Cemtas Celik (Turkey) Market Value
| CEMTS Stock | TRY 8.85 0.07 0.78% |
| Symbol | Cemtas |
Cemtas Celik '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 Cemtas Celik'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 Cemtas Celik.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cemtas Celik on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cemtas Celik Makina or generate 0.0% return on investment in Cemtas Celik over 30 days. Cemtas Celik is related to or competes with Gentas Genel, Politeknik Metal, ICBC Turkey, and Trabzonspor Sportif. emtas elik Makina Sanayi ve Ticaret A.S. engages in the production and sale of steel products in Turkey More
Cemtas Celik 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 Cemtas Celik'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 Cemtas Celik Makina upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 2.27 |
Cemtas Celik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cemtas Celik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cemtas Celik's standard deviation. In reality, there are many statistical measures that can use Cemtas Celik historical prices to predict the future Cemtas Celik's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cemtas Celik'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.
Cemtas Celik Makina Backtested Returns
Cemtas Celik Makina secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Cemtas Celik Makina exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cemtas Celik's Standard Deviation of 1.84, mean deviation of 1.43, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cemtas Celik's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cemtas Celik is expected to be smaller as well. At this point, Cemtas Celik Makina has a negative expected return of -0.23%. Please make sure to confirm Cemtas Celik's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Cemtas Celik Makina performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Cemtas Celik Makina has good predictability. Overlapping area represents the amount of predictability between Cemtas Celik time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Cemtas Celik Makina price movement. The serial correlation of 0.79 indicates that around 79.0% of current Cemtas Celik price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cemtas Celik Makina lagged returns against current returns
Autocorrelation, which is Cemtas Celik 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 Cemtas Celik's stock expected returns. We can calculate the autocorrelation of Cemtas Celik returns to help us make a trade decision. For example, suppose you find that Cemtas Celik 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 |
Cemtas Celik 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 Cemtas Celik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cemtas Celik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cemtas Celik stock over time.
Current vs Lagged Prices |
| Timeline |
Cemtas Celik Lagged Returns
When evaluating Cemtas Celik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cemtas Celik stock have on its future price. Cemtas Celik 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, Cemtas Celik autocorrelation shows the relationship between Cemtas Celik stock current value and its past values and can show if there is a momentum factor associated with investing in Cemtas Celik Makina.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Cemtas Stock
Cemtas Celik financial ratios help investors to determine whether Cemtas 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 Cemtas with respect to the benefits of owning Cemtas Celik security.