Tohoku Electric Power Stock Market Value
| TEPCY Stock | USD 7.78 1.16 12.98% |
| Symbol | Tohoku |
Tohoku Electric '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 Tohoku Electric's pink sheet 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 Tohoku Electric.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tohoku Electric on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tohoku Electric Power or generate 0.0% return on investment in Tohoku Electric over 30 days. Tohoku Electric is related to or competes with Sun Country, Cedar Realty, Artisan Partners, Citizens Bancorp, Alvarium Tiedemann, Allegiant Travel, and PennantPark Floating. Tohoku Electric Power Company, Incorporated, an energy service conglomerate in Japan and internationally More
Tohoku Electric 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 Tohoku Electric's pink sheet 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 Tohoku Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.2 |
Tohoku Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tohoku Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tohoku Electric's standard deviation. In reality, there are many statistical measures that can use Tohoku Electric historical prices to predict the future Tohoku Electric's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.683 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tohoku Electric's 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.
Tohoku Electric Power Backtested Returns
Tohoku Electric Power owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Tohoku Electric Power exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tohoku Electric's Variance of 2.55, coefficient of variation of (827.03), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tohoku Electric are expected to decrease at a much lower rate. During the bear market, Tohoku Electric is likely to outperform the market. At this point, Tohoku Electric Power has a negative expected return of -0.2%. Please make sure to validate Tohoku Electric's variance and daily balance of power , to decide if Tohoku Electric Power performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Tohoku Electric Power has no correlation between past and present. Overlapping area represents the amount of predictability between Tohoku Electric time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tohoku Electric Power price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tohoku Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Tohoku Electric Power lagged returns against current returns
Autocorrelation, which is Tohoku Electric pink sheet'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 Tohoku Electric's pink sheet expected returns. We can calculate the autocorrelation of Tohoku Electric returns to help us make a trade decision. For example, suppose you find that Tohoku Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tohoku Electric 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 Tohoku Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tohoku Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tohoku Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tohoku Electric Lagged Returns
When evaluating Tohoku Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tohoku Electric pink sheet have on its future price. Tohoku Electric 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, Tohoku Electric autocorrelation shows the relationship between Tohoku Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tohoku Electric Power.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Tohoku Pink Sheet Analysis
When running Tohoku Electric's price analysis, check to measure Tohoku 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 Tohoku Electric is operating at the current time. Most of Tohoku Electric's value examination focuses on studying past and present price action to predict the probability of Tohoku Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tohoku Electric's price. Additionally, you may evaluate how the addition of Tohoku Electric to your portfolios can decrease your overall portfolio volatility.