Cemtas Celik (Turkey) Market Value
| CEMTS Stock | TRY 11.00 0.14 1.26% |
| Symbol | Cemtas |
Cemtas Celik '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 Cemtas Celik'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 Cemtas Celik.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Cemtas Celik on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Cemtas Celik Makina or generate 0.0% return on investment in Cemtas Celik over 30 days. Cemtas Celik is related to or competes with ICBC Turkey, Cuhadaroglu Metal, Akcansa Cimento, Turkish Airlines, and E Data. emtas elik Makina Sanayi ve Ticaret A.S. engages in the production and sale of steel products in Turkey More
Cemtas Celik 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 Cemtas Celik'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 Cemtas Celik Makina upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 4.44 |
Cemtas Celik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cemtas Celik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cemtas Celik's standard deviation. In reality, there are many statistical measures that can use Cemtas Celik historical prices to predict the future Cemtas Celik's volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.1155 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cemtas Celik'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.
Cemtas Celik Makina Backtested Returns
Cemtas Celik Makina secures Sharpe Ratio (or Efficiency) of -0.0071, which signifies that the company had a -0.0071% return per unit of risk over the last 3 months. Cemtas Celik Makina exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cemtas Celik's Mean Deviation of 2.34, standard deviation of 3.13, and Risk Adjusted Performance of 0.0035 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cemtas Celik are expected to decrease at a much lower rate. During the bear market, Cemtas Celik is likely to outperform the market. Cemtas Celik Makina has an expected return of -0.0223%. Please make sure to confirm Cemtas Celik Makina standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Cemtas Celik Makina performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Cemtas Celik Makina has excellent predictability. Overlapping area represents the amount of predictability between Cemtas Celik time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Cemtas Celik Makina price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Cemtas Celik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Cemtas Celik Makina lagged returns against current returns
Autocorrelation, which is Cemtas Celik 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 Cemtas Celik's stock expected returns. We can calculate the autocorrelation of Cemtas Celik returns to help us make a trade decision. For example, suppose you find that Cemtas Celik 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 |
Cemtas Celik 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 Cemtas Celik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cemtas Celik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cemtas Celik stock over time.
Current vs Lagged Prices |
| Timeline |
Cemtas Celik Lagged Returns
When evaluating Cemtas Celik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cemtas Celik stock have on its future price. Cemtas Celik 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, Cemtas Celik autocorrelation shows the relationship between Cemtas Celik stock current value and its past values and can show if there is a momentum factor associated with investing in Cemtas Celik Makina.
Regressed Prices |
| Timeline |
Pair Trading with Cemtas Celik
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cemtas Celik position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cemtas Celik will appreciate offsetting losses from the drop in the long position's value.Moving together with Cemtas Stock
| 0.92 | ISDMR | Iskenderun Demir | PairCorr |
Moving against Cemtas Stock
| 0.8 | QNBFL | QNB Finans Finansal Split | PairCorr |
The ability to find closely correlated positions to Cemtas Celik could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cemtas Celik when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cemtas Celik - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cemtas Celik Makina to buy it.
The correlation of Cemtas Celik is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cemtas Celik moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cemtas Celik Makina moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cemtas Celik can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cemtas Celik Correlation, Cemtas Celik Volatility and Cemtas Celik Alpha and Beta module to complement your research on Cemtas Celik. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Cemtas Stock analysis
When running Cemtas Celik's price analysis, check to measure Cemtas Celik's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cemtas Celik is operating at the current time. Most of Cemtas Celik's value examination focuses on studying past and present price action to predict the probability of Cemtas Celik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cemtas Celik's price. Additionally, you may evaluate how the addition of Cemtas Celik to your portfolios can decrease your overall portfolio volatility.
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Cemtas Celik technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.