Turk Telekomunikasyon (Turkey) Market Value
| TTKOM Stock | TRY 40.38 0.10 0.25% |
| Symbol | Turk |
Turk Telekomunikasyon '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 Turk Telekomunikasyon'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 Turk Telekomunikasyon.
| 03/03/2024 |
| 05/02/2024 |
If you would invest 0.00 in Turk Telekomunikasyon on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding Turk Telekomunikasyon AS or generate 0.0% return on investment in Turk Telekomunikasyon over 60 days. Turk Telekomunikasyon is related to or competes with Koc Holding, ENKA Insaat, Arcelik AS, Eregli Demir, Turkiye Sise, Aselsan Elektronik, and Turkiye Sinai. Trk Telekomnikasyon Anonim Sirketi, together with its subsidiaries, provides integrated telecommunication services in Tu... More
Turk Telekomunikasyon 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 Turk Telekomunikasyon'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 Turk Telekomunikasyon AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.1461 | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 5.38 |
Turk Telekomunikasyon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turk Telekomunikasyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turk Telekomunikasyon's standard deviation. In reality, there are many statistical measures that can use Turk Telekomunikasyon historical prices to predict the future Turk Telekomunikasyon's volatility.| Risk Adjusted Performance | 0.1141 | |||
| Jensen Alpha | 0.5314 | |||
| Total Risk Alpha | 0.2588 | |||
| Sortino Ratio | 0.1926 | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Turk Telekomunikasyon'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.
Turk Telekomunikasyon Backtested Returns
Turk Telekomunikasyon appears to be very steady, given 3 months investment horizon. Turk Telekomunikasyon owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Turk Telekomunikasyon AS, which you can use to evaluate the volatility of the company. Please review Turk Telekomunikasyon's Semi Deviation of 2.01, coefficient of variation of 603.74, and Risk Adjusted Performance of 0.1141 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Turk Telekomunikasyon holds a performance score of 9. The entity has a beta of -0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Turk Telekomunikasyon are expected to decrease at a much lower rate. During the bear market, Turk Telekomunikasyon is likely to outperform the market. Please check Turk Telekomunikasyon's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Turk Telekomunikasyon's existing price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Turk Telekomunikasyon AS has weak reverse predictability. Overlapping area represents the amount of predictability between Turk Telekomunikasyon time series from 3rd of March 2024 to 2nd of April 2024 and 2nd 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 Turk Telekomunikasyon price movement. The serial correlation of -0.22 indicates that over 22.0% of current Turk Telekomunikasyon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 9.15 |
Turk Telekomunikasyon lagged returns against current returns
Autocorrelation, which is Turk Telekomunikasyon 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 Turk Telekomunikasyon's stock expected returns. We can calculate the autocorrelation of Turk Telekomunikasyon returns to help us make a trade decision. For example, suppose you find that Turk Telekomunikasyon 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 |
Turk Telekomunikasyon 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 Turk Telekomunikasyon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turk Telekomunikasyon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turk Telekomunikasyon stock over time.
Current vs Lagged Prices |
| Timeline |
Turk Telekomunikasyon Lagged Returns
When evaluating Turk Telekomunikasyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turk Telekomunikasyon stock have on its future price. Turk Telekomunikasyon 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, Turk Telekomunikasyon autocorrelation shows the relationship between Turk Telekomunikasyon stock current value and its past values and can show if there is a momentum factor associated with investing in Turk Telekomunikasyon AS.
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 Turk Telekomunikasyon 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, Turk Telekomunikasyon's short interest history, or implied volatility extrapolated from Turk Telekomunikasyon options trading.
Currently Active Assets on Macroaxis
Check out Turk Telekomunikasyon Correlation, Turk Telekomunikasyon Volatility and Turk Telekomunikasyon Alpha and Beta module to complement your research on Turk Telekomunikasyon. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Turk Stock analysis
When running Turk Telekomunikasyon's price analysis, check to measure Turk Telekomunikasyon'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 Turk Telekomunikasyon is operating at the current time. Most of Turk Telekomunikasyon's value examination focuses on studying past and present price action to predict the probability of Turk Telekomunikasyon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turk Telekomunikasyon's price. Additionally, you may evaluate how the addition of Turk Telekomunikasyon to your portfolios can decrease your overall portfolio volatility.
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Turk Telekomunikasyon 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.