Seyitler Kimya (Turkey) Market Value
| SEYKM Stock | TRY 3.36 0.06 1.75% |
| Symbol | Seyitler |
Seyitler Kimya '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 Seyitler Kimya'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 Seyitler Kimya.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Seyitler Kimya on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Seyitler Kimya Sanayi or generate 0.0% return on investment in Seyitler Kimya over 30 days. Seyitler Kimya is related to or competes with Senkron Guvenlik, Pamel Yenilenebilir, Petrokent Turizm, Bosch Fren, Yesil Yatirim, Kent Gida, and Burcelik Vana. Seyitler Kimya Sanayi A.S. manufactures and sells medical adhesive and surgical tapes, wound dressings, first aid plaste... More
Seyitler Kimya 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 Seyitler Kimya'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 Seyitler Kimya Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.88 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 4.18 |
Seyitler Kimya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seyitler Kimya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seyitler Kimya's standard deviation. In reality, there are many statistical measures that can use Seyitler Kimya historical prices to predict the future Seyitler Kimya's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (4.51) |
Seyitler Kimya Sanayi Backtested Returns
Seyitler Kimya Sanayi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Seyitler Kimya Sanayi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seyitler Kimya's Risk Adjusted Performance of (0.11), variance of 9.31, and Coefficient Of Variation of (660.91) to confirm the risk estimate we provide. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Seyitler Kimya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Seyitler Kimya is expected to be smaller as well. At this point, Seyitler Kimya Sanayi has a negative expected return of -0.5%. Please make sure to validate Seyitler Kimya's skewness, day median price, as well as the relationship between the Day Median Price and relative strength index , to decide if Seyitler Kimya Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Seyitler Kimya Sanayi has weak predictability. Overlapping area represents the amount of predictability between Seyitler Kimya time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Seyitler Kimya Sanayi price movement. The serial correlation of 0.24 indicates that over 24.0% of current Seyitler Kimya price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Seyitler Kimya Sanayi lagged returns against current returns
Autocorrelation, which is Seyitler Kimya 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 Seyitler Kimya's stock expected returns. We can calculate the autocorrelation of Seyitler Kimya returns to help us make a trade decision. For example, suppose you find that Seyitler Kimya 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 |
Seyitler Kimya 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 Seyitler Kimya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seyitler Kimya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seyitler Kimya stock over time.
Current vs Lagged Prices |
| Timeline |
Seyitler Kimya Lagged Returns
When evaluating Seyitler Kimya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seyitler Kimya stock have on its future price. Seyitler Kimya 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, Seyitler Kimya autocorrelation shows the relationship between Seyitler Kimya stock current value and its past values and can show if there is a momentum factor associated with investing in Seyitler Kimya Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Seyitler Stock
Seyitler Kimya financial ratios help investors to determine whether Seyitler 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 Seyitler with respect to the benefits of owning Seyitler Kimya security.