Telecommunications Fund Class Fund Market Value

Telecommunications' market value is the price at which a share of Telecommunications trades on a public exchange. It measures the collective expectations of Telecommunications Fund Class investors about its performance.
With this module, you can estimate the performance of a buy and hold strategy of Telecommunications Fund Class and determine expected loss or profit from investing in Telecommunications over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Symbol

Please note, there is a significant difference between Telecommunications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Telecommunications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Telecommunications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Telecommunications '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 Telecommunications' mutual fund 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 Telecommunications.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Telecommunications on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Telecommunications Fund Class or generate 0.0% return on investment in Telecommunications over 360 days. Telecommunications is related to or competes with Qs Us, Washington Mutual, Smead Value, Jhancock Disciplined, T Rowe, Old Westbury, and Pace Large. The fund invests substantially all of its net assets in equity securities of Telecommunications Companies that are trade... More

Telecommunications 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 Telecommunications' mutual fund 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 Telecommunications Fund Class upside and downside potential and time the market with a certain degree of confidence.

Telecommunications Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Telecommunications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telecommunications' standard deviation. In reality, there are many statistical measures that can use Telecommunications historical prices to predict the future Telecommunications' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Telecommunications' 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.
Hype
Prediction
LowEstimatedHigh
37.2338.1038.97
Details
Intrinsic
Valuation
LowRealHigh
34.3535.2241.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Telecommunications. Your research has to be compared to or analyzed against Telecommunications' peers to derive any actionable benefits. When done correctly, Telecommunications' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Telecommunications Fund.

Telecommunications Fund Backtested Returns

Telecommunications Fund owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.038, which indicates the fund had a -0.038% return per unit of risk over the last 3 months. Telecommunications Fund Class exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Telecommunications' Coefficient Of Variation of (2,632), risk adjusted performance of (0.02), and Variance of 0.7584 to confirm the risk estimate we provide. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Telecommunications are expected to decrease at a much lower rate. During the bear market, Telecommunications is likely to outperform the market.

Auto-correlation

    
  0.12  

Insignificant predictability

Telecommunications Fund Class has insignificant predictability. Overlapping area represents the amount of predictability between Telecommunications time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 Telecommunications Fund price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Telecommunications price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.31
Residual Average0.0
Price Variance2.16

Telecommunications Fund lagged returns against current returns

Autocorrelation, which is Telecommunications mutual fund'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 Telecommunications' mutual fund expected returns. We can calculate the autocorrelation of Telecommunications returns to help us make a trade decision. For example, suppose you find that Telecommunications has exhibited high autocorrelation historically, and you observe that the mutual fund 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  

Telecommunications 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 Telecommunications mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telecommunications mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telecommunications mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Telecommunications Lagged Returns

When evaluating Telecommunications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telecommunications mutual fund have on its future price. Telecommunications 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, Telecommunications autocorrelation shows the relationship between Telecommunications mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Telecommunications Fund Class.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Telecommunications in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Telecommunications' short interest history, or implied volatility extrapolated from Telecommunications options trading.

Currently Active Assets on Macroaxis

Check out Telecommunications Correlation, Telecommunications Volatility and Telecommunications Alpha and Beta module to complement your research on Telecommunications.
Note that the Telecommunications Fund information on this page should be used as a complementary analysis to other Telecommunications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Telecommunications Mutual Fund analysis

When running Telecommunications' price analysis, check to measure Telecommunications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Telecommunications is operating at the current time. Most of Telecommunications' value examination focuses on studying past and present price action to predict the probability of Telecommunications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telecommunications' price. Additionally, you may evaluate how the addition of Telecommunications to your portfolios can decrease your overall portfolio volatility.
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Telecommunications technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of Telecommunications technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Telecommunications trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...