Telecom Italia Spa Stock Market Value
| TIAOF Stock | USD 0.23 0.01 4.55% |
| Symbol | Telecom |
Telecom Italia '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 Telecom Italia'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 Telecom Italia.
| 06/30/2022 |
| 06/19/2024 |
If you would invest 0.00 in Telecom Italia on June 30, 2022 and sell it all today you would earn a total of 0.00 from holding Telecom Italia SpA or generate 0.0% return on investment in Telecom Italia over 720 days. Telecom Italia is related to or competes with APT Satellite, Singapore Telecommunicatio, ATT, FingerMotion, KORE Group, and IDT. Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services in Italy an... More
Telecom Italia 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 Telecom Italia'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 Telecom Italia SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0166 | |||
| Maximum Drawdown | 29.67 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 4.55 |
Telecom Italia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telecom Italia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telecom Italia's standard deviation. In reality, there are many statistical measures that can use Telecom Italia historical prices to predict the future Telecom Italia's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | 0.0673 | |||
| Total Risk Alpha | 0.0547 | |||
| Treynor Ratio | 0.3176 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Telecom Italia'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.
Telecom Italia SpA Backtested Returns
We consider Telecom Italia out of control. Telecom Italia SpA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0031, which indicates the firm had a 0.0031% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Telecom Italia SpA, which you can use to evaluate the volatility of the company. Please validate Telecom Italia's Risk Adjusted Performance of 0.0207, coefficient of variation of 5079.81, and Variance of 15.58 to confirm if the risk estimate we provide is consistent with the expected return of 0.0126%. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Telecom Italia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Telecom Italia is expected to be smaller as well. Telecom Italia SpA right now has a risk of 4.04%. Please validate Telecom Italia potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Telecom Italia will be following its existing price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Telecom Italia SpA has good reverse predictability. Overlapping area represents the amount of predictability between Telecom Italia time series from 30th of June 2022 to 25th of June 2023 and 25th of June 2023 to 19th of June 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 Telecom Italia SpA price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Telecom Italia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Telecom Italia SpA lagged returns against current returns
Autocorrelation, which is Telecom Italia 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 Telecom Italia's pink sheet expected returns. We can calculate the autocorrelation of Telecom Italia returns to help us make a trade decision. For example, suppose you find that Telecom Italia 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 |
Telecom Italia 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 Telecom Italia pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telecom Italia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telecom Italia pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Telecom Italia Lagged Returns
When evaluating Telecom Italia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telecom Italia pink sheet have on its future price. Telecom Italia 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, Telecom Italia autocorrelation shows the relationship between Telecom Italia pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Telecom Italia SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Telecom Pink Sheet
Telecom Italia financial ratios help investors to determine whether Telecom Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Telecom with respect to the benefits of owning Telecom Italia security.