Tods Spa Stock Market Value
| TODGF Stock | USD 37.65 0.00 0.00% |
| Symbol | TODS |
TODS SpA '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 TODS SpA'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 TODS SpA.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in TODS SpA on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding TODS SpA or generate 0.0% return on investment in TODS SpA over 720 days. TODS SpA is related to or competes with LGI Homes, Pintec Technology, MI Homes, Commonwealth Bank, Smith Douglas, Western Union, and Siriuspoint. TODS S.p.A., together with its subsidiaries, creates, produces, and distributes shoes, leather goods and accessories, an... More
TODS SpA 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 TODS SpA'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 TODS SpA upside and downside potential and time the market with a certain degree of confidence.
TODS SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TODS SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TODS SpA's standard deviation. In reality, there are many statistical measures that can use TODS SpA historical prices to predict the future TODS SpA's volatility.TODS SpA Backtested Returns
We have found three technical indicators for TODS SpA, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and TODS SpA are completely uncorrelated.
Auto-correlation | 0.09 |
Virtually no predictability
TODS SpA has virtually no predictability. Overlapping area represents the amount of predictability between TODS SpA time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 TODS SpA price movement. The serial correlation of 0.09 indicates that less than 9.0% of current TODS SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
TODS SpA lagged returns against current returns
Autocorrelation, which is TODS SpA 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 TODS SpA's pink sheet expected returns. We can calculate the autocorrelation of TODS SpA returns to help us make a trade decision. For example, suppose you find that TODS SpA 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 |
TODS SpA 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 TODS SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TODS SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TODS SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TODS SpA Lagged Returns
When evaluating TODS SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TODS SpA pink sheet have on its future price. TODS SpA 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, TODS SpA autocorrelation shows the relationship between TODS SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TODS SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TODS Pink Sheet
TODS SpA financial ratios help investors to determine whether TODS 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 TODS with respect to the benefits of owning TODS SpA security.