Akcansa Cimento (Turkey) Market Value
| AKCNS Stock | TRY 164.70 0.30 0.18% |
| Symbol | Akcansa |
Akcansa Cimento '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 Akcansa Cimento'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 Akcansa Cimento.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Akcansa Cimento on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Akcansa Cimento Sanayi or generate 0.0% return on investment in Akcansa Cimento over 30 days. Akcansa Cimento is related to or competes with Trend Gayrimenkul, Trabzon Liman, Halk Gayrimenkul, and Inveo Yatirim. Akansa imento Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, manufactures and sells cement, clinker, ... More
Akcansa Cimento 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 Akcansa Cimento'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 Akcansa Cimento Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.28 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 4.53 |
Akcansa Cimento Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akcansa Cimento's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akcansa Cimento's standard deviation. In reality, there are many statistical measures that can use Akcansa Cimento historical prices to predict the future Akcansa Cimento's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.0228 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1635 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akcansa Cimento'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.
Akcansa Cimento Sanayi Backtested Returns
Akcansa Cimento is very steady at the moment. Akcansa Cimento Sanayi secures Sharpe Ratio (or Efficiency) of 0.0411, which signifies that the company had a 0.0411% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Akcansa Cimento Sanayi, which you can use to evaluate the volatility of the firm. Please confirm Akcansa Cimento's mean deviation of 1.74, and Risk Adjusted Performance of 0.042 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Akcansa Cimento has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Akcansa Cimento's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akcansa Cimento is expected to be smaller as well. Akcansa Cimento Sanayi right now shows a risk of 2.51%. Please confirm Akcansa Cimento Sanayi coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Akcansa Cimento Sanayi will be following its price patterns.
Auto-correlation | 0.84 |
Very good predictability
Akcansa Cimento Sanayi has very good predictability. Overlapping area represents the amount of predictability between Akcansa Cimento time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Akcansa Cimento Sanayi price movement. The serial correlation of 0.84 indicates that around 84.0% of current Akcansa Cimento price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 17.3 |
Akcansa Cimento Sanayi lagged returns against current returns
Autocorrelation, which is Akcansa Cimento 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 Akcansa Cimento's stock expected returns. We can calculate the autocorrelation of Akcansa Cimento returns to help us make a trade decision. For example, suppose you find that Akcansa Cimento 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 |
Akcansa Cimento 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 Akcansa Cimento stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akcansa Cimento stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akcansa Cimento stock over time.
Current vs Lagged Prices |
| Timeline |
Akcansa Cimento Lagged Returns
When evaluating Akcansa Cimento's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akcansa Cimento stock have on its future price. Akcansa Cimento 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, Akcansa Cimento autocorrelation shows the relationship between Akcansa Cimento stock current value and its past values and can show if there is a momentum factor associated with investing in Akcansa Cimento Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Akcansa Stock
Akcansa Cimento financial ratios help investors to determine whether Akcansa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Akcansa with respect to the benefits of owning Akcansa Cimento security.