Koza Polyester's market value is the price at which a share of Koza Polyester trades on a public exchange. It measures the collective expectations of Koza Polyester Sanayi investors about its performance. Koza Polyester is trading at 6.34 as of the 20th of December 2024. This is a 1.77% up since the beginning of the trading day. The stock's open price was 6.23. With this module, you can estimate the performance of a buy and hold strategy of Koza Polyester Sanayi and determine expected loss or profit from investing in Koza Polyester over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Symbol
Koza
Koza Polyester '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 Koza Polyester'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 Koza Polyester.
0.00
11/20/2024
No Change 0.00
0.0
In 31 days
12/20/2024
0.00
If you would invest 0.00 in Koza Polyester on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Koza Polyester Sanayi or generate 0.0% return on investment in Koza Polyester over 30 days.
Koza Polyester 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 Koza Polyester'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 Koza Polyester Sanayi upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koza Polyester's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koza Polyester's standard deviation. In reality, there are many statistical measures that can use Koza Polyester historical prices to predict the future Koza Polyester's volatility.
Koza Polyester is slightly risky at the moment. Koza Polyester Sanayi has Sharpe Ratio of 0.0157, which conveys that the firm had a 0.0157% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Koza Polyester, which you can use to evaluate the volatility of the firm. Please verify Koza Polyester's Mean Deviation of 2.39, standard deviation of 3.38, and Risk Adjusted Performance of (0.06) to check out if the risk estimate we provide is consistent with the expected return of 0.0481%. Koza Polyester has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.86, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Koza Polyester are expected to decrease slowly. On the other hand, during market turmoil, Koza Polyester is expected to outperform it slightly. Koza Polyester Sanayi right now secures a risk of 3.06%. Please verify Koza Polyester Sanayi potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Koza Polyester Sanayi will be following its current price movements.
Auto-correlation
0.71
Good predictability
Koza Polyester Sanayi has good predictability. Overlapping area represents the amount of predictability between Koza Polyester time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Koza Polyester Sanayi price movement. The serial correlation of 0.71 indicates that around 71.0% of current Koza Polyester price fluctuation can be explain by its past prices.
Correlation Coefficient
0.71
Spearman Rank Test
0.48
Residual Average
0.0
Price Variance
0.04
Koza Polyester Sanayi lagged returns against current returns
Autocorrelation, which is Koza Polyester 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 Koza Polyester's stock expected returns. We can calculate the autocorrelation of Koza Polyester returns to help us make a trade decision. For example, suppose you find that Koza Polyester 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
Koza Polyester 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 Koza Polyester stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koza Polyester stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koza Polyester stock over time.
Current vs Lagged Prices
Timeline
Koza Polyester Lagged Returns
When evaluating Koza Polyester's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koza Polyester stock have on its future price. Koza Polyester 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, Koza Polyester autocorrelation shows the relationship between Koza Polyester stock current value and its past values and can show if there is a momentum factor associated with investing in Koza Polyester Sanayi.
Regressed Prices
Timeline
Thematic Opportunities
Explore Investment Opportunities
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