Euro Trend (Turkey) Market Value
| ETYAT Stock | TRY 12.20 0.56 4.39% |
| Symbol | Euro |
Euro Trend '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 Euro Trend'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 Euro Trend.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Euro Trend on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Euro Trend Yatirim or generate 0.0% return on investment in Euro Trend over 30 days. Euro Trend is related to or competes with Verusa Holding, Hedef Holdings, GSD Holding, Verusaturk Girisim, Unlu Yatirim, Yesil Yatirim, and Hedef Girisim. Euro Trend Yatirim Ortakligi A.S. engages in the creation and management of partnership portfolios More
Euro Trend 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 Euro Trend'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 Euro Trend Yatirim upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 6.61 |
Euro Trend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euro Trend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euro Trend's standard deviation. In reality, there are many statistical measures that can use Euro Trend historical prices to predict the future Euro Trend's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Euro Trend'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.
Euro Trend Yatirim Backtested Returns
Euro Trend is not too volatile at the moment. Euro Trend Yatirim secures Sharpe Ratio (or Efficiency) of 0.0148, which denotes the company had a 0.0148% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Euro Trend Yatirim, which you can use to evaluate the volatility of the firm. Please confirm Euro Trend's Mean Deviation of 2.04, variance of 8.14, and Standard Deviation of 2.85 to check if the risk estimate we provide is consistent with the expected return of 0.041%. Euro Trend has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Euro Trend's returns are expected to increase less than the market. However, during the bear market, the loss of holding Euro Trend is expected to be smaller as well. Euro Trend Yatirim right now shows a risk of 2.77%. Please confirm Euro Trend Yatirim total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Euro Trend Yatirim will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Euro Trend Yatirim has very good reverse predictability. Overlapping area represents the amount of predictability between Euro Trend time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Euro Trend Yatirim price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Euro Trend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Euro Trend Yatirim lagged returns against current returns
Autocorrelation, which is Euro Trend 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 Euro Trend's stock expected returns. We can calculate the autocorrelation of Euro Trend returns to help us make a trade decision. For example, suppose you find that Euro Trend 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 |
Euro Trend 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 Euro Trend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euro Trend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euro Trend stock over time.
Current vs Lagged Prices |
| Timeline |
Euro Trend Lagged Returns
When evaluating Euro Trend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euro Trend stock have on its future price. Euro Trend 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, Euro Trend autocorrelation shows the relationship between Euro Trend stock current value and its past values and can show if there is a momentum factor associated with investing in Euro Trend Yatirim.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Euro Stock
Euro Trend financial ratios help investors to determine whether Euro 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 Euro with respect to the benefits of owning Euro Trend security.