Birlik Mensucat (Turkey) Market Value
| BRMEN Stock | TRY 6.79 0.61 9.87% |
| Symbol | Birlik |
Birlik Mensucat '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 Birlik Mensucat'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 Birlik Mensucat.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Birlik Mensucat on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Birlik Mensucat Ticaret or generate 0.0% return on investment in Birlik Mensucat over 30 days. Birlik Mensucat is related to or competes with Qnb Finansbank, Kent Gida, QNB Finans, Turkiye Kalkinma, Kocaer Celik, Cimentas Izmir, and Turk Tuborg. Birlik Mensucat Ticaret ve Sanayi Isletmesi A.S More
Birlik Mensucat 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 Birlik Mensucat'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 Birlik Mensucat Ticaret upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 9.9 |
Birlik Mensucat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Birlik Mensucat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Birlik Mensucat's standard deviation. In reality, there are many statistical measures that can use Birlik Mensucat historical prices to predict the future Birlik Mensucat's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1132 |
Birlik Mensucat Ticaret Backtested Returns
Birlik Mensucat appears to be relatively risky, given 3 months investment horizon. Birlik Mensucat Ticaret secures Sharpe Ratio (or Efficiency) of 0.0646, which signifies that the company had a 0.0646% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Birlik Mensucat Ticaret, which you can use to evaluate the volatility of the firm. Please makes use of Birlik Mensucat's Mean Deviation of 3.44, downside deviation of 3.88, and Risk Adjusted Performance of 0.0254 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Birlik Mensucat holds a performance score of 5. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Birlik Mensucat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Birlik Mensucat is expected to be smaller as well. Please check Birlik Mensucat's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Birlik Mensucat's price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Birlik Mensucat Ticaret has virtually no predictability. Overlapping area represents the amount of predictability between Birlik Mensucat 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 Birlik Mensucat Ticaret price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Birlik Mensucat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Birlik Mensucat Ticaret lagged returns against current returns
Autocorrelation, which is Birlik Mensucat 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 Birlik Mensucat's stock expected returns. We can calculate the autocorrelation of Birlik Mensucat returns to help us make a trade decision. For example, suppose you find that Birlik Mensucat 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 |
Birlik Mensucat 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 Birlik Mensucat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Birlik Mensucat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Birlik Mensucat stock over time.
Current vs Lagged Prices |
| Timeline |
Birlik Mensucat Lagged Returns
When evaluating Birlik Mensucat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Birlik Mensucat stock have on its future price. Birlik Mensucat 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, Birlik Mensucat autocorrelation shows the relationship between Birlik Mensucat stock current value and its past values and can show if there is a momentum factor associated with investing in Birlik Mensucat Ticaret.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Birlik Stock
Birlik Mensucat financial ratios help investors to determine whether Birlik 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 Birlik with respect to the benefits of owning Birlik Mensucat security.