Kardemir Karabuk (Turkey) Market Value
| KRDMD Stock | TRY 28.26 1.10 3.75% |
| Symbol | Kardemir |
Kardemir Karabuk '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 Kardemir Karabuk'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 Kardemir Karabuk.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Kardemir Karabuk on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Kardemir Karabuk Demir or generate 0.0% return on investment in Kardemir Karabuk over 30 days. Kardemir Karabuk is related to or competes with Ayes Celik, Trend Gayrimenkul, Ege Endustri, Alarko Carrier, and Trabzon Liman. Kardemir Karabk Demir elik Sanayi Ve Ticaret A.S More
Kardemir Karabuk 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 Kardemir Karabuk'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 Kardemir Karabuk Demir upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.1105 | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 4.52 |
Kardemir Karabuk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kardemir Karabuk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kardemir Karabuk's standard deviation. In reality, there are many statistical measures that can use Kardemir Karabuk historical prices to predict the future Kardemir Karabuk's volatility.| Risk Adjusted Performance | 0.1248 | |||
| Jensen Alpha | 0.3084 | |||
| Total Risk Alpha | 0.0011 | |||
| Sortino Ratio | 0.1133 | |||
| Treynor Ratio | 0.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kardemir Karabuk'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.
Kardemir Karabuk Demir Backtested Returns
Kardemir Karabuk appears to be very steady, given 3 months investment horizon. Kardemir Karabuk Demir 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 twenty-nine technical indicators for Kardemir Karabuk, which you can use to evaluate the volatility of the firm. Please exercise Kardemir Karabuk's Risk Adjusted Performance of 0.1248, mean deviation of 1.89, and Downside Deviation of 2.3 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kardemir Karabuk holds a performance score of 12. The company secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kardemir Karabuk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kardemir Karabuk is expected to be smaller as well. Please check Kardemir Karabuk's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Kardemir Karabuk's current price movements will revert.
Auto-correlation | 0.49 |
Average predictability
Kardemir Karabuk Demir has average predictability. Overlapping area represents the amount of predictability between Kardemir Karabuk time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Kardemir Karabuk Demir price movement. The serial correlation of 0.49 indicates that about 49.0% of current Kardemir Karabuk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Kardemir Karabuk Demir lagged returns against current returns
Autocorrelation, which is Kardemir Karabuk 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 Kardemir Karabuk's stock expected returns. We can calculate the autocorrelation of Kardemir Karabuk returns to help us make a trade decision. For example, suppose you find that Kardemir Karabuk 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 |
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Kardemir Karabuk 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 Kardemir Karabuk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kardemir Karabuk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kardemir Karabuk stock over time.
Current vs Lagged Prices |
| Timeline |
Kardemir Karabuk Lagged Returns
When evaluating Kardemir Karabuk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kardemir Karabuk stock have on its future price. Kardemir Karabuk 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, Kardemir Karabuk autocorrelation shows the relationship between Kardemir Karabuk stock current value and its past values and can show if there is a momentum factor associated with investing in Kardemir Karabuk Demir.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Kardemir Stock
Kardemir Karabuk financial ratios help investors to determine whether Kardemir 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 Kardemir with respect to the benefits of owning Kardemir Karabuk security.