Alkim Kagit (Turkey) Market Value
| ALKA Stock | TRY 8.40 0.10 1.18% |
| Symbol | Alkim |
Alkim Kagit '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 Alkim Kagit'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 Alkim Kagit.
| 09/21/2024 |
| 12/20/2024 |
If you would invest 0.00 in Alkim Kagit on September 21, 2024 and sell it all today you would earn a total of 0.00 from holding Alkim Kagit Sanayi or generate 0.0% return on investment in Alkim Kagit over 90 days. Alkim Kagit is related to or competes with ICBC Turkey, Koza Anadolu, Gentas Genel, Galatasaray Sportif, Bms Birlesik, and Cuhadaroglu Metal. Alkim Kagit Sanayi ve Ticaret AS manufactures and sells woodfree offset, coated, office, and special papers primarily in... More
Alkim Kagit 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 Alkim Kagit'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 Alkim Kagit Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.0954 | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 6.12 |
Alkim Kagit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkim Kagit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alkim Kagit's standard deviation. In reality, there are many statistical measures that can use Alkim Kagit historical prices to predict the future Alkim Kagit's volatility.| Risk Adjusted Performance | 0.092 | |||
| Jensen Alpha | 0.2895 | |||
| Total Risk Alpha | 0.2067 | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | (1.04) |
Alkim Kagit Sanayi Backtested Returns
Alkim Kagit appears to be somewhat reliable, given 3 months investment horizon. Alkim Kagit Sanayi secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Alkim Kagit Sanayi, which you can use to evaluate the volatility of the firm. Please makes use of Alkim Kagit's Risk Adjusted Performance of 0.092, mean deviation of 1.89, and Downside Deviation of 2.36 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alkim Kagit holds a performance score of 10. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alkim Kagit are expected to decrease at a much lower rate. During the bear market, Alkim Kagit is likely to outperform the market. Please check Alkim Kagit's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Alkim Kagit's price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Alkim Kagit Sanayi has poor reverse predictability. Overlapping area represents the amount of predictability between Alkim Kagit time series from 21st of September 2024 to 5th of November 2024 and 5th of November 2024 to 20th 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 Alkim Kagit Sanayi price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Alkim Kagit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Alkim Kagit Sanayi lagged returns against current returns
Autocorrelation, which is Alkim Kagit 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 Alkim Kagit's stock expected returns. We can calculate the autocorrelation of Alkim Kagit returns to help us make a trade decision. For example, suppose you find that Alkim Kagit 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 |
Alkim Kagit 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 Alkim Kagit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alkim Kagit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alkim Kagit stock over time.
Current vs Lagged Prices |
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Alkim Kagit Lagged Returns
When evaluating Alkim Kagit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alkim Kagit stock have on its future price. Alkim Kagit 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, Alkim Kagit autocorrelation shows the relationship between Alkim Kagit stock current value and its past values and can show if there is a momentum factor associated with investing in Alkim Kagit Sanayi.
Regressed Prices |
| Timeline |
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Additional Tools for Alkim Stock Analysis
When running Alkim Kagit's price analysis, check to measure Alkim Kagit'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 Alkim Kagit is operating at the current time. Most of Alkim Kagit's value examination focuses on studying past and present price action to predict the probability of Alkim Kagit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkim Kagit's price. Additionally, you may evaluate how the addition of Alkim Kagit to your portfolios can decrease your overall portfolio volatility.