TELEFONICA EMISIONES S Market Value
| 87938WAT0 | 95.89 2.56 2.60% |
| Symbol | TELEFONICA |
TELEFONICA '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 TELEFONICA's bond 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 TELEFONICA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in TELEFONICA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TELEFONICA EMISIONES S or generate 0.0% return on investment in TELEFONICA over 30 days. TELEFONICA is related to or competes with 00108WAF7, 90331HPL1, Destiny Tech100, Snowflake, Charles Schwab, Granite Construction, and P10. More
TELEFONICA 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 TELEFONICA's bond 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 TELEFONICA EMISIONES S upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.3452 |
TELEFONICA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TELEFONICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TELEFONICA's standard deviation. In reality, there are many statistical measures that can use TELEFONICA historical prices to predict the future TELEFONICA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.3385 |
TELEFONICA EMISIONES Backtested Returns
TELEFONICA EMISIONES owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0284, which indicates the bond had a -0.0284% return per unit of standard deviation over the last 3 months. TELEFONICA EMISIONES S exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TELEFONICA's risk adjusted performance of (0.03), and Variance of 0.8451 to confirm the risk estimate we provide. The entity has a beta of -0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TELEFONICA are expected to decrease at a much lower rate. During the bear market, TELEFONICA is likely to outperform the market.
Auto-correlation | -0.03 |
Very weak reverse predictability
TELEFONICA EMISIONES S has very weak reverse predictability. Overlapping area represents the amount of predictability between TELEFONICA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 TELEFONICA EMISIONES price movement. The serial correlation of -0.03 indicates that only 3.0% of current TELEFONICA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
TELEFONICA EMISIONES lagged returns against current returns
Autocorrelation, which is TELEFONICA bond'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 TELEFONICA's bond expected returns. We can calculate the autocorrelation of TELEFONICA returns to help us make a trade decision. For example, suppose you find that TELEFONICA has exhibited high autocorrelation historically, and you observe that the bond 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 |
TELEFONICA 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 TELEFONICA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TELEFONICA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TELEFONICA bond over time.
Current vs Lagged Prices |
| Timeline |
TELEFONICA Lagged Returns
When evaluating TELEFONICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TELEFONICA bond have on its future price. TELEFONICA 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, TELEFONICA autocorrelation shows the relationship between TELEFONICA bond current value and its past values and can show if there is a momentum factor associated with investing in TELEFONICA EMISIONES S.
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 TELEFONICA Bond
TELEFONICA financial ratios help investors to determine whether TELEFONICA Bond 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 TELEFONICA with respect to the benefits of owning TELEFONICA security.