Cimsa Cimento (Turkey) Market Value
| CIMSA Stock | TRY 31.94 0.40 1.24% |
| Symbol | Cimsa |
Cimsa Cimento '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 Cimsa Cimento'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 Cimsa Cimento.
| 02/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Cimsa Cimento on February 2, 2024 and sell it all today you would earn a total of 0.00 from holding Cimsa Cimento Sanayi or generate 0.0% return on investment in Cimsa Cimento over 90 days. Cimsa Cimento is related to or competes with Vestel Elektronik, Creditwest Faktoring, Anatolia Tani, Umpas Holding, Turk Tuborg, Pergamon Status, and Turk Telekomunikasyon. imsa imento Sanayi ve Ticaret Anonim Sirketi produces and sells cement, clinker, and ready mix concrete in Turkey More
Cimsa Cimento 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 Cimsa Cimento'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 Cimsa Cimento Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0355 | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.27 |
Cimsa Cimento Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cimsa Cimento's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cimsa Cimento's standard deviation. In reality, there are many statistical measures that can use Cimsa Cimento historical prices to predict the future Cimsa Cimento's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.1568 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0416 | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cimsa Cimento'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.
Cimsa Cimento Sanayi Backtested Returns
Cimsa Cimento Sanayi secures Sharpe Ratio (or Efficiency) of -0.0364, which signifies that the company had a -0.0364% return per unit of risk over the last 3 months. Cimsa Cimento Sanayi exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cimsa Cimento's Downside Deviation of 2.19, mean deviation of 2.01, and Risk Adjusted Performance of 0.0451 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cimsa Cimento are expected to decrease at a much lower rate. During the bear market, Cimsa Cimento is likely to outperform the market. Cimsa Cimento Sanayi has an expected return of -0.086%. Please make sure to confirm Cimsa Cimento Sanayi jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Cimsa Cimento Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Cimsa Cimento Sanayi has poor reverse predictability. Overlapping area represents the amount of predictability between Cimsa Cimento time series from 2nd of February 2024 to 18th of March 2024 and 18th of March 2024 to 2nd 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 Cimsa Cimento Sanayi price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Cimsa Cimento price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Cimsa Cimento Sanayi lagged returns against current returns
Autocorrelation, which is Cimsa Cimento 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 Cimsa Cimento's stock expected returns. We can calculate the autocorrelation of Cimsa Cimento returns to help us make a trade decision. For example, suppose you find that Cimsa Cimento 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 |
Cimsa Cimento 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 Cimsa Cimento stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cimsa Cimento stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cimsa Cimento stock over time.
Current vs Lagged Prices |
| Timeline |
Cimsa Cimento Lagged Returns
When evaluating Cimsa Cimento's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cimsa Cimento stock have on its future price. Cimsa Cimento 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, Cimsa Cimento autocorrelation shows the relationship between Cimsa Cimento stock current value and its past values and can show if there is a momentum factor associated with investing in Cimsa Cimento Sanayi.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cimsa Cimento in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cimsa Cimento's short interest history, or implied volatility extrapolated from Cimsa Cimento options trading.
Pair Trading with Cimsa Cimento
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 Cimsa Cimento 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 Cimsa Cimento will appreciate offsetting losses from the drop in the long position's value.Moving against Cimsa Stock
| 0.69 | TSGYO | TSKB Gayrimenkul Yatirim | PairCorr |
| 0.48 | TLMAN | Trabzon Liman Isletm | PairCorr |
The ability to find closely correlated positions to Cimsa Cimento could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cimsa Cimento 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 Cimsa Cimento - 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 Cimsa Cimento Sanayi to buy it.
The correlation of Cimsa Cimento 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 Cimsa Cimento moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cimsa Cimento Sanayi 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 Cimsa Cimento 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 Cimsa Cimento Correlation, Cimsa Cimento Volatility and Cimsa Cimento Alpha and Beta module to complement your research on Cimsa Cimento. Note that the Cimsa Cimento Sanayi information on this page should be used as a complementary analysis to other Cimsa Cimento's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Cimsa Stock analysis
When running Cimsa Cimento's price analysis, check to measure Cimsa Cimento'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 Cimsa Cimento is operating at the current time. Most of Cimsa Cimento's value examination focuses on studying past and present price action to predict the probability of Cimsa Cimento's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cimsa Cimento's price. Additionally, you may evaluate how the addition of Cimsa Cimento to your portfolios can decrease your overall portfolio volatility.
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Cimsa Cimento 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.