Say Yenilenebilir (Turkey) Market Value
| SAYAS Stock | TRY 86.95 3.20 3.82% |
| Symbol | Say |
Say Yenilenebilir '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 Say Yenilenebilir'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 Say Yenilenebilir.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Say Yenilenebilir on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Say Yenilenebilir Enerji or generate 0.0% return on investment in Say Yenilenebilir over 30 days. Say Yenilenebilir is related to or competes with SASA Polyester, Turkish Airlines, Koc Holding, Ford Otomotiv, ENKA Insaat, Turkiye Petrol, and Qnb Finansbank. Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S More
Say Yenilenebilir 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 Say Yenilenebilir'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 Say Yenilenebilir Enerji upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.68 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 6.48 |
Say Yenilenebilir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Say Yenilenebilir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Say Yenilenebilir's standard deviation. In reality, there are many statistical measures that can use Say Yenilenebilir historical prices to predict the future Say Yenilenebilir's volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Say Yenilenebilir'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.
Say Yenilenebilir Enerji Backtested Returns
Say Yenilenebilir Enerji owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0842, which indicates the firm had a -0.0842% return per unit of risk over the last 3 months. Say Yenilenebilir Enerji exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Say Yenilenebilir's Coefficient Of Variation of (7,101), variance of 10.12, and Risk Adjusted Performance of (0.0009) to confirm the risk estimate we provide. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. Say Yenilenebilir returns are very sensitive to returns on the market. As the market goes up or down, Say Yenilenebilir is expected to follow. Say Yenilenebilir Enerji has an expected return of -0.26%. Please make sure to validate Say Yenilenebilir skewness, day median price, as well as the relationship between the Day Median Price and relative strength index , to decide if Say Yenilenebilir Enerji performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Say Yenilenebilir Enerji has very weak reverse predictability. Overlapping area represents the amount of predictability between Say Yenilenebilir time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Say Yenilenebilir Enerji price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Say Yenilenebilir price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 7.13 |
Say Yenilenebilir Enerji lagged returns against current returns
Autocorrelation, which is Say Yenilenebilir 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 Say Yenilenebilir's stock expected returns. We can calculate the autocorrelation of Say Yenilenebilir returns to help us make a trade decision. For example, suppose you find that Say Yenilenebilir 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 |
Say Yenilenebilir 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 Say Yenilenebilir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Say Yenilenebilir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Say Yenilenebilir stock over time.
Current vs Lagged Prices |
| Timeline |
Say Yenilenebilir Lagged Returns
When evaluating Say Yenilenebilir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Say Yenilenebilir stock have on its future price. Say Yenilenebilir 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, Say Yenilenebilir autocorrelation shows the relationship between Say Yenilenebilir stock current value and its past values and can show if there is a momentum factor associated with investing in Say Yenilenebilir Enerji.
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 Say Yenilenebilir 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, Say Yenilenebilir's short interest history, or implied volatility extrapolated from Say Yenilenebilir options trading.
Currently Active Assets on Macroaxis
Check out Say Yenilenebilir Correlation, Say Yenilenebilir Volatility and Say Yenilenebilir Alpha and Beta module to complement your research on Say Yenilenebilir. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Say Stock analysis
When running Say Yenilenebilir's price analysis, check to measure Say Yenilenebilir'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 Say Yenilenebilir is operating at the current time. Most of Say Yenilenebilir's value examination focuses on studying past and present price action to predict the probability of Say Yenilenebilir's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Say Yenilenebilir's price. Additionally, you may evaluate how the addition of Say Yenilenebilir to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
Say Yenilenebilir 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.