Truecaller (Sweden) Market Value
| TRUE-B Stock | SEK 49.16 0.56 1.15% |
| Symbol | Truecaller |
Truecaller '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 Truecaller'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 Truecaller.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Truecaller on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Truecaller AB or generate 0.0% return on investment in Truecaller over 30 days. Truecaller is related to or competes with Sinch AB, Hexatronic Group, SBB-B, Storskogen Group, and Cint Group. True Heading AB develops and manufactures automatic identification system solutions and accessories for navigation applications primarily in Sweden. More
Truecaller 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 Truecaller'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 Truecaller AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.135 | |||
| Maximum Drawdown | 22.67 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 4.58 |
Truecaller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Truecaller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Truecaller's standard deviation. In reality, there are many statistical measures that can use Truecaller historical prices to predict the future Truecaller's volatility.| Risk Adjusted Performance | 0.1471 | |||
| Jensen Alpha | 0.6448 | |||
| Total Risk Alpha | 0.0356 | |||
| Sortino Ratio | 0.1229 | |||
| Treynor Ratio | (0.51) |
Truecaller AB Backtested Returns
Truecaller appears to be very steady, given 3 months investment horizon. Truecaller AB owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. By inspecting Truecaller's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Truecaller's Semi Deviation of 2.46, coefficient of variation of 547.14, and Risk Adjusted Performance of 0.1471 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Truecaller holds a performance score of 15. The entity has a beta of -1.01, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Truecaller are expected to decrease slowly. On the other hand, during market turmoil, Truecaller is expected to outperform it slightly. Please check Truecaller's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Truecaller's existing price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Truecaller AB has modest reverse predictability. Overlapping area represents the amount of predictability between Truecaller time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Truecaller AB price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Truecaller price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
Truecaller AB lagged returns against current returns
Autocorrelation, which is Truecaller 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 Truecaller's stock expected returns. We can calculate the autocorrelation of Truecaller returns to help us make a trade decision. For example, suppose you find that Truecaller 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 |
Truecaller 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 Truecaller stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Truecaller stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Truecaller stock over time.
Current vs Lagged Prices |
| Timeline |
Truecaller Lagged Returns
When evaluating Truecaller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Truecaller stock have on its future price. Truecaller 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, Truecaller autocorrelation shows the relationship between Truecaller stock current value and its past values and can show if there is a momentum factor associated with investing in Truecaller AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Truecaller Stock
Truecaller financial ratios help investors to determine whether Truecaller 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 Truecaller with respect to the benefits of owning Truecaller security.