Aksa Akrilik (Turkey) Market Value
| AKSA Stock | TRY 10.62 0.73 7.38% |
| Symbol | Aksa |
Aksa Akrilik '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 Aksa Akrilik'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 Aksa Akrilik.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Aksa Akrilik on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Aksa Akrilik Kimya or generate 0.0% return on investment in Aksa Akrilik over 30 days. Aksa Akrilik is related to or competes with Eregli Demir, Turkiye Sise, Tofas Turk, Ford Otomotiv, and Hektas Ticaret. Aksa Akrilik Kimya Sanayii A.S., together with its subsidiaries, manufactures and sells textiles, chemicals, and other i... More
Aksa Akrilik 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 Aksa Akrilik'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 Aksa Akrilik Kimya upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0709 | |||
| Maximum Drawdown | 13.44 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.6 |
Aksa Akrilik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aksa Akrilik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aksa Akrilik's standard deviation. In reality, there are many statistical measures that can use Aksa Akrilik historical prices to predict the future Aksa Akrilik's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.2276 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0907 | |||
| Treynor Ratio | 0.5826 |
Aksa Akrilik Kimya Backtested Returns
Aksa Akrilik appears to be not too volatile, given 3 months investment horizon. Aksa Akrilik Kimya secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Aksa Akrilik Kimya, which you can use to evaluate the volatility of the firm. Please makes use of Aksa Akrilik's Downside Deviation of 1.91, mean deviation of 1.87, and Risk Adjusted Performance of 0.0963 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aksa Akrilik holds a performance score of 9. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aksa Akrilik's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aksa Akrilik is expected to be smaller as well. Please check Aksa Akrilik's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Aksa Akrilik's price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Aksa Akrilik Kimya has very good predictability. Overlapping area represents the amount of predictability between Aksa Akrilik 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 Aksa Akrilik Kimya price movement. The serial correlation of 0.81 indicates that around 81.0% of current Aksa Akrilik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Aksa Akrilik Kimya lagged returns against current returns
Autocorrelation, which is Aksa Akrilik 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 Aksa Akrilik's stock expected returns. We can calculate the autocorrelation of Aksa Akrilik returns to help us make a trade decision. For example, suppose you find that Aksa Akrilik 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 |
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Aksa Akrilik 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 Aksa Akrilik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aksa Akrilik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aksa Akrilik stock over time.
Current vs Lagged Prices |
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Aksa Akrilik Lagged Returns
When evaluating Aksa Akrilik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aksa Akrilik stock have on its future price. Aksa Akrilik 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, Aksa Akrilik autocorrelation shows the relationship between Aksa Akrilik stock current value and its past values and can show if there is a momentum factor associated with investing in Aksa Akrilik Kimya.
Regressed Prices |
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Additional Tools for Aksa Stock Analysis
When running Aksa Akrilik's price analysis, check to measure Aksa Akrilik's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aksa Akrilik is operating at the current time. Most of Aksa Akrilik's value examination focuses on studying past and present price action to predict the probability of Aksa Akrilik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aksa Akrilik's price. Additionally, you may evaluate how the addition of Aksa Akrilik to your portfolios can decrease your overall portfolio volatility.