Cellnex Telecom Sa Stock Market Value
| CLNXF Stock | USD 34.89 1.36 4.06% |
| Symbol | Cellnex |
Cellnex Telecom '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 Cellnex Telecom's pink sheet 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 Cellnex Telecom.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Cellnex Telecom on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Cellnex Telecom SA or generate 0.0% return on investment in Cellnex Telecom over 720 days. Cellnex Telecom is related to or competes with CBRE Group, Cushman Wakefield, Newmark, Colliers International, Marcus Millichap, Opendoor Technologies, and EXp World. Cellnex Telecom, S.A. operates infrastructure for wireless telecommunication in Austria, Denmark, Spain, France, Ireland... More
Cellnex Telecom 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 Cellnex Telecom's pink sheet 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 Cellnex Telecom SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 1.17 |
Cellnex Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cellnex Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cellnex Telecom's standard deviation. In reality, there are many statistical measures that can use Cellnex Telecom historical prices to predict the future Cellnex Telecom's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 4.98 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cellnex Telecom's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cellnex Telecom SA Backtested Returns
Cellnex Telecom SA secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Cellnex Telecom SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cellnex Telecom's Standard Deviation of 1.34, mean deviation of 0.6597, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0236, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cellnex Telecom are expected to decrease at a much lower rate. During the bear market, Cellnex Telecom is likely to outperform the market. At this point, Cellnex Telecom SA has a negative expected return of -0.2%. Please make sure to confirm Cellnex Telecom's maximum drawdown, as well as the relationship between the rate of daily change and relative strength index , to decide if Cellnex Telecom SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Cellnex Telecom SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Cellnex Telecom time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Cellnex Telecom SA price movement. The serial correlation of -0.02 indicates that only 2.0% of current Cellnex Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 5.35 |
Cellnex Telecom SA lagged returns against current returns
Autocorrelation, which is Cellnex Telecom pink sheet'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 Cellnex Telecom's pink sheet expected returns. We can calculate the autocorrelation of Cellnex Telecom returns to help us make a trade decision. For example, suppose you find that Cellnex Telecom has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cellnex Telecom 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 Cellnex Telecom pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cellnex Telecom pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cellnex Telecom pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cellnex Telecom Lagged Returns
When evaluating Cellnex Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cellnex Telecom pink sheet have on its future price. Cellnex Telecom 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, Cellnex Telecom autocorrelation shows the relationship between Cellnex Telecom pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cellnex Telecom SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cellnex Pink Sheet
Cellnex Telecom financial ratios help investors to determine whether Cellnex Pink Sheet 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 Cellnex with respect to the benefits of owning Cellnex Telecom security.