Telefonica (Spain) Market Value
| TEF Stock | EUR 4.28 0.04 0.93% |
| Symbol | Telefonica |
Telefonica '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 Telefonica'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 Telefonica.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Telefonica on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Telefonica or generate 0.0% return on investment in Telefonica over 30 days. Telefonica is related to or competes with Banco Santander, Repsol, Iberdrola, Banco Bilbao, and Endesa SA. Telefnica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America More
Telefonica 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 Telefonica'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 Telefonica upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9511 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.65 |
Telefonica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telefonica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telefonica's standard deviation. In reality, there are many statistical measures that can use Telefonica historical prices to predict the future Telefonica's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | 0.0593 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.05) |
Telefonica Backtested Returns
At this point, Telefonica is somewhat reliable. Telefonica owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0203, which indicates the firm had a 0.0203% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Telefonica, which you can use to evaluate the volatility of the company. Please validate Telefonica's Risk Adjusted Performance of 0.025, coefficient of variation of 3166.1, and Semi Deviation of 0.8456 to confirm if the risk estimate we provide is consistent with the expected return of 0.019%. Telefonica has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Telefonica are expected to decrease at a much lower rate. During the bear market, Telefonica is likely to outperform the market. Telefonica right now has a risk of 0.93%. Please validate Telefonica total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Telefonica will be following its existing price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Telefonica has poor reverse predictability. Overlapping area represents the amount of predictability between Telefonica time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Telefonica price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Telefonica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Telefonica lagged returns against current returns
Autocorrelation, which is Telefonica 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 Telefonica's stock expected returns. We can calculate the autocorrelation of Telefonica returns to help us make a trade decision. For example, suppose you find that Telefonica 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 |
Telefonica 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 Telefonica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telefonica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telefonica stock over time.
Current vs Lagged Prices |
| Timeline |
Telefonica Lagged Returns
When evaluating Telefonica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telefonica stock have on its future price. Telefonica 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, Telefonica autocorrelation shows the relationship between Telefonica stock current value and its past values and can show if there is a momentum factor associated with investing in Telefonica.
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 Telefonica Stock
Telefonica financial ratios help investors to determine whether Telefonica 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 Telefonica with respect to the benefits of owning Telefonica security.