Tower One (Germany) Market Value
1P3N Stock | 0.03 0.00 0.00% |
Symbol | Tower |
Tower One '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 Tower One's 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 Tower One.
10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Tower One on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tower One Wireless or generate 0.0% return on investment in Tower One over 30 days. Tower One is related to or competes with TEXAS ROADHOUSE, Consolidated Communications, Texas Roadhouse, Charter Communications, Broadcom, Transport International, and Cogent Communications. More
Tower One 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 Tower One's 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 Tower One Wireless upside and downside potential and time the market with a certain degree of confidence.
Tower One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tower One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tower One's standard deviation. In reality, there are many statistical measures that can use Tower One historical prices to predict the future Tower One's volatility.Tower One Wireless Backtested Returns
We have found three technical indicators for Tower One Wireless, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Tower One are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Tower One Wireless has no correlation between past and present. Overlapping area represents the amount of predictability between Tower One 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 Tower One Wireless price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tower One price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Tower One Wireless lagged returns against current returns
Autocorrelation, which is Tower One 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 Tower One's stock expected returns. We can calculate the autocorrelation of Tower One returns to help us make a trade decision. For example, suppose you find that Tower One 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 |
Tower One 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 Tower One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tower One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tower One stock over time.
Current vs Lagged Prices |
Timeline |
Tower One Lagged Returns
When evaluating Tower One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tower One stock have on its future price. Tower One 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, Tower One autocorrelation shows the relationship between Tower One stock current value and its past values and can show if there is a momentum factor associated with investing in Tower One Wireless.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Tower Stock Analysis
When running Tower One's price analysis, check to measure Tower One'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 Tower One is operating at the current time. Most of Tower One's value examination focuses on studying past and present price action to predict the probability of Tower One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower One's price. Additionally, you may evaluate how the addition of Tower One to your portfolios can decrease your overall portfolio volatility.