TELLUSGRUPPEN's market value is the price at which a share of TELLUSGRUPPEN trades on a public exchange. It measures the collective expectations of TELLUSGRUPPEN AB investors about its performance. TELLUSGRUPPEN is trading at 0.58 as of the 1st of December 2024. This is a 7.41 percent increase since the beginning of the trading day. The stock's lowest day price was 0.58. With this module, you can estimate the performance of a buy and hold strategy of TELLUSGRUPPEN AB and determine expected loss or profit from investing in TELLUSGRUPPEN over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
TELLUSGRUPPEN
TELLUSGRUPPEN '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 TELLUSGRUPPEN'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 TELLUSGRUPPEN.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in TELLUSGRUPPEN on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding TELLUSGRUPPEN AB or generate 0.0% return on investment in TELLUSGRUPPEN over 30 days.
TELLUSGRUPPEN 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 TELLUSGRUPPEN'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 TELLUSGRUPPEN AB upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TELLUSGRUPPEN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TELLUSGRUPPEN's standard deviation. In reality, there are many statistical measures that can use TELLUSGRUPPEN historical prices to predict the future TELLUSGRUPPEN's volatility.
At this point, TELLUSGRUPPEN is abnormally volatile. TELLUSGRUPPEN AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0237, which indicates the firm had a 0.0237% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for TELLUSGRUPPEN AB, which you can use to evaluate the volatility of the company. Please validate TELLUSGRUPPEN's risk adjusted performance of 0.0256, and Coefficient Of Variation of 4246.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0756%. TELLUSGRUPPEN has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TELLUSGRUPPEN's returns are expected to increase less than the market. However, during the bear market, the loss of holding TELLUSGRUPPEN is expected to be smaller as well. TELLUSGRUPPEN AB currently has a risk of 3.19%. Please validate TELLUSGRUPPEN downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if TELLUSGRUPPEN will be following its existing price patterns.
Auto-correlation
-0.11
Insignificant reverse predictability
TELLUSGRUPPEN AB has insignificant reverse predictability. Overlapping area represents the amount of predictability between TELLUSGRUPPEN 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 TELLUSGRUPPEN AB price movement. The serial correlation of -0.11 indicates that less than 11.0% of current TELLUSGRUPPEN price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.11
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
0.0
TELLUSGRUPPEN AB lagged returns against current returns
Autocorrelation, which is TELLUSGRUPPEN 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 TELLUSGRUPPEN's stock expected returns. We can calculate the autocorrelation of TELLUSGRUPPEN returns to help us make a trade decision. For example, suppose you find that TELLUSGRUPPEN 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
TELLUSGRUPPEN 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 TELLUSGRUPPEN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TELLUSGRUPPEN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TELLUSGRUPPEN stock over time.
Current vs Lagged Prices
Timeline
TELLUSGRUPPEN Lagged Returns
When evaluating TELLUSGRUPPEN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TELLUSGRUPPEN stock have on its future price. TELLUSGRUPPEN 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, TELLUSGRUPPEN autocorrelation shows the relationship between TELLUSGRUPPEN stock current value and its past values and can show if there is a momentum factor associated with investing in TELLUSGRUPPEN AB.