Ribbon Communications (Germany) Market Value
| NU42 Stock | EUR 3.72 0.02 0.54% |
| Symbol | Ribbon |
Ribbon Communications '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 Ribbon Communications' 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 Ribbon Communications.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ribbon Communications on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ribbon Communications or generate 0.0% return on investment in Ribbon Communications over 30 days. Ribbon Communications is related to or competes with T Mobile, ATT, and Deutsche Telekom. Ribbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, Jap... More
Ribbon Communications 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 Ribbon Communications' 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 Ribbon Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.0869 | |||
| Maximum Drawdown | 10.99 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 5.3 |
Ribbon Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ribbon Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ribbon Communications' standard deviation. In reality, there are many statistical measures that can use Ribbon Communications historical prices to predict the future Ribbon Communications' volatility.| Risk Adjusted Performance | 0.1096 | |||
| Jensen Alpha | 0.219 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | 0.302 |
Ribbon Communications Backtested Returns
Ribbon Communications appears to be moderately volatile, given 3 months investment horizon. Ribbon Communications maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ribbon Communications, which you can use to evaluate the volatility of the company. Please evaluate Ribbon Communications' Coefficient Of Variation of 749.15, risk adjusted performance of 0.1096, and Semi Deviation of 1.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ribbon Communications holds a performance score of 10. The company holds a Beta of 1.21, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ribbon Communications will likely underperform. Please check Ribbon Communications' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ribbon Communications' historical price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Ribbon Communications has very weak reverse predictability. Overlapping area represents the amount of predictability between Ribbon Communications 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 Ribbon Communications price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Ribbon Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Ribbon Communications lagged returns against current returns
Autocorrelation, which is Ribbon Communications 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 Ribbon Communications' stock expected returns. We can calculate the autocorrelation of Ribbon Communications returns to help us make a trade decision. For example, suppose you find that Ribbon Communications 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 |
Ribbon Communications 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 Ribbon Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ribbon Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ribbon Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Ribbon Communications Lagged Returns
When evaluating Ribbon Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ribbon Communications stock have on its future price. Ribbon Communications 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, Ribbon Communications autocorrelation shows the relationship between Ribbon Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Ribbon Communications.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Ribbon Stock
When determining whether Ribbon Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ribbon Communications' 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 Ribbon Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ribbon Communications Stock:Check out Ribbon Communications Correlation, Ribbon Communications Volatility and Ribbon Communications Alpha and Beta module to complement your research on Ribbon Communications. For more detail on how to invest in Ribbon Stock please use our How to Invest in Ribbon Communications guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Ribbon Communications 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.