TELE2 B (Germany) Market Value
| NCYD Stock | EUR 9.85 0.07 0.72% |
| Symbol | TELE2 |
TELE2 B '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 B'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 B.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in TELE2 B on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding TELE2 B or generate 0.0% return on investment in TELE2 B over 30 days. TELE2 B is related to or competes with UNITED RENTALS, Air Lease, AIR PRODCHEMICALS, REINET INVESTMENTS, AOYAMA TRADING, and PennyMac Mortgage. More
TELE2 B 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 B'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 B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 54.82 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.62 |
TELE2 B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TELE2 B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TELE2 B's standard deviation. In reality, there are many statistical measures that can use TELE2 B historical prices to predict the future TELE2 B's volatility.| Risk Adjusted Performance | 0.0883 | |||
| Jensen Alpha | 0.6439 | |||
| Total Risk Alpha | 0.1836 | |||
| Sortino Ratio | 0.4955 | |||
| Treynor Ratio | 0.7515 |
TELE2 B Backtested Returns
TELE2 B appears to be relatively risky, given 3 months investment horizon. TELE2 B owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of standard deviation over the last 3 months. By examining TELE2 B's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please review TELE2 B's standard deviation of 6.45, and Risk Adjusted Performance of 0.0883 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TELE2 B holds a performance score of 8. The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. TELE2 B returns are very sensitive to returns on the market. As the market goes up or down, TELE2 B is expected to follow. Please check TELE2 B's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether TELE2 B's existing price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
TELE2 B has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TELE2 B time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 TELE2 B price movement. The serial correlation of -0.71 indicates that around 71.0% of current TELE2 B price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
TELE2 B lagged returns against current returns
Autocorrelation, which is TELE2 B 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 B's stock expected returns. We can calculate the autocorrelation of TELE2 B returns to help us make a trade decision. For example, suppose you find that TELE2 B 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 B 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 B stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TELE2 B stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TELE2 B stock over time.
Current vs Lagged Prices |
| Timeline |
TELE2 B Lagged Returns
When evaluating TELE2 B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TELE2 B stock have on its future price. TELE2 B 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 B autocorrelation shows the relationship between TELE2 B stock current value and its past values and can show if there is a momentum factor associated with investing in TELE2 B .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TELE2 Stock Analysis
When running TELE2 B's price analysis, check to measure TELE2 B'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 TELE2 B is operating at the current time. Most of TELE2 B's value examination focuses on studying past and present price action to predict the probability of TELE2 B's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TELE2 B's price. Additionally, you may evaluate how the addition of TELE2 B to your portfolios can decrease your overall portfolio volatility.