TelstraLimited's market value is the price at which a share of TelstraLimited trades on a public exchange. It measures the collective expectations of Telstra Limited investors about its performance. TelstraLimited is trading at 2.38 as of the 6th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 2.38. With this module, you can estimate the performance of a buy and hold strategy of Telstra Limited and determine expected loss or profit from investing in TelstraLimited over a given investment horizon. Check out TelstraLimited Correlation, TelstraLimited Volatility and TelstraLimited Alpha and Beta module to complement your research on TelstraLimited.
Please note, there is a significant difference between TelstraLimited's value and its price as these two are different measures arrived at by different means. Investors typically determine if TelstraLimited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TelstraLimited'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.
TelstraLimited '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 TelstraLimited's pink sheet 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 TelstraLimited.
0.00
05/16/2023
No Change 0.00
0.0
In 1 year 6 months and 24 days
12/06/2024
0.00
If you would invest 0.00 in TelstraLimited on May 16, 2023 and sell it all today you would earn a total of 0.00 from holding Telstra Limited or generate 0.0% return on investment in TelstraLimited over 570 days. TelstraLimited is related to or competes with Proximus, Singapore Telecommunicatio, MTN Group, Tele2 AB, Vodafone Group, and KDDI Corp. Telstra Corporation Limited provides telecommunications and information services to businesses, governments, and individ... More
TelstraLimited 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 TelstraLimited's pink sheet 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 Telstra Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for TelstraLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TelstraLimited's standard deviation. In reality, there are many statistical measures that can use TelstraLimited historical prices to predict the future TelstraLimited's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as TelstraLimited. Your research has to be compared to or analyzed against TelstraLimited's peers to derive any actionable benefits. When done correctly, TelstraLimited's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Telstra Limited.
Telstra Limited Backtested Returns
Telstra Limited owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0329, which indicates the firm had a -0.0329% return per unit of risk over the last 3 months. Telstra Limited exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TelstraLimited's Variance of 7.56, insignificant risk adjusted performance, and Coefficient Of Variation of (7,364) to confirm the risk estimate we provide. The entity has a beta of -0.67, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TelstraLimited are expected to decrease at a much lower rate. During the bear market, TelstraLimited is likely to outperform the market. At this point, Telstra Limited has a negative expected return of -0.0907%. Please make sure to validate TelstraLimited's information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Telstra Limited performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.6
Good reverse predictability
Telstra Limited has good reverse predictability. Overlapping area represents the amount of predictability between TelstraLimited time series from 16th of May 2023 to 25th of February 2024 and 25th of February 2024 to 6th 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 Telstra Limited price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current TelstraLimited price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.6
Spearman Rank Test
-0.76
Residual Average
0.0
Price Variance
0.02
Telstra Limited lagged returns against current returns
Autocorrelation, which is TelstraLimited pink sheet'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 TelstraLimited's pink sheet expected returns. We can calculate the autocorrelation of TelstraLimited returns to help us make a trade decision. For example, suppose you find that TelstraLimited has exhibited high autocorrelation historically, and you observe that the pink sheet 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
TelstraLimited 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 TelstraLimited pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TelstraLimited pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TelstraLimited pink sheet over time.
Current vs Lagged Prices
Timeline
TelstraLimited Lagged Returns
When evaluating TelstraLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TelstraLimited pink sheet have on its future price. TelstraLimited 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, TelstraLimited autocorrelation shows the relationship between TelstraLimited pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Telstra Limited.
Other Information on Investing in TelstraLimited Pink Sheet
TelstraLimited financial ratios help investors to determine whether TelstraLimited Pink Sheet 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 TelstraLimited with respect to the benefits of owning TelstraLimited security.