Zorlu Enerji (Turkey) Market Value
| ZOREN Stock | TRY 4.37 0.07 1.58% |
| Symbol | Zorlu |
Zorlu Enerji '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 Zorlu Enerji'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 Zorlu Enerji.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Zorlu Enerji on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Zorlu Enerji Elektrik or generate 0.0% return on investment in Zorlu Enerji over 30 days. Zorlu Enerji is related to or competes with Turkiye Petrol, Aksa Akrilik, Arcelik AS, Tofas Turk, and Ford Otomotiv. Zorlu Enerji Elektrik retim A.S., together with its subsidiaries, engages in establishing, renting, and operating electr... More
Zorlu Enerji 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 Zorlu Enerji'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 Zorlu Enerji Elektrik upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 7.19 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.59 |
Zorlu Enerji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zorlu Enerji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zorlu Enerji's standard deviation. In reality, there are many statistical measures that can use Zorlu Enerji historical prices to predict the future Zorlu Enerji's volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.3916 |
Zorlu Enerji Elektrik Backtested Returns
Zorlu Enerji is slightly risky at the moment. Zorlu Enerji Elektrik shows Sharpe Ratio of 0.0082, which attests that the company had a 0.0082% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Zorlu Enerji Elektrik, which you can use to evaluate the volatility of the company. Please check out Zorlu Enerji's Market Risk Adjusted Performance of 0.4016, mean deviation of 1.32, and Standard Deviation of 1.66 to validate if the risk estimate we provide is consistent with the expected return of 0.0138%. The firm maintains a market beta of -0.0347, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zorlu Enerji are expected to decrease at a much lower rate. During the bear market, Zorlu Enerji is likely to outperform the market. Zorlu Enerji Elektrik right now maintains a risk of 1.67%. Please check out Zorlu Enerji Elektrik value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Zorlu Enerji Elektrik will be following its historical returns.
Auto-correlation | 0.18 |
Very weak predictability
Zorlu Enerji Elektrik has very weak predictability. Overlapping area represents the amount of predictability between Zorlu Enerji time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 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 Zorlu Enerji Elektrik price movement. The serial correlation of 0.18 indicates that over 18.0% of current Zorlu Enerji price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Zorlu Enerji Elektrik lagged returns against current returns
Autocorrelation, which is Zorlu Enerji 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 Zorlu Enerji's stock expected returns. We can calculate the autocorrelation of Zorlu Enerji returns to help us make a trade decision. For example, suppose you find that Zorlu Enerji 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 |
Zorlu Enerji 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 Zorlu Enerji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zorlu Enerji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zorlu Enerji stock over time.
Current vs Lagged Prices |
| Timeline |
Zorlu Enerji Lagged Returns
When evaluating Zorlu Enerji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zorlu Enerji stock have on its future price. Zorlu Enerji 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, Zorlu Enerji autocorrelation shows the relationship between Zorlu Enerji stock current value and its past values and can show if there is a momentum factor associated with investing in Zorlu Enerji Elektrik.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Zorlu Stock
Zorlu Enerji financial ratios help investors to determine whether Zorlu 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 Zorlu with respect to the benefits of owning Zorlu Enerji security.