Cosmos Yatirim (Turkey) Market Value
| COSMO Stock | TRY 151.00 12.90 9.34% |
| Symbol | Cosmos |
Cosmos Yatirim '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 Cosmos Yatirim'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 Cosmos Yatirim.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Cosmos Yatirim on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Cosmos Yatirim Holding or generate 0.0% return on investment in Cosmos Yatirim over 30 days. Cosmos Yatirim is related to or competes with Eregli Demir, Turkiye Sise, Turkish Airlines, Petkim Petrokimya, and Aselsan Elektronik. Cosmos Yatirim Holding Anonim Sirketi, together with its subsidiaries, engages in the purchase, sale, import, export, lo... More
Cosmos Yatirim 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 Cosmos Yatirim'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 Cosmos Yatirim Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.1041 | |||
| Maximum Drawdown | 15.87 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 9.34 |
Cosmos Yatirim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cosmos Yatirim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cosmos Yatirim's standard deviation. In reality, there are many statistical measures that can use Cosmos Yatirim historical prices to predict the future Cosmos Yatirim's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.4386 | |||
| Total Risk Alpha | 0.1417 | |||
| Sortino Ratio | 0.1452 | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cosmos Yatirim'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.
Cosmos Yatirim Holding Backtested Returns
Cosmos Yatirim appears to be very steady, given 3 months investment horizon. Cosmos Yatirim Holding secures Sharpe Ratio (or Efficiency) of 0.0837, which signifies that the company had a 0.0837% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cosmos Yatirim Holding, which you can use to evaluate the volatility of the firm. Please makes use of Cosmos Yatirim's Mean Deviation of 2.49, risk adjusted performance of 0.0861, and Downside Deviation of 2.45 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cosmos Yatirim holds a performance score of 6. The firm shows a Beta (market volatility) of -0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cosmos Yatirim are expected to decrease at a much lower rate. During the bear market, Cosmos Yatirim is likely to outperform the market. Please check Cosmos Yatirim's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Cosmos Yatirim's price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Cosmos Yatirim Holding has average predictability. Overlapping area represents the amount of predictability between Cosmos Yatirim time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 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 Cosmos Yatirim Holding price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Cosmos Yatirim price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 33.22 |
Cosmos Yatirim Holding lagged returns against current returns
Autocorrelation, which is Cosmos Yatirim 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 Cosmos Yatirim's stock expected returns. We can calculate the autocorrelation of Cosmos Yatirim returns to help us make a trade decision. For example, suppose you find that Cosmos Yatirim 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 |
Cosmos Yatirim 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 Cosmos Yatirim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cosmos Yatirim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cosmos Yatirim stock over time.
Current vs Lagged Prices |
| Timeline |
Cosmos Yatirim Lagged Returns
When evaluating Cosmos Yatirim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cosmos Yatirim stock have on its future price. Cosmos Yatirim 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, Cosmos Yatirim autocorrelation shows the relationship between Cosmos Yatirim stock current value and its past values and can show if there is a momentum factor associated with investing in Cosmos Yatirim Holding.
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 Cosmos Yatirim 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, Cosmos Yatirim's short interest history, or implied volatility extrapolated from Cosmos Yatirim options trading.
Pair Trading with Cosmos Yatirim
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 Cosmos Yatirim 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 Cosmos Yatirim will appreciate offsetting losses from the drop in the long position's value.Moving together with Cosmos Stock
| 0.61 | KATMR | Katmerciler Arac Ustu | PairCorr |
| 0.61 | YGYO | Yesil Gayrimenkul Yatirim | PairCorr |
The ability to find closely correlated positions to Cosmos Yatirim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cosmos Yatirim 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 Cosmos Yatirim - 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 Cosmos Yatirim Holding to buy it.
The correlation of Cosmos Yatirim 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 Cosmos Yatirim moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosmos Yatirim Holding 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 Cosmos Yatirim 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 Cosmos Yatirim Correlation, Cosmos Yatirim Volatility and Cosmos Yatirim Alpha and Beta module to complement your research on Cosmos Yatirim. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Cosmos Stock analysis
When running Cosmos Yatirim's price analysis, check to measure Cosmos Yatirim'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 Cosmos Yatirim is operating at the current time. Most of Cosmos Yatirim's value examination focuses on studying past and present price action to predict the probability of Cosmos Yatirim's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cosmos Yatirim's price. Additionally, you may evaluate how the addition of Cosmos Yatirim to your portfolios can decrease your overall portfolio volatility.
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Cosmos Yatirim 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.