TomTom NV's market value is the price at which a share of TomTom NV trades on a public exchange. It measures the collective expectations of TomTom NV investors about its performance. TomTom NV is trading at 5.85 as of the 4th of December 2024. This is a 5.41 percent up since the beginning of the trading day. The stock's lowest day price was 5.85. With this module, you can estimate the performance of a buy and hold strategy of TomTom NV and determine expected loss or profit from investing in TomTom NV over a given investment horizon. Check out TomTom NV Correlation, TomTom NV Volatility and TomTom NV Alpha and Beta module to complement your research on TomTom NV.
Please note, there is a significant difference between TomTom NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if TomTom NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TomTom NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TomTom NV '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 TomTom NV'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 TomTom NV.
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If you would invest 0.00 in TomTom NV on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding TomTom NV or generate 0.0% return on investment in TomTom NV over 30 days. TomTom NV is related to or competes with Aspen Technology, Bentley Systems, Tyler Technologies, Blackbaud, SSC Technologies, SimilarWeb, and Semrush Holdings. TomTom N.V. develops and sells navigation and location-based products and services worldwide More
TomTom NV 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 TomTom NV'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 TomTom NV upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TomTom NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TomTom NV's standard deviation. In reality, there are many statistical measures that can use TomTom NV historical prices to predict the future TomTom NV's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TomTom NV. Your research has to be compared to or analyzed against TomTom NV's peers to derive any actionable benefits. When done correctly, TomTom NV's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in TomTom NV.
TomTom NV Backtested Returns
At this point, TomTom NV is somewhat reliable. TomTom NV owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty technical indicators for TomTom NV, which you can use to evaluate the volatility of the company. Please validate TomTom NV's Risk Adjusted Performance of 0.0811, variance of 3.32, and Coefficient Of Variation of 1013.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. TomTom NV has a performance score of 7 on a scale of 0 to 100. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TomTom NV are expected to decrease at a much lower rate. During the bear market, TomTom NV is likely to outperform the market. TomTom NV right now has a risk of 1.85%. Please validate TomTom NV skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if TomTom NV will be following its existing price patterns.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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TomTom NV lagged returns against current returns
Autocorrelation, which is TomTom NV 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 TomTom NV's pink sheet expected returns. We can calculate the autocorrelation of TomTom NV returns to help us make a trade decision. For example, suppose you find that TomTom NV 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
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TomTom NV 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 TomTom NV pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TomTom NV pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TomTom NV pink sheet over time.
Current vs Lagged Prices
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TomTom NV Lagged Returns
When evaluating TomTom NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TomTom NV pink sheet have on its future price. TomTom NV 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, TomTom NV autocorrelation shows the relationship between TomTom NV pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TomTom NV.
Other Information on Investing in TomTom Pink Sheet
TomTom NV financial ratios help investors to determine whether TomTom Pink Sheet 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 TomTom with respect to the benefits of owning TomTom NV security.