Telefonaktiebolaget (Germany) Market Value
| ERCB Stock | EUR 7.55 0.22 3.00% |
| Symbol | Telefonaktiebolaget |
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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Telefonaktiebolaget on December 16, 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 90 days. Telefonaktiebolaget is related to or competes with Planet Fitness, GUARDANT HEALTH, FIREWEED METALS, Bumrungrad Hospital, Zijin Mining, DISTRICT METALS, and CARDINAL HEALTH. Telefonaktiebolaget LM Ericsson provides information and communications technology solutions for service providers 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 | 0.0285 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 2.32 |
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 | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.2392 | |||
| Treynor Ratio | 0.3831 |
Telefonaktiebolaget Backtested Returns
Telefonaktiebolaget owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0144, which indicates the firm had a -0.0144 % 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 Variance of 5.13, coefficient of variation of (6,570), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Telefonaktiebolaget are expected to decrease at a much lower rate. During the bear market, Telefonaktiebolaget is likely to outperform the market. At this point, Telefonaktiebolaget has a negative expected return of -0.0336%. Please make sure to validate Telefonaktiebolaget's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Telefonaktiebolaget performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Telefonaktiebolaget LM Ericsson has very weak predictability. Overlapping area represents the amount of predictability between Telefonaktiebolaget time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 0.17 indicates that over 17.0% of current Telefonaktiebolaget price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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 |
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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 |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Telefonaktiebolaget Stock
When determining whether Telefonaktiebolaget offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Telefonaktiebolaget'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 Telefonaktiebolaget Lm Ericsson Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Telefonaktiebolaget Lm Ericsson Stock:Check out Telefonaktiebolaget Correlation, Telefonaktiebolaget Volatility and Telefonaktiebolaget Alpha and Beta module to complement your research on Telefonaktiebolaget. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.