Turkiye Kalkinma (Turkey) Market Value
| KLNMA Stock | TRY 15.12 0.22 1.48% |
| Symbol | Turkiye |
Turkiye Kalkinma '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 Turkiye Kalkinma'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 Turkiye Kalkinma.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Turkiye Kalkinma on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Turkiye Kalkinma Bankasi or generate 0.0% return on investment in Turkiye Kalkinma over 30 days. Turkiye Kalkinma is related to or competes with Qnb Finansbank, Turkiye Vakiflar, Turkiye Halk, Turkiye Sinai, and ENKA Insaat. Trkiye Kalkinma ve Yatirim Bankasi A.S. operates as a development and investment bank in Turkey More
Turkiye Kalkinma 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 Turkiye Kalkinma'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 Turkiye Kalkinma Bankasi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Maximum Drawdown | 15.22 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.11 |
Turkiye Kalkinma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turkiye Kalkinma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turkiye Kalkinma's standard deviation. In reality, there are many statistical measures that can use Turkiye Kalkinma historical prices to predict the future Turkiye Kalkinma's volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.417 |
Turkiye Kalkinma Bankasi Backtested Returns
Turkiye Kalkinma Bankasi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Turkiye Kalkinma Bankasi exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Turkiye Kalkinma's Coefficient Of Variation of 2005.39, risk adjusted performance of 0.0452, and Semi Deviation of 1.73 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Turkiye Kalkinma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Turkiye Kalkinma is expected to be smaller as well. At this point, Turkiye Kalkinma Bankasi has a negative expected return of -0.22%. Please make sure to validate Turkiye Kalkinma's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Turkiye Kalkinma Bankasi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Turkiye Kalkinma Bankasi has insignificant predictability. Overlapping area represents the amount of predictability between Turkiye Kalkinma time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Turkiye Kalkinma Bankasi price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Turkiye Kalkinma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Turkiye Kalkinma Bankasi lagged returns against current returns
Autocorrelation, which is Turkiye Kalkinma 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 Turkiye Kalkinma's stock expected returns. We can calculate the autocorrelation of Turkiye Kalkinma returns to help us make a trade decision. For example, suppose you find that Turkiye Kalkinma 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 |
Turkiye Kalkinma 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 Turkiye Kalkinma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turkiye Kalkinma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turkiye Kalkinma stock over time.
Current vs Lagged Prices |
| Timeline |
Turkiye Kalkinma Lagged Returns
When evaluating Turkiye Kalkinma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turkiye Kalkinma stock have on its future price. Turkiye Kalkinma 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, Turkiye Kalkinma autocorrelation shows the relationship between Turkiye Kalkinma stock current value and its past values and can show if there is a momentum factor associated with investing in Turkiye Kalkinma Bankasi.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Turkiye Stock
Turkiye Kalkinma financial ratios help investors to determine whether Turkiye 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 Turkiye with respect to the benefits of owning Turkiye Kalkinma security.