Nigbas Nigde (Turkey) Market Value
| NIBAS Stock | TRY 19.10 0.36 1.85% |
| Symbol | Nigbas |
Nigbas Nigde '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 Nigbas Nigde'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 Nigbas Nigde.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Nigbas Nigde on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Nigbas Nigde Beton or generate 0.0% return on investment in Nigbas Nigde over 90 days. Nigbas Nigde is related to or competes with Koza Anadolu, Bms Birlesik, Politeknik Metal, Galatasaray Sportif, Trabzonspor Sportif, and Turkiye Kalkinma. Nigbas Nigde Beton Sanayi Ve Ticaret A.S More
Nigbas Nigde 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 Nigbas Nigde'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 Nigbas Nigde Beton upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0674 | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 9.97 |
Nigbas Nigde Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nigbas Nigde's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nigbas Nigde's standard deviation. In reality, there are many statistical measures that can use Nigbas Nigde historical prices to predict the future Nigbas Nigde's volatility.| Risk Adjusted Performance | 0.0765 | |||
| Jensen Alpha | 0.5712 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.1032 | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nigbas Nigde'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.
Nigbas Nigde Beton Backtested Returns
Nigbas Nigde appears to be somewhat reliable, given 3 months investment horizon. Nigbas Nigde Beton has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing Nigbas Nigde's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Nigbas Nigde's Downside Deviation of 3.03, risk adjusted performance of 0.0765, and Mean Deviation of 3.41 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nigbas Nigde holds a performance score of 9. The company secures a Beta (Market Risk) of -1.26, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nigbas Nigde are expected to decrease by larger amounts. On the other hand, during market turmoil, Nigbas Nigde is expected to outperform it. Please check Nigbas Nigde's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Nigbas Nigde's current price movements will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Nigbas Nigde Beton has poor reverse predictability. Overlapping area represents the amount of predictability between Nigbas Nigde time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 Nigbas Nigde Beton price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Nigbas Nigde price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Nigbas Nigde Beton lagged returns against current returns
Autocorrelation, which is Nigbas Nigde 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 Nigbas Nigde's stock expected returns. We can calculate the autocorrelation of Nigbas Nigde returns to help us make a trade decision. For example, suppose you find that Nigbas Nigde 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 |
Nigbas Nigde 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 Nigbas Nigde stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nigbas Nigde stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nigbas Nigde stock over time.
Current vs Lagged Prices |
| Timeline |
Nigbas Nigde Lagged Returns
When evaluating Nigbas Nigde's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nigbas Nigde stock have on its future price. Nigbas Nigde 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, Nigbas Nigde autocorrelation shows the relationship between Nigbas Nigde stock current value and its past values and can show if there is a momentum factor associated with investing in Nigbas Nigde Beton.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nigbas Stock
Nigbas Nigde financial ratios help investors to determine whether Nigbas 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 Nigbas with respect to the benefits of owning Nigbas Nigde security.