Tomra Systems (Norway) Market Value
| TOM Stock | NOK 160.50 3.80 2.43% |
| Symbol | Tomra |
Tomra Systems '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 Tomra Systems' 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 Tomra Systems.
| 03/01/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tomra Systems on March 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tomra Systems ASA or generate 0.0% return on investment in Tomra Systems over 270 days. Tomra Systems is related to or competes with Eidesvik Offshore, Kitron ASA, Havila Shipping, Elkem ASA, Vow ASA, North Energy, and Arcticzymes Technologies. Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide More
Tomra Systems 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 Tomra Systems' 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 Tomra Systems ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 3.25 |
Tomra Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tomra Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tomra Systems' standard deviation. In reality, there are many statistical measures that can use Tomra Systems historical prices to predict the future Tomra Systems' volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0359 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.20) |
Tomra Systems ASA Backtested Returns
As of now, Tomra Stock is very steady. Tomra Systems ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0147, which indicates the firm had a 0.0147% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tomra Systems ASA, which you can use to evaluate the volatility of the company. Please validate Tomra Systems' Semi Deviation of 2.28, coefficient of variation of 7472.56, and Risk Adjusted Performance of 0.0171 to confirm if the risk estimate we provide is consistent with the expected return of 0.0358%. Tomra Systems has a performance score of 1 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, returns on owning Tomra Systems are expected to decrease at a much lower rate. During the bear market, Tomra Systems is likely to outperform the market. Tomra Systems ASA right now has a risk of 2.44%. Please validate Tomra Systems semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Tomra Systems will be following its existing price patterns.
Auto-correlation | 0.56 |
Modest predictability
Tomra Systems ASA has modest predictability. Overlapping area represents the amount of predictability between Tomra Systems time series from 1st of March 2024 to 14th of July 2024 and 14th of July 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 Tomra Systems ASA price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Tomra Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 57.01 |
Tomra Systems ASA lagged returns against current returns
Autocorrelation, which is Tomra Systems 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 Tomra Systems' stock expected returns. We can calculate the autocorrelation of Tomra Systems returns to help us make a trade decision. For example, suppose you find that Tomra Systems 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 |
Tomra Systems 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 Tomra Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tomra Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tomra Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Tomra Systems Lagged Returns
When evaluating Tomra Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tomra Systems stock have on its future price. Tomra Systems 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, Tomra Systems autocorrelation shows the relationship between Tomra Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Tomra Systems ASA.
Regressed Prices |
| Timeline |
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Tomra Systems financial ratios help investors to determine whether Tomra 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 Tomra with respect to the benefits of owning Tomra Systems security.