Politeknik Metal (Turkey) Market Value
| POLTK Stock | TRY 18,300 50.00 0.27% |
| Symbol | Politeknik |
Politeknik Metal '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 Politeknik Metal'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 Politeknik Metal.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Politeknik Metal on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Politeknik Metal Sanayi or generate 0.0% return on investment in Politeknik Metal over 30 days. Politeknik Metal is related to or competes with Yaprak Sut, Flap Kongre, Trend Gayrimenkul, Ege Endustri, Anadolu Hayat, Trabzon Liman, and Derimod Konfeksiyon. Politeknik Metal Sanayi ve Ticaret Anonim Sirketi manufactures and sells aluminum surface treatment chemicals in Turkey More
Politeknik Metal 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 Politeknik Metal'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 Politeknik Metal Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.58 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (9.33) | |||
| Potential Upside | 7.17 |
Politeknik Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Politeknik Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Politeknik Metal's standard deviation. In reality, there are many statistical measures that can use Politeknik Metal historical prices to predict the future Politeknik Metal's volatility.| Risk Adjusted Performance | 0.0306 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0221 | |||
| Treynor Ratio | 0.105 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Politeknik Metal'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.
Politeknik Metal Sanayi Backtested Returns
Politeknik Metal Sanayi maintains Sharpe Ratio (i.e., Efficiency) of -0.071, which implies the firm had a -0.071% return per unit of risk over the last 3 months. Politeknik Metal Sanayi exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Politeknik Metal's Semi Deviation of 4.37, coefficient of variation of 2917.39, and Risk Adjusted Performance of 0.0306 to confirm the risk estimate we provide. The company holds a Beta of 1.4, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Politeknik Metal will likely underperform. Politeknik Metal Sanayi has an expected return of -0.31%. Please make sure to check Politeknik Metal Sanayi expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Politeknik Metal Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Politeknik Metal Sanayi has virtually no predictability. Overlapping area represents the amount of predictability between Politeknik Metal 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 Politeknik Metal Sanayi price movement. The serial correlation of 0.01 indicates that just 1.0% of current Politeknik Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 M |
Politeknik Metal Sanayi lagged returns against current returns
Autocorrelation, which is Politeknik Metal 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 Politeknik Metal's stock expected returns. We can calculate the autocorrelation of Politeknik Metal returns to help us make a trade decision. For example, suppose you find that Politeknik Metal 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 |
Politeknik Metal 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 Politeknik Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Politeknik Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Politeknik Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Politeknik Metal Lagged Returns
When evaluating Politeknik Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Politeknik Metal stock have on its future price. Politeknik Metal 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, Politeknik Metal autocorrelation shows the relationship between Politeknik Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Politeknik Metal Sanayi.
Regressed Prices |
| Timeline |
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Check out Politeknik Metal Correlation, Politeknik Metal Volatility and Politeknik Metal Alpha and Beta module to complement your research on Politeknik Metal. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Politeknik Stock analysis
When running Politeknik Metal's price analysis, check to measure Politeknik Metal'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 Politeknik Metal is operating at the current time. Most of Politeknik Metal's value examination focuses on studying past and present price action to predict the probability of Politeknik Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Politeknik Metal's price. Additionally, you may evaluate how the addition of Politeknik Metal to your portfolios can decrease your overall portfolio volatility.
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Politeknik Metal 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.