Celik Halat (Turkey) Market Value
| CELHA Stock | TRY 22.18 0.82 3.57% |
| Symbol | Celik |
Celik Halat '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 Celik Halat'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 Celik Halat.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Celik Halat on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Celik Halat ve or generate 0.0% return on investment in Celik Halat over 390 days. Celik Halat is related to or competes with Turkiye Kalkinma, Trabzonspor Sportif, Koza Anadolu, Silverline Endustri, Turkish Airlines, and Cuhadaroglu Metal. elik Halat ve Tel Sanayii A.S. produces and supplies carbon wire and steel wire ropes in Turkey More
Celik Halat 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 Celik Halat'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 Celik Halat ve upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 2.09 |
Celik Halat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celik Halat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celik Halat's standard deviation. In reality, there are many statistical measures that can use Celik Halat historical prices to predict the future Celik Halat's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.84) |
Celik Halat ve Backtested Returns
Celik Halat ve secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of risk over the last 3 months. Celik Halat ve exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celik Halat's Risk Adjusted Performance of (0.16), mean deviation of 1.85, and Standard Deviation of 2.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Celik Halat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Celik Halat is expected to be smaller as well. At this point, Celik Halat ve has a negative expected return of -0.57%. Please make sure to confirm Celik Halat's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Celik Halat ve performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Celik Halat ve has weak reverse predictability. Overlapping area represents the amount of predictability between Celik Halat time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 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 Celik Halat ve price movement. The serial correlation of -0.21 indicates that over 21.0% of current Celik Halat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 28.88 |
Celik Halat ve lagged returns against current returns
Autocorrelation, which is Celik Halat 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 Celik Halat's stock expected returns. We can calculate the autocorrelation of Celik Halat returns to help us make a trade decision. For example, suppose you find that Celik Halat 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 |
Celik Halat 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 Celik Halat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celik Halat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celik Halat stock over time.
Current vs Lagged Prices |
| Timeline |
Celik Halat Lagged Returns
When evaluating Celik Halat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celik Halat stock have on its future price. Celik Halat 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, Celik Halat autocorrelation shows the relationship between Celik Halat stock current value and its past values and can show if there is a momentum factor associated with investing in Celik Halat ve.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Celik Stock
Celik Halat financial ratios help investors to determine whether Celik 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 Celik with respect to the benefits of owning Celik Halat security.