Millicom International Cellular Stock Price on February 22, 2024
| TIGO Stock | USD 24.98 0.24 0.95% |
If you're considering investing in Millicom Stock, it is important to understand the factors that can impact its price. As of today, the current price of Millicom International stands at 24.98, as last reported on the 5th of June, with the highest price reaching 25.32 and the lowest price hitting 24.91 during the day. Millicom International appears to be very steady, given 3 months investment horizon. Millicom International has Sharpe Ratio of 0.31, which conveys that the firm had a 0.31% return per unit of risk over the last 3 months. By analyzing Millicom International's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please exercise Millicom International's Risk Adjusted Performance of 0.2011, downside deviation of 1.21, and Mean Deviation of 1.21 to check out if our risk estimates are consistent with your expectations.
Millicom Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Millicom |
Sharpe Ratio = 0.3102
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Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Millicom International is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Millicom International by adding it to a well-diversified portfolio.
Millicom International Valuation on February 22, 2024
It is possible to determine the worth of Millicom International on a given historical date. On February 22, 2024 Millicom was worth 15.94 at the beginning of the trading date compared to the closed value of 16.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Millicom International stock. Still, in general, we apply an absolute valuation method to find Millicom International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Millicom International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Millicom International's related companies.
| Open | High | Low | Close | Volume | |
| 15.81 | 15.85 | 15.72 | 15.82 | 53,128 | |
02/22/2024 | 15.94 | 16.01 | 15.89 | 16.00 | 34,048 |
| 15.84 | 15.95 | 15.76 | 15.91 | 51,612 |
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Millicom International Trading Date Momentum on February 22, 2024
| On February 23 2024 Millicom International Cellular was traded for 15.91 at the closing time. The top price for the day was 15.95 and the lowest listed price was 15.76 . The trading volume for the day was 51.6 K. The trading history from February 23, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.56% . The trading delta at closing time against the current closing price is 13.69% . |
Millicom International Fundamentals Correlations and Trends
By evaluating Millicom International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Millicom International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Millicom financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Millicom International Stock history
Millicom International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Millicom is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Millicom International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Millicom International stock prices may prove useful in developing a viable investing in Millicom International
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company was founded in 1990 and is headquartered in Luxembourg. Millicom International is traded on NASDAQ Exchange in the United States.
Millicom International Stock Technical Analysis
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.
Price Boundaries
Millicom International Period Price Range
Low | February 22, 2024
| High |
15.94 | 16.00 |
Millicom International June 5, 2024 Market Strength
Market strength 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 undertsting and applying Millicom International stock market strength indicators, traders can identify Millicom International Cellular entry and exit signals to maximize returns
Millicom International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Millicom International's price direction in advance. Along with the technical and fundamental analysis of Millicom Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Millicom to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2011 | |||
| Jensen Alpha | 0.4808 | |||
| Total Risk Alpha | 0.4495 | |||
| Sortino Ratio | 0.3933 | |||
| Treynor Ratio | 0.663 |
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Additional Information and Resources on Investing in Millicom Stock
When determining whether Millicom International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millicom International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millicom International Cellular Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millicom International Cellular Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Millicom International Cellular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Communication space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Millicom International. If investors know Millicom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Millicom International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Millicom International is measured differently than its book value, which is the value of Millicom that is recorded on the company's balance sheet. Investors also form their own opinion of Millicom International's value that differs from its market value or its book value, called intrinsic value, which is Millicom International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Millicom International's market value can be influenced by many factors that don't directly affect Millicom International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millicom International's 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.