Telefonaktiebolaget Lm Ericsson Stock Market Value
| ERIC Stock | USD 5.28 0.08 1.49% |
| Symbol | Telefonaktiebolaget |
Telefonaktiebolaget Price To Book Ratio
Is Telefonaktiebolaget's industry 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 Telefonaktiebolaget. If investors know Telefonaktiebolaget 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 Telefonaktiebolaget listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.707 | Dividend Share 2.7 | Earnings Share (0.70) | Revenue Per Share 76.307 | Quarterly Revenue Growth (0.15) |
The market value of Telefonaktiebolaget is measured differently than its book value, which is the value of Telefonaktiebolaget that is recorded on the company's balance sheet. Investors also form their own opinion of Telefonaktiebolaget's value that differs from its market value or its book value, called intrinsic value, which is Telefonaktiebolaget'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 Telefonaktiebolaget's market value can be influenced by many factors that don't directly affect Telefonaktiebolaget'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 Telefonaktiebolaget's value and its price as these two are different measures arrived at by different means. Investors typically determine if Telefonaktiebolaget is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Telefonaktiebolaget'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.
Telefonaktiebolaget '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 Telefonaktiebolaget's 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 Telefonaktiebolaget.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Telefonaktiebolaget on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Telefonaktiebolaget LM Ericsson or generate 0.0% return on investment in Telefonaktiebolaget over 30 days. Telefonaktiebolaget is related to or competes with Optical Cable, Knowles Cor, Mynaric AG, Ituran Location, Telesat Corp, and Digi International. Telefonaktiebolaget LM Ericsson , together with its subsidiaries, provides communication infrastructure, services, and s... More
Telefonaktiebolaget 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 Telefonaktiebolaget's 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 Telefonaktiebolaget LM Ericsson upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.31 |
Telefonaktiebolaget Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telefonaktiebolaget's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telefonaktiebolaget's standard deviation. In reality, there are many statistical measures that can use Telefonaktiebolaget historical prices to predict the future Telefonaktiebolaget's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Telefonaktiebolaget'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.
Telefonaktiebolaget Backtested Returns
Telefonaktiebolaget owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0455, which indicates the firm had a -0.0455% return per unit of risk over the last 3 months. Telefonaktiebolaget LM Ericsson exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Telefonaktiebolaget's Risk Adjusted Performance of (0.02), variance of 3.75, and Coefficient Of Variation of (2,209) to confirm the risk estimate we provide. The entity has a beta of 1.78, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Telefonaktiebolaget will likely underperform. Telefonaktiebolaget has an expected return of -0.0878%. Please make sure to validate Telefonaktiebolaget treynor ratio, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Telefonaktiebolaget performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Telefonaktiebolaget LM Ericsson has very good reverse predictability. Overlapping area represents the amount of predictability between Telefonaktiebolaget 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 Telefonaktiebolaget price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Telefonaktiebolaget price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Telefonaktiebolaget lagged returns against current returns
Autocorrelation, which is Telefonaktiebolaget 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 Telefonaktiebolaget's stock expected returns. We can calculate the autocorrelation of Telefonaktiebolaget returns to help us make a trade decision. For example, suppose you find that Telefonaktiebolaget has exhibited high autocorrelation historically, and you observe that the 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 |
Telefonaktiebolaget 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 Telefonaktiebolaget stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telefonaktiebolaget stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telefonaktiebolaget stock over time.
Current vs Lagged Prices |
| Timeline |
Telefonaktiebolaget Lagged Returns
When evaluating Telefonaktiebolaget's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telefonaktiebolaget stock have on its future price. Telefonaktiebolaget 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, Telefonaktiebolaget autocorrelation shows the relationship between Telefonaktiebolaget stock current value and its past values and can show if there is a momentum factor associated with investing in Telefonaktiebolaget LM Ericsson.
Regressed Prices |
| Timeline |
Pair Trading with Telefonaktiebolaget
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Telefonaktiebolaget position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Telefonaktiebolaget will appreciate offsetting losses from the drop in the long position's value.Moving together with Telefonaktiebolaget Stock
| 0.68 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
Moving against Telefonaktiebolaget Stock
| 0.63 | MCHB | Mechanics Bank | PairCorr |
| 0.53 | GDDY | Godaddy Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Telefonaktiebolaget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telefonaktiebolaget when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telefonaktiebolaget - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telefonaktiebolaget LM Ericsson to buy it.
The correlation of Telefonaktiebolaget is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telefonaktiebolaget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telefonaktiebolaget moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Telefonaktiebolaget can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Telefonaktiebolaget Correlation, Telefonaktiebolaget Volatility and Telefonaktiebolaget Alpha and Beta module to complement your research on Telefonaktiebolaget. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Telefonaktiebolaget Stock analysis
When running Telefonaktiebolaget's price analysis, check to measure Telefonaktiebolaget'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 Telefonaktiebolaget is operating at the current time. Most of Telefonaktiebolaget's value examination focuses on studying past and present price action to predict the probability of Telefonaktiebolaget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telefonaktiebolaget's price. Additionally, you may evaluate how the addition of Telefonaktiebolaget to your portfolios can decrease your overall portfolio volatility.
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Telefonaktiebolaget 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.