Makina Takim (Turkey) Market Value
| MAKTK Stock | TRY 6.74 0.02 0.30% |
| Symbol | Makina |
Makina Takim '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 Makina Takim'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 Makina Takim.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Makina Takim on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Makina Takim Endustrisi or generate 0.0% return on investment in Makina Takim over 30 days. Makina Takim is related to or competes with Ege Endustri, Turkiye Petrol, Turkiye Garanti, and Ford Otomotiv. Makina Takim Endstrisi A.S. manufactures and sells cutting tools in Turkey More
Makina Takim 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 Makina Takim'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 Makina Takim Endustrisi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.54 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 3.45 |
Makina Takim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Makina Takim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Makina Takim's standard deviation. In reality, there are many statistical measures that can use Makina Takim historical prices to predict the future Makina Takim's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (1.38) |
Makina Takim Endustrisi Backtested Returns
Makina Takim is slightly risky at the moment. Makina Takim Endustrisi has Sharpe Ratio of 0.008, which conveys that the firm had a 0.008% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Makina Takim, which you can use to evaluate the volatility of the firm. Please verify Makina Takim's Mean Deviation of 1.91, standard deviation of 2.8, and Risk Adjusted Performance of (0.05) to check out if the risk estimate we provide is consistent with the expected return of 0.0205%. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Makina Takim's returns are expected to increase less than the market. However, during the bear market, the loss of holding Makina Takim is expected to be smaller as well. Makina Takim Endustrisi right now secures a risk of 2.57%. Please verify Makina Takim Endustrisi potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Makina Takim Endustrisi will be following its current price movements.
Auto-correlation | -0.34 |
Poor reverse predictability
Makina Takim Endustrisi has poor reverse predictability. Overlapping area represents the amount of predictability between Makina Takim 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 Makina Takim Endustrisi price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Makina Takim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Makina Takim Endustrisi lagged returns against current returns
Autocorrelation, which is Makina Takim 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 Makina Takim's stock expected returns. We can calculate the autocorrelation of Makina Takim returns to help us make a trade decision. For example, suppose you find that Makina Takim 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 |
Makina Takim 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 Makina Takim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Makina Takim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Makina Takim stock over time.
Current vs Lagged Prices |
| Timeline |
Makina Takim Lagged Returns
When evaluating Makina Takim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Makina Takim stock have on its future price. Makina Takim 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, Makina Takim autocorrelation shows the relationship between Makina Takim stock current value and its past values and can show if there is a momentum factor associated with investing in Makina Takim Endustrisi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Makina Stock
Makina Takim financial ratios help investors to determine whether Makina 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 Makina with respect to the benefits of owning Makina Takim security.