Frigo Pak (Turkey) Market Value

FRIGO Stock  TRY 8.11  0.03  0.37%   
Frigo Pak's market value is the price at which a share of Frigo Pak trades on a public exchange. It measures the collective expectations of Frigo Pak Gida Maddeleri investors about its performance. Frigo Pak is trading at 8.11 as of the 4th of December 2024. This is a 0.37 percent down since the beginning of the trading day. The stock's open price was 8.14.
With this module, you can estimate the performance of a buy and hold strategy of Frigo Pak Gida Maddeleri and determine expected loss or profit from investing in Frigo Pak over a given investment horizon. Check out Frigo Pak Correlation, Frigo Pak Volatility and Frigo Pak Alpha and Beta module to complement your research on Frigo Pak.
Symbol

Please note, there is a significant difference between Frigo Pak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Frigo Pak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Frigo Pak'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.

Frigo Pak '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 Frigo Pak'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 Frigo Pak.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Frigo Pak on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Frigo Pak Gida Maddeleri or generate 0.0% return on investment in Frigo Pak over 60 days. Frigo Pak is related to or competes with Pamel Yenilenebilir, Yesil Yatirim, and Kent Gida. Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S More

Frigo Pak 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 Frigo Pak'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 Frigo Pak Gida Maddeleri upside and downside potential and time the market with a certain degree of confidence.

Frigo Pak Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Frigo Pak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Frigo Pak's standard deviation. In reality, there are many statistical measures that can use Frigo Pak historical prices to predict the future Frigo Pak's volatility.
Hype
Prediction
LowEstimatedHigh
5.538.1110.69
Details
Intrinsic
Valuation
LowRealHigh
4.106.689.26
Details
Naive
Forecast
LowNextHigh
5.097.6710.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.978.188.39
Details

Frigo Pak Gida Backtested Returns

Frigo Pak is somewhat reliable at the moment. Frigo Pak Gida secures Sharpe Ratio (or Efficiency) of 0.0479, which denotes the company had a 0.0479% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Frigo Pak Gida Maddeleri, which you can use to evaluate the volatility of the firm. Please confirm Frigo Pak's Downside Deviation of 2.77, mean deviation of 1.95, and Coefficient Of Variation of 1108.17 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Frigo Pak has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Frigo Pak are expected to decrease at a much lower rate. During the bear market, Frigo Pak is likely to outperform the market. Frigo Pak Gida right now shows a risk of 2.58%. Please confirm Frigo Pak Gida potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Frigo Pak Gida will be following its price patterns.

Auto-correlation

    
  -0.57  

Good reverse predictability

Frigo Pak Gida Maddeleri has good reverse predictability. Overlapping area represents the amount of predictability between Frigo Pak time series from 5th of October 2024 to 4th of November 2024 and 4th 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 Frigo Pak Gida price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Frigo Pak price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.06

Frigo Pak Gida lagged returns against current returns

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

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

Frigo Pak Lagged Returns

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

Thematic Opportunities

Explore Investment Opportunities

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Other Information on Investing in Frigo Stock

Frigo Pak financial ratios help investors to determine whether Frigo 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 Frigo with respect to the benefits of owning Frigo Pak security.