Teleste Oyj (Finland) Market Value
| TLT1V Stock | EUR 2.47 0.08 3.35% |
| Symbol | Teleste |
Teleste Oyj '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 Teleste Oyj'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 Teleste Oyj.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Teleste Oyj on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Teleste Oyj or generate 0.0% return on investment in Teleste Oyj over 30 days. Teleste Oyj is related to or competes with Kemira Oyj, Atria Oyj, Bittium Oyj, Raisio Oyj, and Digia Oyj. Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally More
Teleste Oyj 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 Teleste Oyj'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 Teleste Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.05 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 3.11 |
Teleste Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teleste Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teleste Oyj's standard deviation. In reality, there are many statistical measures that can use Teleste Oyj historical prices to predict the future Teleste Oyj's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teleste Oyj'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.
Teleste Oyj Backtested Returns
Teleste Oyj owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0147, which indicates the firm had a -0.0147% return per unit of risk over the last 3 months. Teleste Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Teleste Oyj's Risk Adjusted Performance of (0.01), coefficient of variation of (4,241), and Variance of 4.13 to confirm the risk estimate we provide. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Teleste Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teleste Oyj is expected to be smaller as well. At this point, Teleste Oyj has a negative expected return of -0.0302%. Please make sure to validate Teleste Oyj's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Teleste Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Teleste Oyj has good reverse predictability. Overlapping area represents the amount of predictability between Teleste Oyj 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 Teleste Oyj price movement. The serial correlation of -0.52 indicates that about 52.0% of current Teleste Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Teleste Oyj lagged returns against current returns
Autocorrelation, which is Teleste Oyj 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 Teleste Oyj's stock expected returns. We can calculate the autocorrelation of Teleste Oyj returns to help us make a trade decision. For example, suppose you find that Teleste Oyj 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 |
Teleste Oyj 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 Teleste Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teleste Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teleste Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Teleste Oyj Lagged Returns
When evaluating Teleste Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teleste Oyj stock have on its future price. Teleste Oyj 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, Teleste Oyj autocorrelation shows the relationship between Teleste Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Teleste Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Teleste Stock
Teleste Oyj financial ratios help investors to determine whether Teleste 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 Teleste with respect to the benefits of owning Teleste Oyj security.