Turk Traktor (Turkey) Market Value
| TTRAK Stock | TRY 942.00 14.00 1.51% |
| Symbol | Turk |
Turk Traktor '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 Traktor'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 Traktor.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Turk Traktor on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Turk Traktor ve or generate 0.0% return on investment in Turk Traktor over 30 days. Turk Traktor is related to or competes with Is Finansal, Seker Finansal, Yesil Gayrimenkul, Zorlu Enerji, Karsan Otomotiv, Eminis Ambalaj, and Soktas Tekstil. Trk Traktr ve Ziraat Makineleri A.S. manufactures and sells farm tractors, harvesters, and other agricultural machinerie... More
Turk Traktor 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 Traktor'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 Traktor ve upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.1739 | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 4.22 |
Turk Traktor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turk Traktor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turk Traktor's standard deviation. In reality, there are many statistical measures that can use Turk Traktor historical prices to predict the future Turk Traktor's volatility.| Risk Adjusted Performance | 0.139 | |||
| Jensen Alpha | 0.4815 | |||
| Total Risk Alpha | 0.216 | |||
| Sortino Ratio | 0.1948 | |||
| Treynor Ratio | (2.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Turk Traktor'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 Traktor ve Backtested Returns
Turk Traktor appears to be very steady, given 3 months investment horizon. Turk Traktor ve owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Turk Traktor ve, which you can use to evaluate the volatility of the company. Please review Turk Traktor's Coefficient Of Variation of 479.32, risk adjusted performance of 0.139, and Semi Deviation of 1.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Turk Traktor holds a performance score of 10. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Turk Traktor are expected to decrease at a much lower rate. During the bear market, Turk Traktor is likely to outperform the market. Please check Turk Traktor's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Turk Traktor's existing price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Turk Traktor ve has poor predictability. Overlapping area represents the amount of predictability between Turk Traktor 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 Turk Traktor ve price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Turk Traktor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 165.23 |
Turk Traktor ve lagged returns against current returns
Autocorrelation, which is Turk Traktor 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 Traktor's stock expected returns. We can calculate the autocorrelation of Turk Traktor returns to help us make a trade decision. For example, suppose you find that Turk Traktor 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 Traktor 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 Traktor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turk Traktor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turk Traktor stock over time.
Current vs Lagged Prices |
| Timeline |
Turk Traktor Lagged Returns
When evaluating Turk Traktor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turk Traktor stock have on its future price. Turk Traktor 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 Traktor autocorrelation shows the relationship between Turk Traktor stock current value and its past values and can show if there is a momentum factor associated with investing in Turk Traktor ve.
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 Traktor 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 Traktor's short interest history, or implied volatility extrapolated from Turk Traktor options trading.
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Check out Turk Traktor Correlation, Turk Traktor Volatility and Turk Traktor Alpha and Beta module to complement your research on Turk Traktor. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Turk Stock analysis
When running Turk Traktor's price analysis, check to measure Turk Traktor'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 Traktor is operating at the current time. Most of Turk Traktor's value examination focuses on studying past and present price action to predict the probability of Turk Traktor'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 Traktor's price. Additionally, you may evaluate how the addition of Turk Traktor to your portfolios can decrease your overall portfolio volatility.
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Turk Traktor 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.