Aselsan Elektronik (Turkey) Market Value
| ASELS Stock | TRY 70.15 1.75 2.56% |
| Symbol | Aselsan |
Aselsan Elektronik '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 Aselsan Elektronik'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 Aselsan Elektronik.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Aselsan Elektronik on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Aselsan Elektronik Sanayi or generate 0.0% return on investment in Aselsan Elektronik over 30 days. Aselsan Elektronik is related to or competes with Turkish Airlines, Turkiye Petrol, Petkim Petrokimya, Eregli Demir, and Turkiye Sise. Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi engages in the research, development, engineering, production, testi... More
Aselsan Elektronik 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 Aselsan Elektronik'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 Aselsan Elektronik Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.1095 | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.55 |
Aselsan Elektronik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aselsan Elektronik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aselsan Elektronik's standard deviation. In reality, there are many statistical measures that can use Aselsan Elektronik historical prices to predict the future Aselsan Elektronik's volatility.| Risk Adjusted Performance | 0.1332 | |||
| Jensen Alpha | 0.4139 | |||
| Total Risk Alpha | 0.0229 | |||
| Sortino Ratio | 0.1174 | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aselsan Elektronik's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aselsan Elektronik Sanayi Backtested Returns
Aselsan Elektronik appears to be very steady, given 3 months investment horizon. Aselsan Elektronik Sanayi secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Aselsan Elektronik Sanayi, which you can use to evaluate the volatility of the firm. Please makes use of Aselsan Elektronik's risk adjusted performance of 0.1332, and Mean Deviation of 1.8 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aselsan Elektronik holds a performance score of 8. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aselsan Elektronik are expected to decrease at a much lower rate. During the bear market, Aselsan Elektronik is likely to outperform the market. Please check Aselsan Elektronik's maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether Aselsan Elektronik's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Aselsan Elektronik Sanayi has poor predictability. Overlapping area represents the amount of predictability between Aselsan Elektronik time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Aselsan Elektronik Sanayi price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Aselsan Elektronik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Aselsan Elektronik Sanayi lagged returns against current returns
Autocorrelation, which is Aselsan Elektronik 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 Aselsan Elektronik's stock expected returns. We can calculate the autocorrelation of Aselsan Elektronik returns to help us make a trade decision. For example, suppose you find that Aselsan Elektronik 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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Aselsan Elektronik 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 Aselsan Elektronik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aselsan Elektronik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aselsan Elektronik stock over time.
Current vs Lagged Prices |
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Aselsan Elektronik Lagged Returns
When evaluating Aselsan Elektronik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aselsan Elektronik stock have on its future price. Aselsan Elektronik 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, Aselsan Elektronik autocorrelation shows the relationship between Aselsan Elektronik stock current value and its past values and can show if there is a momentum factor associated with investing in Aselsan Elektronik Sanayi.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Aselsan Stock
Aselsan Elektronik financial ratios help investors to determine whether Aselsan 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 Aselsan with respect to the benefits of owning Aselsan Elektronik security.