Deva Holding (Turkey) Market Value
| DEVA Stock | TRY 70.05 0.70 1.01% |
| Symbol | Deva |
Deva Holding '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 Deva Holding'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 Deva Holding.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Deva Holding on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Deva Holding AS or generate 0.0% return on investment in Deva Holding over 720 days. Deva Holding is related to or competes with Alkim Alkali, EIS Eczacibasi, Arcelik AS, BIM Birlesik, and Vestel Elektronik. Deva Holding A.S. manufactures and sells pharmaceutical products in Turkey More
Deva Holding 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 Deva Holding'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 Deva Holding AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.16 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.18 |
Deva Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deva Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deva Holding's standard deviation. In reality, there are many statistical measures that can use Deva Holding historical prices to predict the future Deva Holding's volatility.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0651 |
Deva Holding AS Backtested Returns
Currently, Deva Holding AS is very steady. Deva Holding AS secures Sharpe Ratio (or Efficiency) of 0.0319, which denotes the company had a 0.0319% return per unit of risk over the last 3 months. We have found thirty technical indicators for Deva Holding AS, which you can use to evaluate the volatility of the firm. Please confirm Deva Holding's Downside Deviation of 1.69, coefficient of variation of 4396.92, and Mean Deviation of 1.38 to check if the risk estimate we provide is consistent with the expected return of 0.0582%. Deva Holding has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Deva Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Deva Holding is expected to be smaller as well. Deva Holding AS right now shows a risk of 1.83%. Please confirm Deva Holding AS sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Deva Holding AS will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Deva Holding AS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Deva Holding time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 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 Deva Holding AS price movement. The serial correlation of -0.71 indicates that around 71.0% of current Deva Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 64.0 |
Deva Holding AS lagged returns against current returns
Autocorrelation, which is Deva Holding 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 Deva Holding's stock expected returns. We can calculate the autocorrelation of Deva Holding returns to help us make a trade decision. For example, suppose you find that Deva Holding 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 |
Deva Holding 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 Deva Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deva Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deva Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Deva Holding Lagged Returns
When evaluating Deva Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deva Holding stock have on its future price. Deva Holding 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, Deva Holding autocorrelation shows the relationship between Deva Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Deva Holding AS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Deva Stock Analysis
When running Deva Holding's price analysis, check to measure Deva Holding'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 Deva Holding is operating at the current time. Most of Deva Holding's value examination focuses on studying past and present price action to predict the probability of Deva Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deva Holding's price. Additionally, you may evaluate how the addition of Deva Holding to your portfolios can decrease your overall portfolio volatility.