TOHOKU EL (Germany) Market Value
| TKT Stock | EUR 7.35 0.10 1.34% |
| Symbol | TOHOKU |
TOHOKU EL '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 EL'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 TOHOKU EL.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in TOHOKU EL on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding TOHOKU EL PWR or generate 0.0% return on investment in TOHOKU EL over 30 days. TOHOKU EL is related to or competes with FLOW TRADERS, CARSALESCOM, Canon Marketing, Salesforce, Motorcar Parts, Carsales, and Trade Desk. Tohoku Electric Power Company, Incorporated, an energy service conglomerate, generates, transmits, and distributes elect... More
TOHOKU EL 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 EL'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 TOHOKU EL PWR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 18.72 | |||
| Value At Risk | (4.43) | |||
| Potential Upside | 4.65 |
TOHOKU EL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOHOKU EL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOHOKU EL's standard deviation. In reality, there are many statistical measures that can use TOHOKU EL historical prices to predict the future TOHOKU EL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | 0.7644 |
TOHOKU EL PWR Backtested Returns
TOHOKU EL PWR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0654, which indicates the firm had a -0.0654% return per unit of volatility over the last 3 months. TOHOKU EL PWR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOHOKU EL's risk adjusted performance of (0.04), and Variance of 9.01 to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TOHOKU EL are expected to decrease at a much lower rate. During the bear market, TOHOKU EL is likely to outperform the market. At this point, TOHOKU EL PWR has a negative expected return of -0.2%. Please make sure to validate TOHOKU EL's total risk alpha, skewness, day median price, as well as the relationship between the maximum drawdown and daily balance of power , to decide if TOHOKU EL PWR performance from the past will be repeated at future time.
Auto-correlation | 0.31 |
Below average predictability
TOHOKU EL PWR has below average predictability. Overlapping area represents the amount of predictability between TOHOKU EL time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 TOHOKU EL PWR price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current TOHOKU EL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
TOHOKU EL PWR lagged returns against current returns
Autocorrelation, which is TOHOKU EL 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 TOHOKU EL's stock expected returns. We can calculate the autocorrelation of TOHOKU EL returns to help us make a trade decision. For example, suppose you find that TOHOKU EL 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 |
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TOHOKU EL 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 EL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOHOKU EL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOHOKU EL stock over time.
Current vs Lagged Prices |
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TOHOKU EL Lagged Returns
When evaluating TOHOKU EL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOHOKU EL stock have on its future price. TOHOKU EL 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 EL autocorrelation shows the relationship between TOHOKU EL stock current value and its past values and can show if there is a momentum factor associated with investing in TOHOKU EL PWR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TOHOKU Stock
TOHOKU EL financial ratios help investors to determine whether TOHOKU 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 TOHOKU with respect to the benefits of owning TOHOKU EL security.