BIM Birlesik (Turkey) Market Value
| BIMAS Stock | TRY 478.25 10.00 2.14% |
| Symbol | BIM |
BIM Birlesik '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 BIM Birlesik'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 BIM Birlesik.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in BIM Birlesik on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding BIM Birlesik Magazalar or generate 0.0% return on investment in BIM Birlesik over 30 days. BIM Birlesik is related to or competes with Eregli Demir, Turkiye Petrol, Turkiye Sise, Ford Otomotiv, and Koc Holding. BIM Birlesik Magazalar A.S., together with its subsidiaries, operates retail stores in Turkey, Morocco, and Egypt More
BIM Birlesik 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 BIM Birlesik'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 BIM Birlesik Magazalar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.54 |
BIM Birlesik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIM Birlesik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIM Birlesik's standard deviation. In reality, there are many statistical measures that can use BIM Birlesik historical prices to predict the future BIM Birlesik's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BIM Birlesik'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.
BIM Birlesik Magazalar Backtested Returns
BIM Birlesik Magazalar secures Sharpe Ratio (or Efficiency) of -0.0663, which signifies that the company had a -0.0663% return per unit of return volatility over the last 3 months. BIM Birlesik Magazalar exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BIM Birlesik's Coefficient Of Variation of (1,293), mean deviation of 2.01, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BIM Birlesik's returns are expected to increase less than the market. However, during the bear market, the loss of holding BIM Birlesik is expected to be smaller as well. At this point, BIM Birlesik Magazalar has a negative expected return of -0.18%. Please make sure to confirm BIM Birlesik's value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if BIM Birlesik Magazalar performance from the past will be repeated in the future.
Auto-correlation | -0.4 |
Poor reverse predictability
BIM Birlesik Magazalar has poor reverse predictability. Overlapping area represents the amount of predictability between BIM Birlesik time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 BIM Birlesik Magazalar price movement. The serial correlation of -0.4 indicates that just about 40.0% of current BIM Birlesik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 146.12 |
BIM Birlesik Magazalar lagged returns against current returns
Autocorrelation, which is BIM Birlesik 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 BIM Birlesik's stock expected returns. We can calculate the autocorrelation of BIM Birlesik returns to help us make a trade decision. For example, suppose you find that BIM Birlesik 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 |
BIM Birlesik 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 BIM Birlesik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIM Birlesik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIM Birlesik stock over time.
Current vs Lagged Prices |
| Timeline |
BIM Birlesik Lagged Returns
When evaluating BIM Birlesik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIM Birlesik stock have on its future price. BIM Birlesik 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, BIM Birlesik autocorrelation shows the relationship between BIM Birlesik stock current value and its past values and can show if there is a momentum factor associated with investing in BIM Birlesik Magazalar.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BIM Stock
BIM Birlesik financial ratios help investors to determine whether BIM 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 BIM with respect to the benefits of owning BIM Birlesik security.