Nasmed Ozel (Turkey) Market Value
| EGEPO Stock | 26.30 0.82 3.02% |
| Symbol | Nasmed |
Nasmed Ozel '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 Nasmed Ozel'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 Nasmed Ozel.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Nasmed Ozel on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Nasmed Ozel Saglik or generate 0.0% return on investment in Nasmed Ozel over 30 days. Nasmed Ozel is related to or competes with SASA Polyester, Turkish Airlines, Koc Holding, Ford Otomotiv, ENKA Insaat, Turkiye Petrol, and Eregli Demir. More
Nasmed Ozel 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 Nasmed Ozel'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 Nasmed Ozel Saglik upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.1603 | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 4.88 |
Nasmed Ozel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasmed Ozel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasmed Ozel's standard deviation. In reality, there are many statistical measures that can use Nasmed Ozel historical prices to predict the future Nasmed Ozel's volatility.| Risk Adjusted Performance | 0.1444 | |||
| Jensen Alpha | 0.4184 | |||
| Total Risk Alpha | 0.3366 | |||
| Sortino Ratio | 0.1775 | |||
| Treynor Ratio | (0.59) |
Nasmed Ozel Saglik Backtested Returns
Nasmed Ozel appears to be not too volatile, given 3 months investment horizon. Nasmed Ozel Saglik has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nasmed Ozel, which you can use to evaluate the volatility of the firm. Please exercise Nasmed Ozel's Downside Deviation of 2.15, risk adjusted performance of 0.1444, and Mean Deviation of 1.76 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nasmed Ozel holds a performance score of 11. The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nasmed Ozel are expected to decrease at a much lower rate. During the bear market, Nasmed Ozel is likely to outperform the market. Please check Nasmed Ozel's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Nasmed Ozel's current price movements will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Nasmed Ozel Saglik has weak reverse predictability. Overlapping area represents the amount of predictability between Nasmed Ozel time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Nasmed Ozel Saglik price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Nasmed Ozel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Nasmed Ozel Saglik lagged returns against current returns
Autocorrelation, which is Nasmed Ozel 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 Nasmed Ozel's stock expected returns. We can calculate the autocorrelation of Nasmed Ozel returns to help us make a trade decision. For example, suppose you find that Nasmed Ozel 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 |
Nasmed Ozel 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 Nasmed Ozel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasmed Ozel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nasmed Ozel stock over time.
Current vs Lagged Prices |
| Timeline |
Nasmed Ozel Lagged Returns
When evaluating Nasmed Ozel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasmed Ozel stock have on its future price. Nasmed Ozel 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, Nasmed Ozel autocorrelation shows the relationship between Nasmed Ozel stock current value and its past values and can show if there is a momentum factor associated with investing in Nasmed Ozel Saglik.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nasmed Stock
Nasmed Ozel financial ratios help investors to determine whether Nasmed 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 Nasmed with respect to the benefits of owning Nasmed Ozel security.