Yukselen CelikAs (Turkey) Market Value
| YKSLN Stock | TRY 22.24 0.24 1.09% |
| Symbol | Yukselen |
Yukselen CelikAs '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 Yukselen CelikAs' 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 Yukselen CelikAs.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Yukselen CelikAs on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Yukselen CelikAs or generate 0.0% return on investment in Yukselen CelikAs over 30 days. Yukselen CelikAs is related to or competes with Eregli Demir, Iskenderun Demir, Kardemir Karabuk, Izmir Demir, and Cemtas Celik. Yukselen Celik Anonim Sirketi manufactures and sells iron and steel products in Turkey, Europe, the Middle East, North A... More
Yukselen CelikAs 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 Yukselen CelikAs' 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 Yukselen CelikAs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.1404 | |||
| Maximum Drawdown | 18.66 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 9.9 |
Yukselen CelikAs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yukselen CelikAs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yukselen CelikAs' standard deviation. In reality, there are many statistical measures that can use Yukselen CelikAs historical prices to predict the future Yukselen CelikAs' volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 0.6154 | |||
| Total Risk Alpha | 0.3016 | |||
| Sortino Ratio | 0.1733 | |||
| Treynor Ratio | (4.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yukselen CelikAs' 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.
Yukselen CelikAs Backtested Returns
Yukselen CelikAs appears to be somewhat reliable, given 3 months investment horizon. Yukselen CelikAs shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. By examining Yukselen CelikAs' technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize Yukselen CelikAs' Market Risk Adjusted Performance of (4.35), mean deviation of 2.99, and Downside Deviation of 3.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yukselen CelikAs holds a performance score of 12. The firm maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yukselen CelikAs are expected to decrease at a much lower rate. During the bear market, Yukselen CelikAs is likely to outperform the market. Please check Yukselen CelikAs' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Yukselen CelikAs' historical returns will revert.
Auto-correlation | 0.79 |
Good predictability
Yukselen CelikAs has good predictability. Overlapping area represents the amount of predictability between Yukselen CelikAs time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Yukselen CelikAs price movement. The serial correlation of 0.79 indicates that around 79.0% of current Yukselen CelikAs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Yukselen CelikAs lagged returns against current returns
Autocorrelation, which is Yukselen CelikAs 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 Yukselen CelikAs' stock expected returns. We can calculate the autocorrelation of Yukselen CelikAs returns to help us make a trade decision. For example, suppose you find that Yukselen CelikAs 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 |
Yukselen CelikAs 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 Yukselen CelikAs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yukselen CelikAs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yukselen CelikAs stock over time.
Current vs Lagged Prices |
| Timeline |
Yukselen CelikAs Lagged Returns
When evaluating Yukselen CelikAs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yukselen CelikAs stock have on its future price. Yukselen CelikAs 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, Yukselen CelikAs autocorrelation shows the relationship between Yukselen CelikAs stock current value and its past values and can show if there is a momentum factor associated with investing in Yukselen CelikAs.
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 Yukselen CelikAs 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, Yukselen CelikAs' short interest history, or implied volatility extrapolated from Yukselen CelikAs options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Yukselen CelikAs Correlation, Yukselen CelikAs Volatility and Yukselen CelikAs Alpha and Beta module to complement your research on Yukselen CelikAs. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Yukselen Stock analysis
When running Yukselen CelikAs' price analysis, check to measure Yukselen CelikAs' 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 Yukselen CelikAs is operating at the current time. Most of Yukselen CelikAs' value examination focuses on studying past and present price action to predict the probability of Yukselen CelikAs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yukselen CelikAs' price. Additionally, you may evaluate how the addition of Yukselen CelikAs to your portfolios can decrease your overall portfolio volatility.
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Yukselen CelikAs 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.