Turk Tuborg (Turkey) Market Value
| TBORG Stock | TRY 144.00 1.70 1.17% |
| Symbol | Turk |
Turk Tuborg '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 Turk Tuborg'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 Turk Tuborg.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Turk Tuborg on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Turk Tuborg Bira or generate 0.0% return on investment in Turk Tuborg over 720 days. Turk Tuborg is related to or competes with Trabzon Liman, Bayrak EBT, Alkim Kagit, Federal Mogul, Atlas Menkul, Kartonsan Karton, and Cemtas Celik. Trk Tuborg Bira ve Malt Sanayii A.S. engages in the production, marketing, sale, and distribution of beer and malt in Tu... More
Turk Tuborg 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 Turk Tuborg'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 Turk Tuborg Bira upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.0119 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 7.11 |
Turk Tuborg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turk Tuborg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turk Tuborg's standard deviation. In reality, there are many statistical measures that can use Turk Tuborg historical prices to predict the future Turk Tuborg's volatility.| Risk Adjusted Performance | 0.0242 | |||
| Jensen Alpha | 0.0626 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.4608 |
Turk Tuborg Bira Backtested Returns
Turk Tuborg is very steady at the moment. Turk Tuborg Bira owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0237, which indicates the firm had a 0.0237% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Turk Tuborg Bira, which you can use to evaluate the volatility of the company. Please validate Turk Tuborg's Risk Adjusted Performance of 0.0242, coefficient of variation of 4826.9, and Semi Deviation of 3.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.0766%. Turk Tuborg has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Turk Tuborg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Turk Tuborg is expected to be smaller as well. Turk Tuborg Bira right now has a risk of 3.23%. Please validate Turk Tuborg potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Turk Tuborg will be following its existing price patterns.
Auto-correlation | 0.86 |
Very good predictability
Turk Tuborg Bira has very good predictability. Overlapping area represents the amount of predictability between Turk Tuborg time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Turk Tuborg Bira price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Turk Tuborg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 521.01 |
Turk Tuborg Bira lagged returns against current returns
Autocorrelation, which is Turk Tuborg 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 Turk Tuborg's stock expected returns. We can calculate the autocorrelation of Turk Tuborg returns to help us make a trade decision. For example, suppose you find that Turk Tuborg 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 |
Turk Tuborg 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 Turk Tuborg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turk Tuborg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turk Tuborg stock over time.
Current vs Lagged Prices |
| Timeline |
Turk Tuborg Lagged Returns
When evaluating Turk Tuborg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turk Tuborg stock have on its future price. Turk Tuborg 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, Turk Tuborg autocorrelation shows the relationship between Turk Tuborg stock current value and its past values and can show if there is a momentum factor associated with investing in Turk Tuborg Bira.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Turk Stock
Turk Tuborg financial ratios help investors to determine whether Turk 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 Turk with respect to the benefits of owning Turk Tuborg security.