Atlas Menkul (Turkey) Market Value
| ATLAS Stock | TRY 5.89 0.15 2.61% |
| Symbol | Atlas |
Atlas Menkul '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 Atlas Menkul'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 Atlas Menkul.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Atlas Menkul on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Atlas Menkul Kiymetler or generate 0.0% return on investment in Atlas Menkul over 540 days. Atlas Menkul is related to or competes with Politeknik Metal, Galatasaray Sportif, Cuhadaroglu Metal, Turkish Airlines, Turkiye Kalkinma, and Bms Birlesik. Atlas Menkul Kiymetler Yatirim Ortakligi A.S More
Atlas Menkul 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 Atlas Menkul'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 Atlas Menkul Kiymetler upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 4.58 |
Atlas Menkul Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Menkul's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Menkul's standard deviation. In reality, there are many statistical measures that can use Atlas Menkul historical prices to predict the future Atlas Menkul's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.2217 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0321 | |||
| Treynor Ratio | (0.94) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Atlas Menkul'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.
Atlas Menkul Kiymetler Backtested Returns
Atlas Menkul is slightly risky at the moment. Atlas Menkul Kiymetler secures Sharpe Ratio (or Efficiency) of 0.0131, which signifies that the company had a 0.0131% return per unit of risk over the last 3 months. We have found thirty technical indicators for Atlas Menkul Kiymetler, which you can use to evaluate the volatility of the firm. Please confirm Atlas Menkul's Mean Deviation of 2.11, risk adjusted performance of 0.0602, and Downside Deviation of 2.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.0357%. Atlas Menkul has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atlas Menkul are expected to decrease at a much lower rate. During the bear market, Atlas Menkul is likely to outperform the market. Atlas Menkul Kiymetler right now shows a risk of 2.73%. Please confirm Atlas Menkul Kiymetler downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Atlas Menkul Kiymetler will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Atlas Menkul Kiymetler has virtually no predictability. Overlapping area represents the amount of predictability between Atlas Menkul time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Atlas Menkul Kiymetler price movement. The serial correlation of 0.01 indicates that just 1.0% of current Atlas Menkul price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Atlas Menkul Kiymetler lagged returns against current returns
Autocorrelation, which is Atlas Menkul 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 Atlas Menkul's stock expected returns. We can calculate the autocorrelation of Atlas Menkul returns to help us make a trade decision. For example, suppose you find that Atlas Menkul 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 |
Atlas Menkul 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 Atlas Menkul stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Menkul stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Menkul stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Menkul Lagged Returns
When evaluating Atlas Menkul's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Menkul stock have on its future price. Atlas Menkul 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, Atlas Menkul autocorrelation shows the relationship between Atlas Menkul stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Menkul Kiymetler.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Atlas Stock
Atlas Menkul financial ratios help investors to determine whether Atlas 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 Atlas with respect to the benefits of owning Atlas Menkul security.