Millicom International (Sweden) Market Value
| TIGO-SDB | SEK 292.00 2.20 0.76% |
| Symbol | Millicom |
Millicom International '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 Millicom International'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 Millicom International.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Millicom International on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Millicom International Cellular or generate 0.0% return on investment in Millicom International over 30 days. Millicom International is related to or competes with Lidds AB, Serstech, Transtema Group, Enorama Pharma, and Xbrane Biopharma. Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa More
Millicom International 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 Millicom International'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 Millicom International Cellular upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.0016 | |||
| Maximum Drawdown | 6.48 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 2.1 |
Millicom International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millicom International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millicom International's standard deviation. In reality, there are many statistical measures that can use Millicom International historical prices to predict the future Millicom International's volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.0863 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0016 | |||
| Treynor Ratio | 0.4077 |
Millicom International Backtested Returns
At this point, Millicom International is very steady. Millicom International has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Millicom International, which you can use to evaluate the volatility of the firm. Please verify Millicom International's Mean Deviation of 0.9384, risk adjusted performance of 0.0871, and Downside Deviation of 1.17 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Millicom International has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Millicom International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Millicom International is expected to be smaller as well. Millicom International right now secures a risk of 1.23%. Please verify Millicom International Cellular sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Millicom International Cellular will be following its current price movements.
Auto-correlation | 0.28 |
Poor predictability
Millicom International Cellular has poor predictability. Overlapping area represents the amount of predictability between Millicom International 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 Millicom International price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Millicom International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 17.28 |
Millicom International lagged returns against current returns
Autocorrelation, which is Millicom International 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 Millicom International's stock expected returns. We can calculate the autocorrelation of Millicom International returns to help us make a trade decision. For example, suppose you find that Millicom International 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 |
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Millicom International 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 Millicom International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millicom International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millicom International stock over time.
Current vs Lagged Prices |
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Millicom International Lagged Returns
When evaluating Millicom International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millicom International stock have on its future price. Millicom International 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, Millicom International autocorrelation shows the relationship between Millicom International stock current value and its past values and can show if there is a momentum factor associated with investing in Millicom International Cellular.
Regressed Prices |
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Thematic Opportunities
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Additional Information and Resources on Investing in Millicom Stock
When determining whether Millicom International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millicom International's 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 Millicom International Cellular Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millicom International Cellular Stock:Check out Millicom International Correlation, Millicom International Volatility and Millicom International Alpha and Beta module to complement your research on Millicom International. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Millicom International 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.