Telefonaktiebolaget (Sweden) Market Value
| ERIC-B Stock | SEK 89.16 1.20 1.36% |
| Symbol | Telefonaktiebolaget |
Telefonaktiebolaget '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 Telefonaktiebolaget'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 Telefonaktiebolaget.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Telefonaktiebolaget on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Telefonaktiebolaget LM Ericsson or generate 0.0% return on investment in Telefonaktiebolaget over 270 days. Telefonaktiebolaget is related to or competes with New Wave, Cantargia, Enea AB, Proact IT, and Mycronic Publ. Telefonaktiebolaget LM Ericsson , together with its subsidiaries, provides communication infrastructure, services, and s... More
Telefonaktiebolaget 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 Telefonaktiebolaget'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 Telefonaktiebolaget LM Ericsson upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9394 | |||
| Information Ratio | 0.1078 | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.54 |
Telefonaktiebolaget Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telefonaktiebolaget's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telefonaktiebolaget's standard deviation. In reality, there are many statistical measures that can use Telefonaktiebolaget historical prices to predict the future Telefonaktiebolaget's volatility.| Risk Adjusted Performance | 0.1523 | |||
| Jensen Alpha | 0.2867 | |||
| Total Risk Alpha | 0.0435 | |||
| Sortino Ratio | 0.1782 | |||
| Treynor Ratio | 23.24 |
Telefonaktiebolaget Backtested Returns
Telefonaktiebolaget appears to be very steady, given 3 months investment horizon. Telefonaktiebolaget owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Telefonaktiebolaget LM Ericsson, which you can use to evaluate the volatility of the company. Please review Telefonaktiebolaget's Coefficient Of Variation of 521.05, risk adjusted performance of 0.1523, and Semi Deviation of 0.5387 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Telefonaktiebolaget holds a performance score of 14. The entity has a beta of 0.0124, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Telefonaktiebolaget's returns are expected to increase less than the market. However, during the bear market, the loss of holding Telefonaktiebolaget is expected to be smaller as well. Please check Telefonaktiebolaget's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Telefonaktiebolaget's existing price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Telefonaktiebolaget LM Ericsson has very good predictability. Overlapping area represents the amount of predictability between Telefonaktiebolaget time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Telefonaktiebolaget price movement. The serial correlation of 0.82 indicates that around 82.0% of current Telefonaktiebolaget price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 54.66 |
Telefonaktiebolaget lagged returns against current returns
Autocorrelation, which is Telefonaktiebolaget 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 Telefonaktiebolaget's stock expected returns. We can calculate the autocorrelation of Telefonaktiebolaget returns to help us make a trade decision. For example, suppose you find that Telefonaktiebolaget 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 |
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Telefonaktiebolaget 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 Telefonaktiebolaget stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telefonaktiebolaget stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telefonaktiebolaget stock over time.
Current vs Lagged Prices |
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Telefonaktiebolaget Lagged Returns
When evaluating Telefonaktiebolaget's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telefonaktiebolaget stock have on its future price. Telefonaktiebolaget 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, Telefonaktiebolaget autocorrelation shows the relationship between Telefonaktiebolaget stock current value and its past values and can show if there is a momentum factor associated with investing in Telefonaktiebolaget LM Ericsson.
Regressed Prices |
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Thematic Opportunities
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Additional Information and Resources on Investing in Telefonaktiebolaget Stock
When determining whether Telefonaktiebolaget offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Telefonaktiebolaget's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Telefonaktiebolaget Lm Ericsson Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Telefonaktiebolaget Lm Ericsson Stock:Check out Telefonaktiebolaget Correlation, Telefonaktiebolaget Volatility and Telefonaktiebolaget Alpha and Beta module to complement your research on Telefonaktiebolaget. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Telefonaktiebolaget technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.