Toho (Germany) Market Value
| TOH Stock | EUR 37.40 0.40 1.08% |
| Symbol | Toho |
Toho '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 Toho'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 Toho.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Toho on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Toho Co or generate 0.0% return on investment in Toho over 30 days. Toho is related to or competes with Amkor Technology, Vishay Intertechnology, Calibre Mining, MACOM Technology, MCEWEN MINING, and Perseus Mining. Toho Co., Ltd. engages in the motion picture, theatrical production, and real estate management businesses in Japan More
Toho 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 Toho'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 Toho Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0188 | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.23 |
Toho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toho's standard deviation. In reality, there are many statistical measures that can use Toho historical prices to predict the future Toho's volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 0.1298 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | 1.31 |
Toho Backtested Returns
At this point, Toho is very steady. Toho owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Toho Co, which you can use to evaluate the volatility of the company. Please validate Toho's Semi Deviation of 0.8116, coefficient of variation of 768.98, and Risk Adjusted Performance of 0.1032 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Toho has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Toho's returns are expected to increase less than the market. However, during the bear market, the loss of holding Toho is expected to be smaller as well. Toho right now has a risk of 1.18%. Please validate Toho jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if Toho will be following its existing price patterns.
Auto-correlation | 0.54 |
Modest predictability
Toho Co has modest predictability. Overlapping area represents the amount of predictability between Toho time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 Toho price movement. The serial correlation of 0.54 indicates that about 54.0% of current Toho price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Toho lagged returns against current returns
Autocorrelation, which is Toho 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 Toho's stock expected returns. We can calculate the autocorrelation of Toho returns to help us make a trade decision. For example, suppose you find that Toho 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 |
| Timeline |
Toho 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 Toho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toho stock over time.
Current vs Lagged Prices |
| Timeline |
Toho Lagged Returns
When evaluating Toho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toho stock have on its future price. Toho 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, Toho autocorrelation shows the relationship between Toho stock current value and its past values and can show if there is a momentum factor associated with investing in Toho Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Toho Stock
Toho financial ratios help investors to determine whether Toho 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 Toho with respect to the benefits of owning Toho security.