Telesat Corp Stock Market Value
| TSAT Stock | 18.28 1.03 5.97% |
| Symbol | Telesat |
Telesat Corp Price To Book Ratio
Telesat Corp '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 Telesat Corp'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 Telesat Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Telesat Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Telesat Corp or generate 0.0% return on investment in Telesat Corp over 30 days. Telesat Corp is related to or competes with Telesat Corp, Thinkific Labs, and D2L. Telesat Corp is entity of Canada. It is traded as Stock on TO exchange. More
Telesat Corp 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 Telesat Corp'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 Telesat Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.53 | |||
| Information Ratio | 0.0831 | |||
| Maximum Drawdown | 30.13 | |||
| Value At Risk | (6.40) | |||
| Potential Upside | 9.29 |
Telesat Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telesat Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telesat Corp's standard deviation. In reality, there are many statistical measures that can use Telesat Corp historical prices to predict the future Telesat Corp's volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 0.493 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0965 | |||
| Treynor Ratio | 1.06 |
Telesat Corp Backtested Returns
Telesat Corp appears to be somewhat reliable, given 3 months investment horizon. Telesat Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0917, which indicates the firm had a 0.0917% return per unit of risk over the last 3 months. By inspecting Telesat Corp's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Telesat Corp's Coefficient Of Variation of 935.08, semi deviation of 4.21, and Risk Adjusted Performance of 0.0905 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Telesat Corp holds a performance score of 7. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Telesat Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Telesat Corp is expected to be smaller as well. Please check Telesat Corp's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Telesat Corp's existing price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Telesat Corp has insignificant predictability. Overlapping area represents the amount of predictability between Telesat Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Telesat Corp price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Telesat Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
Telesat Corp lagged returns against current returns
Autocorrelation, which is Telesat Corp 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 Telesat Corp's stock expected returns. We can calculate the autocorrelation of Telesat Corp returns to help us make a trade decision. For example, suppose you find that Telesat Corp 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 |
Telesat Corp 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 Telesat Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telesat Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telesat Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Telesat Corp Lagged Returns
When evaluating Telesat Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telesat Corp stock have on its future price. Telesat Corp 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, Telesat Corp autocorrelation shows the relationship between Telesat Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Telesat Corp.
Regressed Prices |
| Timeline |
Pair Trading with Telesat Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Telesat Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Telesat Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Telesat Stock
Moving against Telesat Stock
The ability to find closely correlated positions to Telesat Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telesat Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telesat Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telesat Corp to buy it.
The correlation of Telesat Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telesat Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telesat Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Telesat Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Telesat Corp Correlation, Telesat Corp Volatility and Telesat Corp Alpha and Beta module to complement your research on Telesat Corp. To learn how to invest in Telesat Stock, please use our How to Invest in Telesat Corp guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Telesat Corp 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.