Magyar Telekom (Hungary) Market Value
| MTEL Stock | 1,284 4.00 0.31% |
| Symbol | Magyar |
Magyar Telekom '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 Magyar Telekom'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 Magyar Telekom.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Magyar Telekom on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Magyar Telekom PLC or generate 0.0% return on investment in Magyar Telekom over 30 days.
Magyar Telekom 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 Magyar Telekom'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 Magyar Telekom PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8136 | |||
| Information Ratio | 0.2621 | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.96 |
Magyar Telekom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magyar Telekom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magyar Telekom's standard deviation. In reality, there are many statistical measures that can use Magyar Telekom historical prices to predict the future Magyar Telekom's volatility.| Risk Adjusted Performance | 0.278 | |||
| Jensen Alpha | 0.3458 | |||
| Total Risk Alpha | 0.218 | |||
| Sortino Ratio | 0.3069 | |||
| Treynor Ratio | 6.29 |
Magyar Telekom PLC Backtested Returns
Magyar Telekom appears to be very steady, given 3 months investment horizon. Magyar Telekom PLC has Sharpe Ratio of 0.38, which conveys that the firm had a 0.38% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Magyar Telekom, which you can use to evaluate the volatility of the firm. Please exercise Magyar Telekom's Risk Adjusted Performance of 0.278, coefficient of variation of 263.6, and Mean Deviation of 0.7443 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magyar Telekom holds a performance score of 29. The company secures a Beta (Market Risk) of 0.0559, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Magyar Telekom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magyar Telekom is expected to be smaller as well. Please check Magyar Telekom's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Magyar Telekom's current price movements will revert.
Auto-correlation | 0.71 |
Good predictability
Magyar Telekom PLC has good predictability. Overlapping area represents the amount of predictability between Magyar Telekom time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Magyar Telekom PLC price movement. The serial correlation of 0.71 indicates that around 71.0% of current Magyar Telekom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 678.75 |
Magyar Telekom PLC lagged returns against current returns
Autocorrelation, which is Magyar Telekom 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 Magyar Telekom's stock expected returns. We can calculate the autocorrelation of Magyar Telekom returns to help us make a trade decision. For example, suppose you find that Magyar Telekom 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 |
Magyar Telekom 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 Magyar Telekom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magyar Telekom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magyar Telekom stock over time.
Current vs Lagged Prices |
| Timeline |
Magyar Telekom Lagged Returns
When evaluating Magyar Telekom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magyar Telekom stock have on its future price. Magyar Telekom 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, Magyar Telekom autocorrelation shows the relationship between Magyar Telekom stock current value and its past values and can show if there is a momentum factor associated with investing in Magyar Telekom PLC.
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 Magyar Stock Analysis
When running Magyar Telekom's price analysis, check to measure Magyar Telekom'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 Magyar Telekom is operating at the current time. Most of Magyar Telekom's value examination focuses on studying past and present price action to predict the probability of Magyar Telekom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Telekom's price. Additionally, you may evaluate how the addition of Magyar Telekom to your portfolios can decrease your overall portfolio volatility.