Celebi Hava (Turkey) Market Value
CLEBI Stock | TRY 1,846 52.00 2.90% |
Symbol | Celebi |
Celebi Hava '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 Celebi Hava'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 Celebi Hava.
11/08/2023 |
| 05/06/2024 |
If you would invest 0.00 in Celebi Hava on November 8, 2023 and sell it all today you would earn a total of 0.00 from holding Celebi Hava Servisi or generate 0.0% return on investment in Celebi Hava over 180 days. Celebi Hava is related to or competes with Turkiye Petrol, and Eregli Demir. elebi Hava Servisi A.S. provides ground handling services and fuel supplies to domestic and foreign airlines, and privat... More
Celebi Hava 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 Celebi Hava'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 Celebi Hava Servisi upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.6 | |||
Information Ratio | 0.2322 | |||
Maximum Drawdown | 19.98 | |||
Value At Risk | (4.40) | |||
Potential Upside | 9.14 |
Celebi Hava Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celebi Hava's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celebi Hava's standard deviation. In reality, there are many statistical measures that can use Celebi Hava historical prices to predict the future Celebi Hava's volatility.Risk Adjusted Performance | 0.1671 | |||
Jensen Alpha | 1.04 | |||
Total Risk Alpha | 0.5808 | |||
Sortino Ratio | 0.2699 | |||
Treynor Ratio | 19.35 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Celebi Hava'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.
Celebi Hava Servisi Backtested Returns
Celebi Hava is very steady given 3 months investment horizon. Celebi Hava Servisi secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use Celebi Hava Risk Adjusted Performance of 0.1671, mean deviation of 3.23, and Downside Deviation of 3.6 to evaluate company specific risk that cannot be diversified away. Celebi Hava holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0538, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Celebi Hava's returns are expected to increase less than the market. However, during the bear market, the loss of holding Celebi Hava is expected to be smaller as well. Use Celebi Hava jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to analyze future returns on Celebi Hava.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Celebi Hava Servisi has insignificant reverse predictability. Overlapping area represents the amount of predictability between Celebi Hava time series from 8th of November 2023 to 6th of February 2024 and 6th of February 2024 to 6th 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 Celebi Hava Servisi price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Celebi Hava price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.15 | |
Spearman Rank Test | -0.25 | |
Residual Average | 0.0 | |
Price Variance | 71.5 K |
Celebi Hava Servisi lagged returns against current returns
Autocorrelation, which is Celebi Hava 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 Celebi Hava's stock expected returns. We can calculate the autocorrelation of Celebi Hava returns to help us make a trade decision. For example, suppose you find that Celebi Hava 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 |
Celebi Hava 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 Celebi Hava stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celebi Hava stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celebi Hava stock over time.
Current vs Lagged Prices |
Timeline |
Celebi Hava Lagged Returns
When evaluating Celebi Hava's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celebi Hava stock have on its future price. Celebi Hava 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, Celebi Hava autocorrelation shows the relationship between Celebi Hava stock current value and its past values and can show if there is a momentum factor associated with investing in Celebi Hava Servisi.
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 Celebi Hava 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, Celebi Hava's short interest history, or implied volatility extrapolated from Celebi Hava options trading.
Pair Trading with Celebi Hava
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 Celebi Hava 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 Celebi Hava will appreciate offsetting losses from the drop in the long position's value.Moving together with Celebi Stock
0.84 | GARAN | Turkiye Garanti Bankasi | PairCorr |
0.92 | YKBNK | Yapi ve Kredi | PairCorr |
0.89 | AKBNK | Akbank TAS | PairCorr |
0.86 | ISCTR | Turkiye Is Bankasi Split | PairCorr |
The ability to find closely correlated positions to Celebi Hava could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celebi Hava 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 Celebi Hava - 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 Celebi Hava Servisi to buy it.
The correlation of Celebi Hava 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 Celebi Hava moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celebi Hava Servisi 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 Celebi Hava 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 Celebi Hava Correlation, Celebi Hava Volatility and Celebi Hava Alpha and Beta module to complement your research on Celebi Hava. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Celebi Stock analysis
When running Celebi Hava's price analysis, check to measure Celebi Hava'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 Celebi Hava is operating at the current time. Most of Celebi Hava's value examination focuses on studying past and present price action to predict the probability of Celebi Hava's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celebi Hava's price. Additionally, you may evaluate how the addition of Celebi Hava to your portfolios can decrease your overall portfolio volatility.
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