Spirit Telecom (Australia) Market Value
| ST1 Stock | 0.06 0.01 12.73% |
| Symbol | Spirit |
Spirit 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 Spirit 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 Spirit Telecom.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Spirit Telecom on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Spirit Telecom or generate 0.0% return on investment in Spirit Telecom over 690 days. Spirit Telecom is related to or competes with Aneka Tambang, Woolworths, Commonwealth Bank, BHP Group, Rio Tinto, and Coles. Spirit Telecom is entity of Australia. It is traded as Stock on AU exchange. More
Spirit 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 Spirit 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 Spirit Telecom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.54 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 5.77 |
Spirit Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spirit Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spirit Telecom's standard deviation. In reality, there are many statistical measures that can use Spirit Telecom historical prices to predict the future Spirit Telecom's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0875 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.18) |
Spirit Telecom Backtested Returns
Spirit Telecom appears to be out of control, given 3 months investment horizon. Spirit Telecom owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0591, which indicates the firm had a 0.0591% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Spirit Telecom, which you can use to evaluate the volatility of the company. Please review Spirit Telecom's Coefficient Of Variation of 5665.82, risk adjusted performance of 0.0214, and Semi Deviation of 3.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Spirit Telecom holds a performance score of 4. The entity has a beta of -0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spirit Telecom are expected to decrease at a much lower rate. During the bear market, Spirit Telecom is likely to outperform the market. Please check Spirit Telecom's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Spirit Telecom's existing price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Spirit Telecom has below average predictability. Overlapping area represents the amount of predictability between Spirit Telecom time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Spirit Telecom price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Spirit Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Spirit Telecom lagged returns against current returns
Autocorrelation, which is Spirit 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 Spirit Telecom's stock expected returns. We can calculate the autocorrelation of Spirit Telecom returns to help us make a trade decision. For example, suppose you find that Spirit 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 |
Spirit 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 Spirit Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spirit Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spirit Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Spirit Telecom Lagged Returns
When evaluating Spirit Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spirit Telecom stock have on its future price. Spirit 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, Spirit Telecom autocorrelation shows the relationship between Spirit Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Spirit Telecom.
Regressed Prices |
| Timeline |
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Additional Tools for Spirit Stock Analysis
When running Spirit Telecom's price analysis, check to measure Spirit Telecom'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 Spirit Telecom is operating at the current time. Most of Spirit Telecom's value examination focuses on studying past and present price action to predict the probability of Spirit Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Telecom's price. Additionally, you may evaluate how the addition of Spirit Telecom to your portfolios can decrease your overall portfolio volatility.