Telus Corp Stock Market Value
| T Stock | CAD 21.38 0.29 1.34% |
| Symbol | Telus |
Telus Corp Price To Book Ratio
Telus Corp '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 Telus Corp'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 Telus Corp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Telus Corp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Telus Corp or generate 0.0% return on investment in Telus Corp over 30 days. Telus Corp is related to or competes with BCE, Fortis, Enbridge, Toronto Dominion, and Bank of Nova Scotia. TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology pro... More
Telus Corp 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 Telus Corp'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 Telus Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8292 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.91 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 2.01 |
Telus Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telus Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telus Corp's standard deviation. In reality, there are many statistical measures that can use Telus Corp historical prices to predict the future Telus Corp's volatility.| Risk Adjusted Performance | 0.0121 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Telus Corp'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.
Telus Corp Backtested Returns
Telus Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0089, which indicates the firm had a -0.0089% return per unit of risk over the last 3 months. Telus Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Telus Corp's Risk Adjusted Performance of 0.0121, coefficient of variation of 7873.0, and Semi Deviation of 0.7989 to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Telus Corp are expected to decrease at a much lower rate. During the bear market, Telus Corp is likely to outperform the market. At this point, Telus Corp has a negative expected return of -0.009%. Please make sure to validate Telus Corp's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Telus Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Telus Corp has weak predictability. Overlapping area represents the amount of predictability between Telus Corp time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Telus Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Telus Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Telus Corp lagged returns against current returns
Autocorrelation, which is Telus Corp 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 Telus Corp's stock expected returns. We can calculate the autocorrelation of Telus Corp returns to help us make a trade decision. For example, suppose you find that Telus Corp 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 |
Telus Corp 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 Telus Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telus Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telus Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Telus Corp Lagged Returns
When evaluating Telus Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telus Corp stock have on its future price. Telus Corp 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, Telus Corp autocorrelation shows the relationship between Telus Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Telus Corp.
Regressed Prices |
| Timeline |
Pair Trading with Telus Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Telus Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Telus Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Telus Stock
The ability to find closely correlated positions to Telus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telus Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telus Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telus Corp to buy it.
The correlation of Telus Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telus Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Telus Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Telus Corp Correlation, Telus Corp Volatility and Telus Corp Alpha and Beta module to complement your research on Telus Corp. To learn how to invest in Telus Stock, please use our How to Invest in Telus Corp guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Telus Corp 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.