Derimod Konfeksiyon (Turkey) Market Value

DERIM Stock  TRY 33.54  0.60  1.76%   
Derimod Konfeksiyon's market value is the price at which a share of Derimod Konfeksiyon trades on a public exchange. It measures the collective expectations of Derimod Konfeksiyon Ayakkabi investors about its performance. Derimod Konfeksiyon is trading at 33.54 as of the 22nd of December 2024. This is a 1.76 percent down since the beginning of the trading day. The stock's open price was 34.14.
With this module, you can estimate the performance of a buy and hold strategy of Derimod Konfeksiyon Ayakkabi and determine expected loss or profit from investing in Derimod Konfeksiyon over a given investment horizon. Check out Derimod Konfeksiyon Correlation, Derimod Konfeksiyon Volatility and Derimod Konfeksiyon Alpha and Beta module to complement your research on Derimod Konfeksiyon.
Symbol

Please note, there is a significant difference between Derimod Konfeksiyon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Derimod Konfeksiyon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Derimod Konfeksiyon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Derimod Konfeksiyon '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 Derimod Konfeksiyon'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 Derimod Konfeksiyon.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Derimod Konfeksiyon on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Derimod Konfeksiyon Ayakkabi or generate 0.0% return on investment in Derimod Konfeksiyon over 720 days. Derimod Konfeksiyon is related to or competes with Ford Otomotiv, Tofas Turk, Hektas Ticaret, Eregli Demir, and Aksa Akrilik. Derimod Konfeksiyon Ayakkabi Deri Sanayi ve Ticaret A.S More

Derimod Konfeksiyon 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 Derimod Konfeksiyon'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 Derimod Konfeksiyon Ayakkabi upside and downside potential and time the market with a certain degree of confidence.

Derimod Konfeksiyon Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Derimod Konfeksiyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Derimod Konfeksiyon's standard deviation. In reality, there are many statistical measures that can use Derimod Konfeksiyon historical prices to predict the future Derimod Konfeksiyon's volatility.
Hype
Prediction
LowEstimatedHigh
30.5433.5436.54
Details
Intrinsic
Valuation
LowRealHigh
24.7527.7536.89
Details

Derimod Konfeksiyon Backtested Returns

Derimod Konfeksiyon is not too volatile at the moment. Derimod Konfeksiyon secures Sharpe Ratio (or Efficiency) of 0.0016, which denotes the company had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Derimod Konfeksiyon Ayakkabi, which you can use to evaluate the volatility of the firm. Please confirm Derimod Konfeksiyon's Coefficient Of Variation of 26072.84, mean deviation of 2.36, and Downside Deviation of 2.8 to check if the risk estimate we provide is consistent with the expected return of 0.0048%. The firm shows a Beta (market volatility) of -0.0805, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Derimod Konfeksiyon are expected to decrease at a much lower rate. During the bear market, Derimod Konfeksiyon is likely to outperform the market. Derimod Konfeksiyon right now shows a risk of 3.0%. Please confirm Derimod Konfeksiyon expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Derimod Konfeksiyon will be following its price patterns.

Auto-correlation

    
  0.15  

Insignificant predictability

Derimod Konfeksiyon Ayakkabi has insignificant predictability. Overlapping area represents the amount of predictability between Derimod Konfeksiyon time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 Derimod Konfeksiyon price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Derimod Konfeksiyon price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.27
Residual Average0.0
Price Variance102.09

Derimod Konfeksiyon lagged returns against current returns

Autocorrelation, which is Derimod Konfeksiyon 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 Derimod Konfeksiyon's stock expected returns. We can calculate the autocorrelation of Derimod Konfeksiyon returns to help us make a trade decision. For example, suppose you find that Derimod Konfeksiyon 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  

Derimod Konfeksiyon 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 Derimod Konfeksiyon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Derimod Konfeksiyon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Derimod Konfeksiyon stock over time.
   Current vs Lagged Prices   
       Timeline  

Derimod Konfeksiyon Lagged Returns

When evaluating Derimod Konfeksiyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Derimod Konfeksiyon stock have on its future price. Derimod Konfeksiyon 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, Derimod Konfeksiyon autocorrelation shows the relationship between Derimod Konfeksiyon stock current value and its past values and can show if there is a momentum factor associated with investing in Derimod Konfeksiyon Ayakkabi.
   Regressed Prices   
       Timeline  

Thematic Opportunities

Explore Investment Opportunities

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Other Information on Investing in Derimod Stock

Derimod Konfeksiyon financial ratios help investors to determine whether Derimod 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 Derimod with respect to the benefits of owning Derimod Konfeksiyon security.