Cimentas Izmir (Turkey) Market Value
| CMENT Stock | TRY 414.25 27.50 7.11% |
| Symbol | Cimentas |
Cimentas Izmir '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 Cimentas Izmir'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 Cimentas Izmir.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Cimentas Izmir on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Cimentas Izmir Cimento or generate 0.0% return on investment in Cimentas Izmir over 30 days. Cimentas Izmir is related to or competes with Qnb Finansbank, Turkiye Kalkinma, Kocaer Celik, and . imentas Izmir imento Fabrikasi Trk A.S., together with its subsidiaries, produces and sells cement in Turkey and interna... More
Cimentas Izmir 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 Cimentas Izmir'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 Cimentas Izmir Cimento upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 7.11 |
Cimentas Izmir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cimentas Izmir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cimentas Izmir's standard deviation. In reality, there are many statistical measures that can use Cimentas Izmir historical prices to predict the future Cimentas Izmir's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cimentas Izmir'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.
Cimentas Izmir Cimento Backtested Returns
Cimentas Izmir is very steady at the moment. Cimentas Izmir Cimento secures Sharpe Ratio (or Efficiency) of 0.0135, which signifies that the company had a 0.0135% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Cimentas Izmir Cimento, which you can use to evaluate the volatility of the firm. Please confirm Cimentas Izmir's Mean Deviation of 2.59, standard deviation of 3.58, and insignificant Risk Adjusted Performance to double-check if the risk estimate we provide is consistent with the expected return of 0.0477%. Cimentas Izmir has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cimentas Izmir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cimentas Izmir is expected to be smaller as well. Cimentas Izmir Cimento right now shows a risk of 3.52%. Please confirm Cimentas Izmir Cimento value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Cimentas Izmir Cimento will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Cimentas Izmir Cimento has virtually no predictability. Overlapping area represents the amount of predictability between Cimentas Izmir 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 Cimentas Izmir Cimento price movement. The serial correlation of 0.01 indicates that just 1.0% of current Cimentas Izmir price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 143.54 |
Cimentas Izmir Cimento lagged returns against current returns
Autocorrelation, which is Cimentas Izmir 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 Cimentas Izmir's stock expected returns. We can calculate the autocorrelation of Cimentas Izmir returns to help us make a trade decision. For example, suppose you find that Cimentas Izmir 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 |
Cimentas Izmir 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 Cimentas Izmir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cimentas Izmir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cimentas Izmir stock over time.
Current vs Lagged Prices |
| Timeline |
Cimentas Izmir Lagged Returns
When evaluating Cimentas Izmir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cimentas Izmir stock have on its future price. Cimentas Izmir 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, Cimentas Izmir autocorrelation shows the relationship between Cimentas Izmir stock current value and its past values and can show if there is a momentum factor associated with investing in Cimentas Izmir Cimento.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Cimentas Stock
Cimentas Izmir financial ratios help investors to determine whether Cimentas 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 Cimentas with respect to the benefits of owning Cimentas Izmir security.