Tele2 Ab Stock Market Value
| TLTZF Stock | USD 9.42 0.58 5.80% |
| Symbol | Tele2 |
Tele2 AB '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 Tele2 AB's pink sheet 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 Tele2 AB.
| 04/10/2024 |
| 05/10/2024 |
If you would invest 0.00 in Tele2 AB on April 10, 2024 and sell it all today you would earn a total of 0.00 from holding Tele2 AB or generate 0.0% return on investment in Tele2 AB over 30 days. Tele2 AB is related to or competes with Liberty Broadband, Cogent Communications, SK Telecom, HUMANA, Barloworld, High Yield, and Morningstar Unconstrained. Tele2 AB , a telecom operator, provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, L... More
Tele2 AB 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 Tele2 AB's pink sheet 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 Tele2 AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0335 | |||
| Maximum Drawdown | 21.41 | |||
| Value At Risk | (0.51) |
Tele2 AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tele2 AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tele2 AB's standard deviation. In reality, there are many statistical measures that can use Tele2 AB historical prices to predict the future Tele2 AB's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.177 | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (1.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tele2 AB's 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.
Tele2 AB Backtested Returns
We consider Tele2 AB somewhat reliable. Tele2 AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0688, which indicates the firm had a 0.0688% return per unit of risk over the last 3 months. We have found twenty technical indicators for Tele2 AB, which you can use to evaluate the volatility of the company. Please validate Tele2 AB's Variance of 6.9, risk adjusted performance of 0.0489, and Coefficient Of Variation of 1499.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Tele2 AB has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tele2 AB are expected to decrease at a much lower rate. During the bear market, Tele2 AB is likely to outperform the market. Tele2 AB right now has a risk of 2.71%. Please validate Tele2 AB information ratio, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Tele2 AB will be following its existing price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Tele2 AB has no correlation between past and present. Overlapping area represents the amount of predictability between Tele2 AB time series from 10th of April 2024 to 25th of April 2024 and 25th of April 2024 to 10th of May 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 Tele2 AB price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tele2 AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Tele2 AB lagged returns against current returns
Autocorrelation, which is Tele2 AB pink sheet'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 Tele2 AB's pink sheet expected returns. We can calculate the autocorrelation of Tele2 AB returns to help us make a trade decision. For example, suppose you find that Tele2 AB has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tele2 AB 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 Tele2 AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tele2 AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tele2 AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tele2 AB Lagged Returns
When evaluating Tele2 AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tele2 AB pink sheet have on its future price. Tele2 AB 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, Tele2 AB autocorrelation shows the relationship between Tele2 AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tele2 AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Tele2 AB Correlation, Tele2 AB Volatility and Tele2 AB Alpha and Beta module to complement your research on Tele2 AB. Note that the Tele2 AB information on this page should be used as a complementary analysis to other Tele2 AB's 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Tele2 Pink Sheet analysis
When running Tele2 AB's price analysis, check to measure Tele2 AB's 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 Tele2 AB is operating at the current time. Most of Tele2 AB's value examination focuses on studying past and present price action to predict the probability of Tele2 AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tele2 AB's price. Additionally, you may evaluate how the addition of Tele2 AB to your portfolios can decrease your overall portfolio volatility.
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Tele2 AB technical pink sheet 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, pink sheet market cycles, or different charting patterns.