TELUS P 37 Market Value
| 87971MBF9 | 93.61 3.46 3.56% |
| Symbol | TELUS |
TELUS '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 TELUS'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 TELUS.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in TELUS on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding TELUS P 37 or generate 0.0% return on investment in TELUS over 30 days. TELUS is related to or competes with Boyd Gaming, Sweetgreen, Dennys Corp, Bt Brands, Lion One, Agnico Eagle, and Ryman Hospitality. More
TELUS 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 TELUS'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 TELUS P 37 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.6999 |
TELUS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TELUS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TELUS's standard deviation. In reality, there are many statistical measures that can use TELUS historical prices to predict the future TELUS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 1.13 |
TELUS P 37 Backtested Returns
TELUS P 37 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the bond had a -0.14% return per unit of standard deviation over the last 3 months. TELUS P 37 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TELUS's risk adjusted performance of (0.03), and Variance of 0.4119 to confirm the risk estimate we provide. The entity has a beta of -0.0303, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TELUS are expected to decrease at a much lower rate. During the bear market, TELUS is likely to outperform the market.
Auto-correlation | -0.33 |
Poor reverse predictability
TELUS P 37 has poor reverse predictability. Overlapping area represents the amount of predictability between TELUS time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 TELUS P 37 price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current TELUS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
TELUS P 37 lagged returns against current returns
Autocorrelation, which is TELUS 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 TELUS's bond expected returns. We can calculate the autocorrelation of TELUS returns to help us make a trade decision. For example, suppose you find that TELUS 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 |
TELUS 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 TELUS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TELUS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TELUS bond over time.
Current vs Lagged Prices |
| Timeline |
TELUS Lagged Returns
When evaluating TELUS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TELUS bond have on its future price. TELUS 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, TELUS autocorrelation shows the relationship between TELUS bond current value and its past values and can show if there is a momentum factor associated with investing in TELUS P 37.
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 TELUS Bond
TELUS financial ratios help investors to determine whether TELUS 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 TELUS with respect to the benefits of owning TELUS security.