Toromont Industries (Germany) Market Value
| 14T Stock | EUR 72.00 1.00 1.41% |
| Symbol | Toromont |
Toromont 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 Toromont Industries' 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 Toromont Industries.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Toromont Industries on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Toromont Industries or generate 0.0% return on investment in Toromont Industries over 30 days. Toromont Industries is related to or competes with Kaiser Aluminum, Clean Energy, PennyMac Mortgage, Apollo Investment, New Residential, ADRIATIC METALS, and SLR Investment. Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally More
Toromont 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 Toromont Industries' 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 Toromont Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.17 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.86 |
Toromont Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Toromont Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Toromont Industries' standard deviation. In reality, there are many statistical measures that can use Toromont Industries historical prices to predict the future Toromont Industries' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.25) |
Toromont Industries Backtested Returns
Toromont Industries owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0715, which indicates the firm had a -0.0715% return per unit of risk over the last 3 months. Toromont Industries exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Toromont Industries' Risk Adjusted Performance of (0.05), coefficient of variation of (1,399), and Variance of 3.46 to confirm the risk estimate we provide. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Toromont Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Toromont Industries is expected to be smaller as well. At this point, Toromont Industries has a negative expected return of -0.13%. Please make sure to validate Toromont Industries' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Toromont Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Toromont Industries has average predictability. Overlapping area represents the amount of predictability between Toromont Industries time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Toromont Industries price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Toromont Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 4.61 |
Toromont Industries lagged returns against current returns
Autocorrelation, which is Toromont Industries 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 Toromont Industries' stock expected returns. We can calculate the autocorrelation of Toromont Industries returns to help us make a trade decision. For example, suppose you find that Toromont Industries 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 |
Toromont 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 Toromont Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Toromont Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Toromont Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Toromont Industries Lagged Returns
When evaluating Toromont Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Toromont Industries stock have on its future price. Toromont 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, Toromont Industries autocorrelation shows the relationship between Toromont Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Toromont Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Toromont Stock
Toromont Industries financial ratios help investors to determine whether Toromont 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 Toromont with respect to the benefits of owning Toromont Industries security.