Afyon Cimento (Turkey) Market Value
| AFYON Stock | TRY 14.39 0.05 0.35% |
| Symbol | Afyon |
Afyon Cimento '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 Afyon Cimento'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 Afyon Cimento.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Afyon Cimento on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Afyon Cimento Sanayi or generate 0.0% return on investment in Afyon Cimento over 720 days. Afyon Cimento is related to or competes with Politeknik Metal, Datagate Bilgisayar, Mackolik Internet, Silverline Endustri, and Sodas Sodyum. Afyon imento Sanayi Trk Anonim Sirketi produces and sells cement and ready-mixed concrete More
Afyon Cimento 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 Afyon Cimento'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 Afyon Cimento Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.33 |
Afyon Cimento Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Afyon Cimento's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Afyon Cimento's standard deviation. In reality, there are many statistical measures that can use Afyon Cimento historical prices to predict the future Afyon Cimento's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.16) |
Afyon Cimento Sanayi Backtested Returns
Afyon Cimento Sanayi secures Sharpe Ratio (or Efficiency) of -0.0236, which signifies that the company had a -0.0236% return per unit of risk over the last 3 months. Afyon Cimento Sanayi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Afyon Cimento's Mean Deviation of 2.14, standard deviation of 2.92, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Afyon Cimento's returns are expected to increase less than the market. However, during the bear market, the loss of holding Afyon Cimento is expected to be smaller as well. At this point, Afyon Cimento Sanayi has a negative expected return of -0.0681%. Please make sure to confirm Afyon Cimento's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Afyon Cimento Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Afyon Cimento Sanayi has modest predictability. Overlapping area represents the amount of predictability between Afyon Cimento time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Afyon Cimento Sanayi price movement. The serial correlation of 0.52 indicates that about 52.0% of current Afyon Cimento price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
Afyon Cimento Sanayi lagged returns against current returns
Autocorrelation, which is Afyon Cimento 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 Afyon Cimento's stock expected returns. We can calculate the autocorrelation of Afyon Cimento returns to help us make a trade decision. For example, suppose you find that Afyon Cimento 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 |
Afyon Cimento 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 Afyon Cimento stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Afyon Cimento stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Afyon Cimento stock over time.
Current vs Lagged Prices |
| Timeline |
Afyon Cimento Lagged Returns
When evaluating Afyon Cimento's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Afyon Cimento stock have on its future price. Afyon Cimento 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, Afyon Cimento autocorrelation shows the relationship between Afyon Cimento stock current value and its past values and can show if there is a momentum factor associated with investing in Afyon Cimento Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Afyon Stock
Afyon Cimento financial ratios help investors to determine whether Afyon 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 Afyon with respect to the benefits of owning Afyon Cimento security.