Telecomunicaes Brasileiras (Brazil) Market Value
| TELB3 Stock | BRL 12.89 0.47 3.52% |
| Symbol | Telecomunicaes |
Telecomunicaes Brasileiras '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 Telecomunicaes Brasileiras' 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 Telecomunicaes Brasileiras.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Telecomunicaes Brasileiras on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Telecomunicaes Brasileiras SA or generate 0.0% return on investment in Telecomunicaes Brasileiras over 180 days. Telecomunicaes Brasileiras is related to or competes with T Mobile, Verizon Communications, ATT, Telefnica, and Cable One. Telecomunicaes Brasileiras S.A. - TELEBRS engages in the communication business in Brazil More
Telecomunicaes Brasileiras 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 Telecomunicaes Brasileiras' 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 Telecomunicaes Brasileiras SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.42 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 4.87 |
Telecomunicaes Brasileiras Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telecomunicaes Brasileiras' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telecomunicaes Brasileiras' standard deviation. In reality, there are many statistical measures that can use Telecomunicaes Brasileiras historical prices to predict the future Telecomunicaes Brasileiras' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.36) |
Telecomunicaes Brasileiras Backtested Returns
Telecomunicaes Brasileiras owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0247, which indicates the firm had a -0.0247% return per unit of risk over the last 3 months. Telecomunicaes Brasileiras SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Telecomunicaes Brasileiras' Variance of 5.84, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,785) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Telecomunicaes Brasileiras' returns are expected to increase less than the market. However, during the bear market, the loss of holding Telecomunicaes Brasileiras is expected to be smaller as well. At this point, Telecomunicaes Brasileiras has a negative expected return of -0.0617%. Please make sure to validate Telecomunicaes Brasileiras' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Telecomunicaes Brasileiras performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Telecomunicaes Brasileiras SA has very good reverse predictability. Overlapping area represents the amount of predictability between Telecomunicaes Brasileiras time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Telecomunicaes Brasileiras price movement. The serial correlation of -0.67 indicates that around 67.0% of current Telecomunicaes Brasileiras price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Telecomunicaes Brasileiras lagged returns against current returns
Autocorrelation, which is Telecomunicaes Brasileiras 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 Telecomunicaes Brasileiras' stock expected returns. We can calculate the autocorrelation of Telecomunicaes Brasileiras returns to help us make a trade decision. For example, suppose you find that Telecomunicaes Brasileiras 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 |
Telecomunicaes Brasileiras 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 Telecomunicaes Brasileiras stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telecomunicaes Brasileiras stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telecomunicaes Brasileiras stock over time.
Current vs Lagged Prices |
| Timeline |
Telecomunicaes Brasileiras Lagged Returns
When evaluating Telecomunicaes Brasileiras' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telecomunicaes Brasileiras stock have on its future price. Telecomunicaes Brasileiras 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, Telecomunicaes Brasileiras autocorrelation shows the relationship between Telecomunicaes Brasileiras stock current value and its past values and can show if there is a momentum factor associated with investing in Telecomunicaes Brasileiras SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Telecomunicaes Stock Analysis
When running Telecomunicaes Brasileiras' price analysis, check to measure Telecomunicaes Brasileiras' 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 Telecomunicaes Brasileiras is operating at the current time. Most of Telecomunicaes Brasileiras' value examination focuses on studying past and present price action to predict the probability of Telecomunicaes Brasileiras' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telecomunicaes Brasileiras' price. Additionally, you may evaluate how the addition of Telecomunicaes Brasileiras to your portfolios can decrease your overall portfolio volatility.