Tonnerone World Holdings Stock Market Value
| TONR Stock | USD 0.0002 0.0001 33.33% |
| Symbol | TonnerOne |
TonnerOne World '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 TonnerOne World'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 TonnerOne World.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in TonnerOne World on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TonnerOne World Holdings or generate 0.0% return on investment in TonnerOne World over 30 days. TonnerOne World is related to or competes with Taoping, Global Blue, Bridgeline Digital, Skkynet Cloud, Zenvia, and BYND Cannasoft. Tonner-One World Holdings, Inc., through its wholly owned subsidiary, The One World Doll Project, Inc., designs, manufac... More
TonnerOne World 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 TonnerOne World'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 TonnerOne World Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 36.0 | |||
| Information Ratio | 0.0844 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
TonnerOne World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TonnerOne World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TonnerOne World's standard deviation. In reality, there are many statistical measures that can use TonnerOne World historical prices to predict the future TonnerOne World's volatility.| Risk Adjusted Performance | 0.0783 | |||
| Jensen Alpha | 2.13 | |||
| Total Risk Alpha | (0.80) | |||
| Sortino Ratio | 0.0461 | |||
| Treynor Ratio | (0.47) |
TonnerOne World Holdings Backtested Returns
TonnerOne World is out of control given 3 months investment horizon. TonnerOne World Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0549, which indicates the firm had a 0.0549% return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.04% are justified by taking the suggested risk. Use TonnerOne World Holdings Coefficient Of Variation of 1111.04, semi deviation of 11.5, and Risk Adjusted Performance of 0.0783 to evaluate company specific risk that cannot be diversified away. TonnerOne World holds a performance score of 4 on a scale of zero to a hundred. The entity has a beta of -3.78, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning TonnerOne World are expected to decrease by larger amounts. On the other hand, during market turmoil, TonnerOne World is expected to outperform it. Use TonnerOne World Holdings potential upside, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on TonnerOne World Holdings.
Auto-correlation | -0.17 |
Insignificant reverse predictability
TonnerOne World Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between TonnerOne World time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 TonnerOne World Holdings price movement. The serial correlation of -0.17 indicates that over 17.0% of current TonnerOne World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TonnerOne World Holdings lagged returns against current returns
Autocorrelation, which is TonnerOne World 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 TonnerOne World's pink sheet expected returns. We can calculate the autocorrelation of TonnerOne World returns to help us make a trade decision. For example, suppose you find that TonnerOne World 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 |
TonnerOne World 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 TonnerOne World pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TonnerOne World pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TonnerOne World pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TonnerOne World Lagged Returns
When evaluating TonnerOne World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TonnerOne World pink sheet have on its future price. TonnerOne World 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, TonnerOne World autocorrelation shows the relationship between TonnerOne World pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TonnerOne World Holdings.
Regressed Prices |
| Timeline |
Pair Trading with TonnerOne World
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TonnerOne World position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TonnerOne World will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TonnerOne World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TonnerOne World when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TonnerOne World - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TonnerOne World Holdings to buy it.
The correlation of TonnerOne World is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TonnerOne World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TonnerOne World Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TonnerOne World can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for TonnerOne Pink Sheet Analysis
When running TonnerOne World's price analysis, check to measure TonnerOne World'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 TonnerOne World is operating at the current time. Most of TonnerOne World's value examination focuses on studying past and present price action to predict the probability of TonnerOne World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TonnerOne World's price. Additionally, you may evaluate how the addition of TonnerOne World to your portfolios can decrease your overall portfolio volatility.