Akfen Yenilenebilir (Turkey) Market Value
| AKFYE Stock | 18.85 0.15 0.79% |
| Symbol | Akfen |
Akfen 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 Akfen 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 Akfen Yenilenebilir.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Akfen Yenilenebilir on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Akfen Yenilenebilir Enerji or generate 0.0% return on investment in Akfen Yenilenebilir over 720 days.
Akfen 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 Akfen 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 Akfen Yenilenebilir Enerji upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.0 |
Akfen Yenilenebilir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akfen Yenilenebilir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akfen Yenilenebilir's standard deviation. In reality, there are many statistical measures that can use Akfen Yenilenebilir historical prices to predict the future Akfen Yenilenebilir's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (28.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akfen 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.
Akfen Yenilenebilir Backtested Returns
Akfen Yenilenebilir secures Sharpe Ratio (or Efficiency) of -0.0864, which signifies that the company had a -0.0864% return per unit of standard deviation over the last 3 months. Akfen Yenilenebilir Enerji exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akfen Yenilenebilir's mean deviation of 1.65, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.008, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Akfen Yenilenebilir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akfen Yenilenebilir is expected to be smaller as well. At this point, Akfen Yenilenebilir has a negative expected return of -0.18%. Please make sure to confirm Akfen Yenilenebilir's jensen alpha, accumulation distribution, relative strength index, as well as the relationship between the value at risk and day typical price , to decide if Akfen Yenilenebilir performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Akfen Yenilenebilir Enerji has virtually no predictability. Overlapping area represents the amount of predictability between Akfen Yenilenebilir time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Akfen Yenilenebilir price movement. The serial correlation of 0.03 indicates that only 3.0% of current Akfen Yenilenebilir price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 19.41 |
Akfen Yenilenebilir lagged returns against current returns
Autocorrelation, which is Akfen 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 Akfen Yenilenebilir's stock expected returns. We can calculate the autocorrelation of Akfen Yenilenebilir returns to help us make a trade decision. For example, suppose you find that Akfen 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 |
Akfen 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 Akfen Yenilenebilir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akfen Yenilenebilir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akfen Yenilenebilir stock over time.
Current vs Lagged Prices |
| Timeline |
Akfen Yenilenebilir Lagged Returns
When evaluating Akfen Yenilenebilir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akfen Yenilenebilir stock have on its future price. Akfen 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, Akfen Yenilenebilir autocorrelation shows the relationship between Akfen Yenilenebilir stock current value and its past values and can show if there is a momentum factor associated with investing in Akfen Yenilenebilir Enerji.
Regressed Prices |
| Timeline |