TomTom NV (Netherlands) Market Value
| TOM2 Stock | EUR 5.28 0.06 1.15% |
| Symbol | TomTom |
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 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 TomTom NV.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in TomTom NV on November 2, 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 SBM Offshore, Koninklijke BAM, Fugro NV, Koninklijke KPN, and Randstad. 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 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 TomTom NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.12 |
TomTom NV Market Risk Indicators
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.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | 0.0205 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.3765 |
TomTom NV Backtested Returns
Currently, TomTom NV is slightly risky. TomTom NV owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0405, which indicates the firm had a 0.0405% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TomTom NV, which you can use to evaluate the volatility of the company. Please validate TomTom NV's Coefficient Of Variation of 5371.12, risk adjusted performance of 0.0208, and Semi Deviation of 1.98 to confirm if the risk estimate we provide is consistent with the expected return of 0.0891%. TomTom NV has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.0823, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TomTom NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding TomTom NV is expected to be smaller as well. TomTom NV right now has a risk of 2.2%. Please validate TomTom NV sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if TomTom NV will be following its existing price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
TomTom NV has virtually no predictability. Overlapping area represents the amount of predictability between TomTom NV time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 TomTom NV price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current TomTom NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TomTom NV lagged returns against current returns
Autocorrelation, which is TomTom NV 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 TomTom NV's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TomTom NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TomTom NV stock over time.
Current vs Lagged Prices |
| Timeline |
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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in TomTom NV.
Regressed Prices |
| Timeline |
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Additional Tools for TomTom Stock Analysis
When running TomTom NV's price analysis, check to measure TomTom NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TomTom NV is operating at the current time. Most of TomTom NV's value examination focuses on studying past and present price action to predict the probability of TomTom NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TomTom NV's price. Additionally, you may evaluate how the addition of TomTom NV to your portfolios can decrease your overall portfolio volatility.