Toshiba Tec (Germany) Market Value
| TECA Stock | EUR 22.40 0.20 0.88% |
| Symbol | Toshiba |
Toshiba Tec '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 Toshiba Tec'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 Toshiba Tec.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Toshiba Tec on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Toshiba Tec or generate 0.0% return on investment in Toshiba Tec over 30 days. Toshiba Tec is related to or competes with Vastned Retail, Carsales, CANON MARKETING, SALESFORCE INC, Evolution Mining, AUTO TRADER, and CarsalesCom. Toshiba Tec Corporation, together with its subsidiaries, develops, manufactures, sells, and maintains retail and printin... More
Toshiba Tec 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 Toshiba Tec'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 Toshiba Tec upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.8 |
Toshiba Tec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toshiba Tec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toshiba Tec's standard deviation. In reality, there are many statistical measures that can use Toshiba Tec historical prices to predict the future Toshiba Tec's volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.9694 |
Toshiba Tec Backtested Returns
At this point, Toshiba Tec is very steady. Toshiba Tec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0529, which indicates the firm had a 0.0529% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Toshiba Tec, which you can use to evaluate the volatility of the company. Please validate Toshiba Tec's Semi Deviation of 1.2, coefficient of variation of 1888.57, and Risk Adjusted Performance of 0.0455 to confirm if the risk estimate we provide is consistent with the expected return of 0.0806%. Toshiba Tec has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.0728, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toshiba Tec's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toshiba Tec is expected to be smaller as well. Toshiba Tec right now has a risk of 1.52%. Please validate Toshiba Tec value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Toshiba Tec will be following its existing price patterns.
Auto-correlation | 0.77 |
Good predictability
Toshiba Tec has good predictability. Overlapping area represents the amount of predictability between Toshiba Tec time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Toshiba Tec price movement. The serial correlation of 0.77 indicates that around 77.0% of current Toshiba Tec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Toshiba Tec lagged returns against current returns
Autocorrelation, which is Toshiba Tec 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 Toshiba Tec's stock expected returns. We can calculate the autocorrelation of Toshiba Tec returns to help us make a trade decision. For example, suppose you find that Toshiba Tec 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 |
Toshiba Tec 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 Toshiba Tec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toshiba Tec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toshiba Tec stock over time.
Current vs Lagged Prices |
| Timeline |
Toshiba Tec Lagged Returns
When evaluating Toshiba Tec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toshiba Tec stock have on its future price. Toshiba Tec 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, Toshiba Tec autocorrelation shows the relationship between Toshiba Tec stock current value and its past values and can show if there is a momentum factor associated with investing in Toshiba Tec.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Toshiba Stock
Toshiba Tec financial ratios help investors to determine whether Toshiba 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 Toshiba with respect to the benefits of owning Toshiba Tec security.