Telemasters Holdings (South Africa) Market Value
| TLM Stock | 100.00 1.00 0.99% |
| Symbol | Telemasters |
Telemasters Holdings '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 Telemasters Holdings' 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 Telemasters Holdings.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Telemasters Holdings on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Telemasters Holdings or generate 0.0% return on investment in Telemasters Holdings over 30 days. Telemasters Holdings is related to or competes with Lesaka Technologies, Astoria Investments, E Media, African Media, AfroCentric Investment, Deneb Investments, and Hosken Consolidated. More
Telemasters Holdings 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 Telemasters Holdings' 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 Telemasters Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.17 | |||
| Information Ratio | 0.001 | |||
| Maximum Drawdown | 38.87 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 5.26 |
Telemasters Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Telemasters Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Telemasters Holdings' standard deviation. In reality, there are many statistical measures that can use Telemasters Holdings historical prices to predict the future Telemasters Holdings' volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 5.0E-4 | |||
| Treynor Ratio | 0.0534 |
Telemasters Holdings Backtested Returns
Telemasters Holdings appears to be very steady, given 3 months investment horizon. Telemasters Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Telemasters Holdings' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please review Telemasters Holdings' Risk Adjusted Performance of 0.0246, coefficient of variation of 4777.9, and Semi Deviation of 4.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Telemasters Holdings holds a performance score of 8. The entity has a beta of 2.04, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Telemasters Holdings will likely underperform. Please check Telemasters Holdings' total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether Telemasters Holdings' existing price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Telemasters Holdings has below average predictability. Overlapping area represents the amount of predictability between Telemasters Holdings time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Telemasters Holdings price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Telemasters Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Telemasters Holdings lagged returns against current returns
Autocorrelation, which is Telemasters Holdings 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 Telemasters Holdings' stock expected returns. We can calculate the autocorrelation of Telemasters Holdings returns to help us make a trade decision. For example, suppose you find that Telemasters Holdings 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 |
Telemasters Holdings 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 Telemasters Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Telemasters Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Telemasters Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Telemasters Holdings Lagged Returns
When evaluating Telemasters Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Telemasters Holdings stock have on its future price. Telemasters Holdings 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, Telemasters Holdings autocorrelation shows the relationship between Telemasters Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Telemasters Holdings.
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 Telemasters Stock
Telemasters Holdings financial ratios help investors to determine whether Telemasters 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 Telemasters with respect to the benefits of owning Telemasters Holdings security.