Millicom Operating Cycle from 2010 to 2026
| TIGO Stock | USD 62.05 1.22 2.01% |
Operating Cycle | First Reported 2010-12-31 | Previous Quarter 36.61 | Current Value 30.66 | Quarterly Volatility 7.41626638 |
Check Millicom International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Millicom International's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.5 B, Selling General Administrative of 551.4 M or Total Revenue of 7 B, as well as many indicators such as Price To Sales Ratio of 0.81, Dividend Yield of 0.0228 or PTB Ratio of 1.29. Millicom financial statements analysis is a perfect complement when working with Millicom International Valuation or Volatility modules.
Millicom | Operating Cycle | Build AI portfolio with Millicom Stock |
Latest Millicom International's Operating Cycle Growth Pattern
Below is the plot of the Operating Cycle of Millicom International Cellular over the last few years. It is Millicom International's Operating Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Millicom International's overall financial position and show how it may be relating to other accounts over time.
| Operating Cycle | 10 Years Trend |
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Operating Cycle |
| Timeline |
Millicom Operating Cycle Regression Statistics
| Arithmetic Mean | 41.90 | |
| Geometric Mean | 41.33 | |
| Coefficient Of Variation | 17.70 | |
| Mean Deviation | 5.35 | |
| Median | 41.41 | |
| Standard Deviation | 7.42 | |
| Sample Variance | 55.00 | |
| Range | 31.6086 | |
| R-Value | (0.49) | |
| Mean Square Error | 44.81 | |
| R-Squared | 0.24 | |
| Significance | 0.05 | |
| Slope | (0.71) | |
| Total Sum of Squares | 880.02 |
Millicom Operating Cycle History
About Millicom International Financial Statements
Millicom International investors utilize fundamental indicators, such as Operating Cycle, to predict how Millicom Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Cycle | 36.61 | 30.66 |
Pair Trading with Millicom International
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 Millicom International 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 Millicom International will appreciate offsetting losses from the drop in the long position's value.Moving against Millicom Stock
The ability to find closely correlated positions to Millicom International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millicom International 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 Millicom International - 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 Millicom International Cellular to buy it.
The correlation of Millicom International 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 Millicom International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millicom International 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 Millicom International 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.Check out the analysis of Millicom International Correlation against competitors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Will Wireless Telecommunication Services sector continue expanding? Could Millicom diversify its offerings? Factors like these will boost the valuation of Millicom International. If investors know Millicom will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Millicom International data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 2.897 | Dividend Share 3.75 | Earnings Share 6.52 | Revenue Per Share | Quarterly Revenue Growth (0.01) |
Investors evaluate Millicom International using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Millicom International's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Millicom International's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Millicom International's market price signifies the transaction level at which participants voluntarily complete trades.