Hellenic Telecommunications Org Stock Market Value
| HLTOY Stock | USD 8.05 0.63 8.49% |
| Symbol | Hellenic |
Hellenic Telecommunicatio '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 Hellenic Telecommunicatio'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 Hellenic Telecommunicatio.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Hellenic Telecommunicatio on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hellenic Telecommunications Org or generate 0.0% return on investment in Hellenic Telecommunicatio over 90 days. Hellenic Telecommunicatio is related to or competes with PCCW, Telenor ASA, Orange SA, Telefonica, Magyar Telekom, SwissCom, and Lumen Technologies. Hellenic Telecommunications Organization S.A., together with its subsidiaries, provides telecommunications and related s... More
Hellenic Telecommunicatio 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 Hellenic Telecommunicatio'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 Hellenic Telecommunications Org upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 2.92 |
Hellenic Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hellenic Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hellenic Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Hellenic Telecommunicatio historical prices to predict the future Hellenic Telecommunicatio's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.4025 |
Hellenic Telecommunicatio Backtested Returns
Hellenic Telecommunicatio holds Efficiency (Sharpe) Ratio of -0.0362, which attests that the entity had a -0.0362% return per unit of risk over the last 3 months. Hellenic Telecommunicatio exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hellenic Telecommunicatio's Standard Deviation of 2.17, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.4125 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hellenic Telecommunicatio are expected to decrease at a much lower rate. During the bear market, Hellenic Telecommunicatio is likely to outperform the market. At this point, Hellenic Telecommunicatio has a negative expected return of -0.0805%. Please make sure to check out Hellenic Telecommunicatio's variance, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Hellenic Telecommunicatio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Hellenic Telecommunications Org has below average predictability. Overlapping area represents the amount of predictability between Hellenic Telecommunicatio time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th of December 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 Hellenic Telecommunicatio price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Hellenic Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hellenic Telecommunicatio lagged returns against current returns
Autocorrelation, which is Hellenic Telecommunicatio 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 Hellenic Telecommunicatio's pink sheet expected returns. We can calculate the autocorrelation of Hellenic Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Hellenic Telecommunicatio 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 |
Hellenic Telecommunicatio 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 Hellenic Telecommunicatio pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hellenic Telecommunicatio pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hellenic Telecommunicatio pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hellenic Telecommunicatio Lagged Returns
When evaluating Hellenic Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hellenic Telecommunicatio pink sheet have on its future price. Hellenic Telecommunicatio 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, Hellenic Telecommunicatio autocorrelation shows the relationship between Hellenic Telecommunicatio pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hellenic Telecommunications Org.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hellenic Pink Sheet Analysis
When running Hellenic Telecommunicatio's price analysis, check to measure Hellenic Telecommunicatio'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 Hellenic Telecommunicatio is operating at the current time. Most of Hellenic Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of Hellenic Telecommunicatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hellenic Telecommunicatio's price. Additionally, you may evaluate how the addition of Hellenic Telecommunicatio to your portfolios can decrease your overall portfolio volatility.