TELE2 AB (Germany) Market Value
| NCY Stock | EUR 4.82 0.04 0.84% |
| Symbol | TELE2 |
TELE2 AB '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 TELE2 AB'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 TELE2 AB.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TELE2 AB on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TELE2 AB UNSPADR12 or generate 0.0% return on investment in TELE2 AB over 30 days. TELE2 AB is related to or competes with T Mobile, ATT, and Deutsche Telekom. Tele2 AB , a telecom operator, provides telecommunication services for residential and business customers More
TELE2 AB 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 TELE2 AB'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 TELE2 AB UNSPADR12 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.76 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.16 |
TELE2 AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TELE2 AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TELE2 AB's standard deviation. In reality, there are many statistical measures that can use TELE2 AB historical prices to predict the future TELE2 AB's volatility.| Risk Adjusted Performance | 0.038 | |||
| Jensen Alpha | 0.0898 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.37) |
TELE2 AB UNSPADR12 Backtested Returns
At this point, TELE2 AB is somewhat reliable. TELE2 AB UNSPADR12 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0248, which indicates the firm had a 0.0248% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for TELE2 AB UNSPADR12, which you can use to evaluate the volatility of the company. Please validate TELE2 AB's risk adjusted performance of 0.038, and Coefficient Of Variation of 2378.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.046%. TELE2 AB has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TELE2 AB are expected to decrease at a much lower rate. During the bear market, TELE2 AB is likely to outperform the market. TELE2 AB UNSPADR12 currently has a risk of 1.86%. Please validate TELE2 AB jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to decide if TELE2 AB will be following its existing price patterns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
TELE2 AB UNSPADR12 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TELE2 AB time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 TELE2 AB UNSPADR12 price movement. The serial correlation of -0.78 indicates that around 78.0% of current TELE2 AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TELE2 AB UNSPADR12 lagged returns against current returns
Autocorrelation, which is TELE2 AB 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 TELE2 AB's stock expected returns. We can calculate the autocorrelation of TELE2 AB returns to help us make a trade decision. For example, suppose you find that TELE2 AB 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 |
TELE2 AB 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 TELE2 AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TELE2 AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TELE2 AB stock over time.
Current vs Lagged Prices |
| Timeline |
TELE2 AB Lagged Returns
When evaluating TELE2 AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TELE2 AB stock have on its future price. TELE2 AB 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, TELE2 AB autocorrelation shows the relationship between TELE2 AB stock current value and its past values and can show if there is a momentum factor associated with investing in TELE2 AB UNSPADR12.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TELE2 Stock
TELE2 AB financial ratios help investors to determine whether TELE2 Stock 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 TELE2 with respect to the benefits of owning TELE2 AB security.