Telecomunicaes Brasileiras (Brazil) Market Value
| TELB4 Preferred Stock | BRL 9.94 0.11 1.12% |
| Symbol | Telecomunicaes |
Telecomunicaes Brasileiras '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 Telecomunicaes Brasileiras' preferred stock 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 Telecomunicaes Brasileiras.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Telecomunicaes Brasileiras on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Telecomunicaes Brasileiras SA or generate 0.0% return on investment in Telecomunicaes Brasileiras over 30 days. Telecomunicaes Brasileiras is related to or competes with Telecomunicaes Brasileiras, Positivo Tecnologia, Rossi Residencial, Kepler Weber, and PDG Realty. Telecomunicaes Brasileiras S.A. - TELEBRS engages in the communication business in Brazil More
Telecomunicaes Brasileiras 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 Telecomunicaes Brasileiras' preferred stock 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 Telecomunicaes Brasileiras SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 2.87 |
Telecomunicaes Brasileiras Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telecomunicaes Brasileiras' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telecomunicaes Brasileiras' standard deviation. In reality, there are many statistical measures that can use Telecomunicaes Brasileiras historical prices to predict the future Telecomunicaes Brasileiras' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (1.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Telecomunicaes Brasileiras' 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.
Telecomunicaes Brasileiras Backtested Returns
Telecomunicaes Brasileiras owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Telecomunicaes Brasileiras SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Telecomunicaes Brasileiras' Risk Adjusted Performance of (0.08), coefficient of variation of (729.92), and Variance of 3.79 to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Telecomunicaes Brasileiras' returns are expected to increase less than the market. However, during the bear market, the loss of holding Telecomunicaes Brasileiras is expected to be smaller as well. Telecomunicaes Brasileiras has an expected return of -0.24%. Please make sure to validate Telecomunicaes Brasileiras treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Telecomunicaes Brasileiras performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Telecomunicaes Brasileiras SA has very good reverse predictability. Overlapping area represents the amount of predictability between Telecomunicaes Brasileiras time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Telecomunicaes Brasileiras price movement. The serial correlation of -0.7 indicates that around 70.0% of current Telecomunicaes Brasileiras price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Telecomunicaes Brasileiras lagged returns against current returns
Autocorrelation, which is Telecomunicaes Brasileiras preferred stock'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 Telecomunicaes Brasileiras' preferred stock expected returns. We can calculate the autocorrelation of Telecomunicaes Brasileiras returns to help us make a trade decision. For example, suppose you find that Telecomunicaes Brasileiras has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
Telecomunicaes Brasileiras 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 Telecomunicaes Brasileiras preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telecomunicaes Brasileiras preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telecomunicaes Brasileiras preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Telecomunicaes Brasileiras Lagged Returns
When evaluating Telecomunicaes Brasileiras' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telecomunicaes Brasileiras preferred stock have on its future price. Telecomunicaes Brasileiras 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, Telecomunicaes Brasileiras autocorrelation shows the relationship between Telecomunicaes Brasileiras preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Telecomunicaes Brasileiras SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Telecomunicaes Brasileiras Correlation, Telecomunicaes Brasileiras Volatility and Telecomunicaes Brasileiras Alpha and Beta module to complement your research on Telecomunicaes Brasileiras. Note that the Telecomunicaes Brasileiras information on this page should be used as a complementary analysis to other Telecomunicaes Brasileiras' 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Telecomunicaes Preferred Stock analysis
When running Telecomunicaes Brasileiras' price analysis, check to measure Telecomunicaes Brasileiras' 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 Telecomunicaes Brasileiras is operating at the current time. Most of Telecomunicaes Brasileiras' value examination focuses on studying past and present price action to predict the probability of Telecomunicaes Brasileiras' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telecomunicaes Brasileiras' price. Additionally, you may evaluate how the addition of Telecomunicaes Brasileiras to your portfolios can decrease your overall portfolio volatility.
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Telecomunicaes Brasileiras technical preferred 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, preferred stock market cycles, or different charting patterns.