TOBA Investments (Denmark) Market Value
| TOIBO Stock | 102.95 0.05 0.05% |
| Symbol | TOBA |
TOBA Investments '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 TOBA Investments' 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 TOBA Investments.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in TOBA Investments on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding TOBA Investments Bonds or generate 0.0% return on investment in TOBA Investments over 90 days.
TOBA Investments 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 TOBA Investments' 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 TOBA Investments Bonds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2424 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.54 |
TOBA Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOBA Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOBA Investments' standard deviation. In reality, there are many statistical measures that can use TOBA Investments historical prices to predict the future TOBA Investments' volatility.| Risk Adjusted Performance | 0.0849 | |||
| Jensen Alpha | 0.0245 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | (3.82) |
TOBA Investments Bonds Backtested Returns
At this point, TOBA Investments is very steady. TOBA Investments Bonds retains Efficiency (Sharpe Ratio) of 0.23, which indicates the firm had a 0.23 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TOBA Investments, which you can use to evaluate the volatility of the company. Please validate TOBA Investments' risk adjusted performance of 0.0849, and Downside Deviation of 0.2424 to confirm if the risk estimate we provide is consistent with the expected return of 0.0571%. TOBA Investments has a performance score of 17 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.0062, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TOBA Investments are expected to decrease at a much lower rate. During the bear market, TOBA Investments is likely to outperform the market. TOBA Investments Bonds currently owns a risk of 0.25%. Please validate TOBA Investments Bonds value at risk, and the relationship between the jensen alpha and skewness , to decide if TOBA Investments Bonds will be following its current price history.
Auto-correlation | 0.76 |
Good predictability
TOBA Investments Bonds has good predictability. Overlapping area represents the amount of predictability between TOBA Investments time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TOBA Investments Bonds price movement. The serial correlation of 0.76 indicates that around 76.0% of current TOBA Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
TOBA Investments Bonds lagged returns against current returns
Autocorrelation, which is TOBA Investments 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 TOBA Investments' stock expected returns. We can calculate the autocorrelation of TOBA Investments returns to help us make a trade decision. For example, suppose you find that TOBA Investments 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 |
TOBA Investments 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 TOBA Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOBA Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOBA Investments stock over time.
Current vs Lagged Prices |
| Timeline |
TOBA Investments Lagged Returns
When evaluating TOBA Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOBA Investments stock have on its future price. TOBA Investments 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, TOBA Investments autocorrelation shows the relationship between TOBA Investments stock current value and its past values and can show if there is a momentum factor associated with investing in TOBA Investments Bonds.
Regressed Prices |
| Timeline |
Pair Trading with TOBA Investments
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 TOBA Investments 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 TOBA Investments will appreciate offsetting losses from the drop in the long position's value.Moving against TOBA Stock
| 0.44 | CARL-B | Carlsberg AS | PairCorr |
| 0.42 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.38 | NDA-DK | Nordea Bank Abp | PairCorr |
| 0.34 | DSV | DSV Panalpina AS | PairCorr |
| 0.31 | GMAB | Genmab AS | PairCorr |
The ability to find closely correlated positions to TOBA Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOBA Investments 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 TOBA Investments - 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 TOBA Investments Bonds to buy it.
The correlation of TOBA Investments 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 TOBA Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TOBA Investments Bonds 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 TOBA Investments 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.