Toray Industries Stock Market Value
| TRYIF Stock | USD 5.60 0.00 0.00% |
| Symbol | Toray |
Toray Industries '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 Toray Industries' 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 Toray Industries.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Toray Industries on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Toray Industries or generate 0.0% return on investment in Toray Industries over 360 days. Toray Industries is related to or competes with Unifi, Albany International, Sumitomo Electric, Sekisui House, Tokyo Electron, and Astra International. Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performa... More
Toray Industries 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 Toray Industries' 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 Toray Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 3.7 | |||
| Potential Upside | 1.14 |
Toray Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toray Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toray Industries' standard deviation. In reality, there are many statistical measures that can use Toray Industries historical prices to predict the future Toray Industries' volatility.| Risk Adjusted Performance | 0.1427 | |||
| Jensen Alpha | 0.1117 | |||
| Total Risk Alpha | 0.0268 | |||
| Treynor Ratio | (2.30) |
Toray Industries Backtested Returns
At this point, Toray Industries is not too volatile. Toray Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Toray Industries, which you can use to evaluate the volatility of the company. Please validate Toray Industries' Risk Adjusted Performance of 0.1427, coefficient of variation of 525.55, and Variance of 0.3787 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Toray Industries has a performance score of 15 on a scale of 0 to 100. The entity has a beta of -0.0466, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Toray Industries are expected to decrease at a much lower rate. During the bear market, Toray Industries is likely to outperform the market. Toray Industries right now has a risk of 0.63%. Please validate Toray Industries standard deviation, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Toray Industries will be following its existing price patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Toray Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Toray Industries time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Toray Industries price movement. The serial correlation of -0.01 indicates that just 1.0% of current Toray Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Toray Industries lagged returns against current returns
Autocorrelation, which is Toray Industries 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 Toray Industries' pink sheet expected returns. We can calculate the autocorrelation of Toray Industries returns to help us make a trade decision. For example, suppose you find that Toray Industries 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 |
Toray Industries 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 Toray Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toray Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toray Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Toray Industries Lagged Returns
When evaluating Toray Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toray Industries pink sheet have on its future price. Toray Industries 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, Toray Industries autocorrelation shows the relationship between Toray Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Toray Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Toray Pink Sheet
Toray Industries financial ratios help investors to determine whether Toray 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 Toray with respect to the benefits of owning Toray Industries security.