Tokyo Electric Power Stock Market Value
| TKECY Stock | USD 3.59 0.04 1.13% |
| Symbol | Tokyo |
Tokyo 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 Tokyo 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 Tokyo Electric.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Tokyo Electric on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Tokyo Electric Power or generate 0.0% return on investment in Tokyo Electric over 690 days. Tokyo Electric is related to or competes with Verbund AG, Brookfield Renewable, Nextera Energy, Algonquin Power, Clearway Energy, and Atlantica Sustainable. Tokyo Electric Power Company Holdings, Incorporated generates, transmits, distributes, and retails electric power in Jap... More
Tokyo 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 Tokyo 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 Tokyo Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 60.44 | |||
| Value At Risk | (19.13) | |||
| Potential Upside | 11.94 |
Tokyo Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tokyo Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tokyo Electric's standard deviation. In reality, there are many statistical measures that can use Tokyo Electric historical prices to predict the future Tokyo Electric's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (2.04) | |||
| Treynor Ratio | (0.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tokyo 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.
Tokyo Electric Power Backtested Returns
Tokyo Electric Power owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0662, which indicates the firm had a -0.0662% return per unit of risk over the last 3 months. Tokyo Electric Power exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tokyo Electric's Coefficient Of Variation of (1,521), risk adjusted performance of (0.04), and Variance of 84.03 to confirm the risk estimate we provide. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tokyo Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tokyo Electric is expected to be smaller as well. At this point, Tokyo Electric Power has a negative expected return of -0.62%. Please make sure to validate Tokyo Electric's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Tokyo Electric Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Tokyo Electric Power has poor reverse predictability. Overlapping area represents the amount of predictability between Tokyo Electric time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Tokyo Electric Power price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Tokyo Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Tokyo Electric Power lagged returns against current returns
Autocorrelation, which is Tokyo 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 Tokyo Electric's pink sheet expected returns. We can calculate the autocorrelation of Tokyo Electric returns to help us make a trade decision. For example, suppose you find that Tokyo 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 |
Tokyo 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 Tokyo Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tokyo 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 Tokyo Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tokyo Electric Lagged Returns
When evaluating Tokyo Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tokyo Electric pink sheet have on its future price. Tokyo 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, Tokyo Electric autocorrelation shows the relationship between Tokyo Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tokyo Electric Power.
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 Tokyo Pink Sheet Analysis
When running Tokyo Electric's 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 the 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.