Telenor ASA (Norway) Market Value
| TEL Stock | NOK 132.10 1.50 1.15% |
| Symbol | Telenor |
Telenor ASA '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 Telenor ASA'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 Telenor ASA.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Telenor ASA on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Telenor ASA or generate 0.0% return on investment in Telenor ASA over 390 days. Telenor ASA is related to or competes with Orkla ASA, DnB ASA, Yara International, Storebrand ASA, and Gjensidige Forsikring. Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide More
Telenor ASA 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 Telenor ASA'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 Telenor ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.967 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.85 |
Telenor ASA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telenor ASA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telenor ASA's standard deviation. In reality, there are many statistical measures that can use Telenor ASA historical prices to predict the future Telenor ASA's volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.1159 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.37) |
Telenor ASA Backtested Returns
As of now, Telenor Stock is very steady. Telenor ASA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0865, which indicates the firm had a 0.0865% return per unit of risk over the last 3 months. We have found thirty technical indicators for Telenor ASA, which you can use to evaluate the volatility of the company. Please validate Telenor ASA's Semi Deviation of 0.8242, risk adjusted performance of 0.0696, and Coefficient Of Variation of 1155.79 to confirm if the risk estimate we provide is consistent with the expected return of 0.0976%. Telenor ASA has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Telenor ASA are expected to decrease at a much lower rate. During the bear market, Telenor ASA is likely to outperform the market. Telenor ASA right now has a risk of 1.13%. Please validate Telenor ASA sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Telenor ASA will be following its existing price patterns.
Auto-correlation | 0.38 |
Below average predictability
Telenor ASA has below average predictability. Overlapping area represents the amount of predictability between Telenor ASA time series from 30th of October 2023 to 12th of May 2024 and 12th of May 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 Telenor ASA price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Telenor ASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 30.95 |
Telenor ASA lagged returns against current returns
Autocorrelation, which is Telenor ASA 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 Telenor ASA's stock expected returns. We can calculate the autocorrelation of Telenor ASA returns to help us make a trade decision. For example, suppose you find that Telenor ASA 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 |
Telenor ASA 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 Telenor ASA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telenor ASA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telenor ASA stock over time.
Current vs Lagged Prices |
| Timeline |
Telenor ASA Lagged Returns
When evaluating Telenor ASA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telenor ASA stock have on its future price. Telenor ASA 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, Telenor ASA autocorrelation shows the relationship between Telenor ASA stock current value and its past values and can show if there is a momentum factor associated with investing in Telenor ASA.
Regressed Prices |
| Timeline |
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Telenor ASA financial ratios help investors to determine whether Telenor 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 Telenor with respect to the benefits of owning Telenor ASA security.