Alkim Alkali (Turkey) Market Value
| ALKIM Stock | TRY 33.04 0.82 2.55% |
| Symbol | Alkim |
Alkim Alkali '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 Alkim Alkali'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 Alkim Alkali.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Alkim Alkali on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Alkim Alkali Kimya or generate 0.0% return on investment in Alkim Alkali over 720 days. Alkim Alkali is related to or competes with Aksa Akrilik, Eregli Demir, Tofas Turk, Hektas Ticaret, and Vestel Beyaz. Alkim Alkali Kimya A.S. produces and sells paper products in Turkey and internationally More
Alkim Alkali 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 Alkim Alkali'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 Alkim Alkali Kimya upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 3.47 |
Alkim Alkali Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkim Alkali's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alkim Alkali's standard deviation. In reality, there are many statistical measures that can use Alkim Alkali historical prices to predict the future Alkim Alkali's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.25) |
Alkim Alkali Kimya Backtested Returns
Alkim Alkali is very steady at the moment. Alkim Alkali Kimya secures Sharpe Ratio (or Efficiency) of 0.0274, which signifies that the company had a 0.0274% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Alkim Alkali Kimya, which you can use to evaluate the volatility of the firm. Please confirm Alkim Alkali's Mean Deviation of 1.58, risk adjusted performance of 0.0049, and Standard Deviation of 2.11 to double-check if the risk estimate we provide is consistent with the expected return of 0.058%. Alkim Alkali has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0555, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alkim Alkali's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alkim Alkali is expected to be smaller as well. Alkim Alkali Kimya right now shows a risk of 2.11%. Please confirm Alkim Alkali Kimya skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Alkim Alkali Kimya will be following its price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Alkim Alkali Kimya has good reverse predictability. Overlapping area represents the amount of predictability between Alkim Alkali time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Alkim Alkali Kimya price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Alkim Alkali price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 9.35 |
Alkim Alkali Kimya lagged returns against current returns
Autocorrelation, which is Alkim Alkali 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 Alkim Alkali's stock expected returns. We can calculate the autocorrelation of Alkim Alkali returns to help us make a trade decision. For example, suppose you find that Alkim Alkali 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 |
Alkim Alkali 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 Alkim Alkali stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alkim Alkali stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alkim Alkali stock over time.
Current vs Lagged Prices |
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Alkim Alkali Lagged Returns
When evaluating Alkim Alkali's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alkim Alkali stock have on its future price. Alkim Alkali 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, Alkim Alkali autocorrelation shows the relationship between Alkim Alkali stock current value and its past values and can show if there is a momentum factor associated with investing in Alkim Alkali Kimya.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Alkim Stock
Alkim Alkali financial ratios help investors to determine whether Alkim 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 Alkim with respect to the benefits of owning Alkim Alkali security.