Millicom International Cellular Stock Alpha and Beta Analysis
| TIGO Stock | USD 26.29 0.19 0.73% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Millicom International Cellular. It also helps investors analyze the systematic and unsystematic risks associated with investing in Millicom International over a specified time horizon. Remember, high Millicom International's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Millicom International's market risk premium analysis include:
Beta 0.26 | Alpha 0.001295 | Risk 1.34 | Sharpe Ratio (0.01) | Expected Return (0.01) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Millicom International Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Millicom International market risk premium is the additional return an investor will receive from holding Millicom International long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Millicom International. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Millicom International's performance over market.| α | 0 | β | 0.26 |
Millicom International expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Millicom International's Buy-and-hold return. Our buy-and-hold chart shows how Millicom International performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Millicom International Market Price Analysis
Market price analysis indicators help investors to evaluate how Millicom International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Millicom International shares will generate the highest return on investment. By understating and applying Millicom International stock market price indicators, traders can identify Millicom International position entry and exit signals to maximize returns.
Millicom International Return and Market Media
The median price of Millicom International for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 26.81 with a coefficient of variation of 2.52. The daily time series for the period is distributed with a sample standard deviation of 0.68, arithmetic mean of 26.93, and mean deviation of 0.55. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Millicom subsidiary Telefnica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027 | 09/13/2024 |
2 | Millicom files standard form for notification of major holdings | 10/15/2024 |
3 | Tigo Energy Inc. to Report Third Quarter 2024 Financial Results on Wednesday, November 6, 2024 at 430 p.m. ET | 10/23/2024 |
4 | SBA Communications Corporation Reports Third Quarter 2024 Results Updates Full Year 2024 Outlook and Declares Quarterly Cash Dividend | 10/28/2024 |
5 | Millicom International Cellular S.A. Sees Significant Growth in Short Interest | 10/29/2024 |
6 | Liberty Latin America Reports Q3 2024 Results | 11/06/2024 |
7 | Millicom earnings missed by 0.28, revenue fell short of estimates | 11/07/2024 |
8 | Millicom International Cellular Announces Quarterly Earnings Results | 11/08/2024 |
9 | Millicom International Cellular S.A. Q3 2024 Earnings Call Transcript | 11/11/2024 |
10 | Millicom International Cellular SA Stock Price Up 2.95 percent on Nov 14 | 11/14/2024 |
About Millicom International Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Millicom or other stocks. Alpha measures the amount that position in Millicom International has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0388 | 0.025 | Price To Sales Ratio | 0.54 | 0.52 |
Millicom International Upcoming Company Events
As portrayed in its financial statements, the presentation of Millicom International's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Millicom International's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Millicom International's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Millicom International. Please utilize our Beneish M Score to check the likelihood of Millicom International's management manipulating its earnings.
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Check out Millicom International Backtesting, Millicom International Valuation, Millicom International Correlation, Millicom International Hype Analysis, Millicom International Volatility, Millicom International History and analyze Millicom International Performance. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.