Millicom International Cellular Stock Market Value
| TIGO Stock | USD 26.60 0.20 0.76% |
| Symbol | Millicom |
Millicom International Price To Book Ratio
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Millicom International. If investors know Millicom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Millicom International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 29.194 | Earnings Share 0.92 | Revenue Per Share 34.128 | Quarterly Revenue Growth 0.005 | Return On Assets 0.0499 |
The market value of Millicom International is measured differently than its book value, which is the value of Millicom that is recorded on the company's balance sheet. Investors also form their own opinion of Millicom International's value that differs from its market value or its book value, called intrinsic value, which is Millicom International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Millicom International's market value can be influenced by many factors that don't directly affect Millicom International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millicom International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Millicom International on October 26, 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 KT, Telkom Indonesia, SK Telecom, PLDT, Telefonica Brasil, TIM Participacoes, and Liberty Broadband. 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 | 1.48 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.11 |
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 | 0.0245 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0833 |
Millicom International Backtested Returns
Millicom International has Sharpe Ratio of -0.0058, which conveys that the firm had a -0.0058% return per unit of risk over the last 3 months. Millicom International exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Millicom International's Mean Deviation of 1.09, risk adjusted performance of 0.0245, and Downside Deviation of 1.48 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.31, 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. At this point, Millicom International has a negative expected return of -0.0077%. Please make sure to verify Millicom International's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Millicom International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Millicom International Cellular has below average predictability. Overlapping area represents the amount of predictability between Millicom International time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 0.35 indicates that nearly 35.0% of current Millicom International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| Timeline |
Pair Trading with Millicom International
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 Millicom International 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 Millicom International will appreciate offsetting losses from the drop in the long position's value.Moving against Millicom Stock
The ability to find closely correlated positions to Millicom International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millicom International 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 Millicom International - 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 Millicom International Cellular to buy it.
The correlation of Millicom International 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 Millicom International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millicom International 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 Millicom International 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 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.