoLtd (Germany) Market Value
| TDJ Stock | EUR 4.10 0.02 0.49% |
| Symbol | Tanaka |
Tanaka CoLtd '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 Tanaka CoLtd's 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 Tanaka CoLtd.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tanaka CoLtd on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tanaka CoLtd or generate 0.0% return on investment in Tanaka CoLtd over 180 days. Tanaka CoLtd is related to or competes with Bumrungrad Hospital, Sabra Health, NISSAN CHEMICAL, KINGBOARD CHEMICAL, Bausch Health, China BlueChemical, and SEKISUI CHEMICAL. ,Ltd. engages in the wholesale of electrical materials and appliances in Japan More
Tanaka CoLtd 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 Tanaka CoLtd's 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 Tanaka CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.39 |
Tanaka CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tanaka CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tanaka CoLtd's standard deviation. In reality, there are many statistical measures that can use Tanaka CoLtd historical prices to predict the future Tanaka CoLtd's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.11) |
Tanaka CoLtd Backtested Returns
Tanaka CoLtd owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.012, which indicates the firm had a -0.012% return per unit of risk over the last 3 months. Tanaka CoLtd exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tanaka CoLtd's Variance of 3.21, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,834) to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tanaka CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tanaka CoLtd is expected to be smaller as well. At this point, Tanaka CoLtd has a negative expected return of -0.0211%. Please make sure to validate Tanaka CoLtd's treynor ratio, daily balance of power, price action indicator, as well as the relationship between the skewness and day median price , to decide if Tanaka CoLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Tanaka CoLtd has modest predictability. Overlapping area represents the amount of predictability between Tanaka CoLtd time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Tanaka CoLtd price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Tanaka CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Tanaka CoLtd lagged returns against current returns
Autocorrelation, which is Tanaka CoLtd 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 Tanaka CoLtd's stock expected returns. We can calculate the autocorrelation of Tanaka CoLtd returns to help us make a trade decision. For example, suppose you find that Tanaka CoLtd 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 |
Tanaka CoLtd 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 Tanaka CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tanaka CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tanaka CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Tanaka CoLtd Lagged Returns
When evaluating Tanaka CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tanaka CoLtd stock have on its future price. Tanaka CoLtd 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, Tanaka CoLtd autocorrelation shows the relationship between Tanaka CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Tanaka CoLtd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tanaka Stock
Tanaka CoLtd financial ratios help investors to determine whether Tanaka Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tanaka with respect to the benefits of owning Tanaka CoLtd security.