Telstra Limited Stock Market Value
| TTRAF Stock | USD 2.38 0.00 0.00% |
| Symbol | TelstraLimited |
TelstraLimited '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 TelstraLimited's pink sheet 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 TelstraLimited.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in TelstraLimited on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Telstra Limited or generate 0.0% return on investment in TelstraLimited over 30 days. TelstraLimited is related to or competes with KDDI Corp, ATT, FingerMotion, KORE Group, and IDT. Telstra Corporation Limited provides telecommunications and information services to businesses, governments, and individ... More
TelstraLimited 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 TelstraLimited's pink sheet 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 Telstra Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.25 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 5.95 |
TelstraLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TelstraLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TelstraLimited's standard deviation. In reality, there are many statistical measures that can use TelstraLimited historical prices to predict the future TelstraLimited's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.0964 |
Telstra Limited Backtested Returns
Telstra Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.014, which indicates the firm had a -0.014% return per unit of risk over the last 3 months. Telstra Limited exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TelstraLimited's Variance of 7.75, coefficient of variation of (4,608), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TelstraLimited are expected to decrease at a much lower rate. During the bear market, TelstraLimited is likely to outperform the market. At this point, Telstra Limited has a negative expected return of -0.0398%. Please make sure to validate TelstraLimited's information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Telstra Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Telstra Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between TelstraLimited time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Telstra Limited price movement. The serial correlation of -0.19 indicates that over 19.0% of current TelstraLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Telstra Limited lagged returns against current returns
Autocorrelation, which is TelstraLimited pink sheet'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 TelstraLimited's pink sheet expected returns. We can calculate the autocorrelation of TelstraLimited returns to help us make a trade decision. For example, suppose you find that TelstraLimited has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
TelstraLimited 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 TelstraLimited pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TelstraLimited pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TelstraLimited pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TelstraLimited Lagged Returns
When evaluating TelstraLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TelstraLimited pink sheet have on its future price. TelstraLimited 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, TelstraLimited autocorrelation shows the relationship between TelstraLimited pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Telstra Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TelstraLimited Pink Sheet
TelstraLimited financial ratios help investors to determine whether TelstraLimited Pink Sheet 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 TelstraLimited with respect to the benefits of owning TelstraLimited security.