Tamilnadu Telecommunicatio (India) Market Value
| TNTELE Stock | 9.47 0.05 0.53% |
| Symbol | Tamilnadu |
Tamilnadu 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 Tamilnadu 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 Tamilnadu Telecommunicatio.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Tamilnadu Telecommunicatio on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Tamilnadu Telecommunication Limited or generate 0.0% return on investment in Tamilnadu Telecommunicatio over 720 days. Tamilnadu Telecommunicatio is related to or competes with Tata Consultancy, Reliance Industries, SIS, Wipro, and State Bank. Tamilnadu Telecommunicatio is entity of India More
Tamilnadu 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 Tamilnadu 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 Tamilnadu Telecommunication Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.7 |
Tamilnadu Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tamilnadu Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tamilnadu Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Tamilnadu Telecommunicatio historical prices to predict the future Tamilnadu Telecommunicatio's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 1.23 |
Tamilnadu Telecommunicatio Backtested Returns
Tamilnadu Telecommunicatio owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0603, which indicates the firm had a -0.0603% return per unit of risk over the last 3 months. Tamilnadu Telecommunication Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tamilnadu Telecommunicatio's Coefficient Of Variation of (1,192), variance of 5.93, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tamilnadu Telecommunicatio are expected to decrease at a much lower rate. During the bear market, Tamilnadu Telecommunicatio is likely to outperform the market. At this point, Tamilnadu Telecommunicatio has a negative expected return of -0.15%. Please make sure to validate Tamilnadu Telecommunicatio's skewness, as well as the relationship between the day median price and relative strength index , to decide if Tamilnadu Telecommunicatio performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Tamilnadu Telecommunication Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tamilnadu Telecommunicatio time series from 10th of December 2022 to 5th of December 2023 and 5th 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 Tamilnadu Telecommunicatio price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Tamilnadu Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Tamilnadu Telecommunicatio lagged returns against current returns
Autocorrelation, which is Tamilnadu 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 Tamilnadu Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Tamilnadu Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Tamilnadu 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 |
Tamilnadu 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 Tamilnadu Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tamilnadu Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tamilnadu Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Tamilnadu Telecommunicatio Lagged Returns
When evaluating Tamilnadu Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tamilnadu Telecommunicatio stock have on its future price. Tamilnadu 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, Tamilnadu Telecommunicatio autocorrelation shows the relationship between Tamilnadu Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Tamilnadu Telecommunication Limited.
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 Tamilnadu Stock
Tamilnadu Telecommunicatio financial ratios help investors to determine whether Tamilnadu 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 Tamilnadu with respect to the benefits of owning Tamilnadu Telecommunicatio security.