Parlem Telecom (Spain) Market Value
| PAR Stock | 3.26 0.02 0.61% |
| Symbol | Parlem |
Parlem Telecom '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 Parlem Telecom'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 Parlem Telecom.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Parlem Telecom on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Parlem Telecom Companyia or generate 0.0% return on investment in Parlem Telecom over 90 days. Parlem Telecom is related to or competes with Media Investment, Caixabank, and Elaia Investment. More
Parlem Telecom 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 Parlem Telecom'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 Parlem Telecom Companyia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0476 | |||
| Maximum Drawdown | 12.84 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.13 |
Parlem Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parlem Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parlem Telecom's standard deviation. In reality, there are many statistical measures that can use Parlem Telecom historical prices to predict the future Parlem Telecom's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.2582 | |||
| Sortino Ratio | 0.0407 | |||
| Treynor Ratio | (0.38) |
Parlem Telecom ia Backtested Returns
At this point, Parlem Telecom is moderately volatile. Parlem Telecom ia maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Parlem Telecom ia, which you can use to evaluate the volatility of the company. Please check Parlem Telecom's Coefficient Of Variation of 99464.65, semi deviation of 1.42, and Risk Adjusted Performance of 0.0068 to confirm if the risk estimate we provide is consistent with the expected return of 0.0021%. The company holds a Beta of 0.0209, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parlem Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parlem Telecom is expected to be smaller as well. Parlem Telecom ia right now holds a risk of 2.12%. Please check Parlem Telecom ia skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Parlem Telecom ia will be following its historical price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Parlem Telecom Companyia has modest reverse predictability. Overlapping area represents the amount of predictability between Parlem Telecom time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Parlem Telecom ia price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Parlem Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Parlem Telecom ia lagged returns against current returns
Autocorrelation, which is Parlem Telecom 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 Parlem Telecom's stock expected returns. We can calculate the autocorrelation of Parlem Telecom returns to help us make a trade decision. For example, suppose you find that Parlem Telecom 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 |
Parlem Telecom 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 Parlem Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Parlem Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Parlem Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Parlem Telecom Lagged Returns
When evaluating Parlem Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Parlem Telecom stock have on its future price. Parlem Telecom 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, Parlem Telecom autocorrelation shows the relationship between Parlem Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Parlem Telecom Companyia.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Parlem Stock
Parlem Telecom financial ratios help investors to determine whether Parlem Stock 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 Parlem with respect to the benefits of owning Parlem Telecom security.