Technology Telecommunication Stock Market Value
| TETE Stock | USD 12.23 0.01 0.08% |
| Symbol | Technology |
Technology Telecommunicatio Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Technology Telecommunicatio. If investors know Technology will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Technology Telecommunicatio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.876 | Earnings Share 0.05 | Return On Assets (0.03) |
The market value of Technology Telecommunicatio is measured differently than its book value, which is the value of Technology that is recorded on the company's balance sheet. Investors also form their own opinion of Technology Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Technology Telecommunicatio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Technology Telecommunicatio's market value can be influenced by many factors that don't directly affect Technology Telecommunicatio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Technology Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Technology Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Technology Telecommunicatio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Technology Telecommunicatio '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 Technology Telecommunicatio'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 Technology Telecommunicatio.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Technology Telecommunicatio on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Technology Telecommunication or generate 0.0% return on investment in Technology Telecommunicatio over 360 days. Technology Telecommunicatio is related to or competes with Target Global, and Healthcare. Technology Telecommunication Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, s... More
Technology Telecommunicatio 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 Technology Telecommunicatio'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 Technology Telecommunication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3668 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.4115 |
Technology Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Technology Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Technology Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Technology Telecommunicatio historical prices to predict the future Technology Telecommunicatio's volatility.| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Technology Telecommunicatio's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Technology Telecommunicatio Backtested Returns
At this point, Technology Telecommunicatio is very steady. Technology Telecommunicatio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0909, which indicates the firm had a 0.0909% return per unit of risk over the last 3 months. We have found thirty technical indicators for Technology Telecommunication, which you can use to evaluate the volatility of the company. Please validate Technology Telecommunicatio's Risk Adjusted Performance of 0.0368, semi deviation of 0.1491, and Coefficient Of Variation of 1237.51 to confirm if the risk estimate we provide is consistent with the expected return of 0.0182%. Technology Telecommunicatio has a performance score of 7 on a scale of 0 to 100. The entity has a beta of -0.0745, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Technology Telecommunicatio are expected to decrease at a much lower rate. During the bear market, Technology Telecommunicatio is likely to outperform the market. Technology Telecommunicatio right now has a risk of 0.2%. Please validate Technology Telecommunicatio semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to decide if Technology Telecommunicatio will be following its existing price patterns.
Auto-correlation | 0.88 |
Very good predictability
Technology Telecommunication has very good predictability. Overlapping area represents the amount of predictability between Technology Telecommunicatio time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Technology Telecommunicatio price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Technology Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Technology Telecommunicatio lagged returns against current returns
Autocorrelation, which is Technology Telecommunicatio 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 Technology Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Technology Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Technology Telecommunicatio 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 |
Technology Telecommunicatio 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 Technology Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Technology Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Technology Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Technology Telecommunicatio Lagged Returns
When evaluating Technology Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Technology Telecommunicatio stock have on its future price. Technology Telecommunicatio 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, Technology Telecommunicatio autocorrelation shows the relationship between Technology Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Technology Telecommunication.
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.When determining whether Technology Telecommunicatio is a strong investment it is important to analyze Technology Telecommunicatio's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Technology Telecommunicatio's future performance. For an informed investment choice regarding Technology Stock, refer to the following important reports:Check out Technology Telecommunicatio Correlation, Technology Telecommunicatio Volatility and Technology Telecommunicatio Alpha and Beta module to complement your research on Technology Telecommunicatio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Technology Telecommunicatio 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.