Dardanel Onentas (Turkey) Market Value
| DARDL Stock | TRY 5.99 0.54 9.91% |
| Symbol | Dardanel |
Dardanel Onentas '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 Dardanel Onentas' 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 Dardanel Onentas.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Dardanel Onentas on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Dardanel Onentas Gida or generate 0.0% return on investment in Dardanel Onentas over 30 days. Dardanel Onentas is related to or competes with Turkiye Kalkinma, Trabzonspor Sportif, Cuhadaroglu Metal, Politeknik Metal, and Koza Anadolu. Dardanel Onentas Gida Sanayi A.S. provides canned fish products in Turkey More
Dardanel Onentas 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 Dardanel Onentas' 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 Dardanel Onentas Gida upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.92 |
Dardanel Onentas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dardanel Onentas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dardanel Onentas' standard deviation. In reality, there are many statistical measures that can use Dardanel Onentas historical prices to predict the future Dardanel Onentas' volatility.| Risk Adjusted Performance | 0.0417 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2629 |
Dardanel Onentas Gida Backtested Returns
Dardanel Onentas is slightly risky at the moment. Dardanel Onentas Gida secures Sharpe Ratio (or Efficiency) of 0.037, which denotes the company had a 0.037% return per unit of risk over the last 3 months. We have found thirty technical indicators for Dardanel Onentas Gida, which you can use to evaluate the volatility of the firm. Please confirm Dardanel Onentas' Mean Deviation of 1.7, downside deviation of 2.3, and Coefficient Of Variation of 2185.9 to check if the risk estimate we provide is consistent with the expected return of 0.0873%. Dardanel Onentas has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dardanel Onentas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dardanel Onentas is expected to be smaller as well. Dardanel Onentas Gida right now shows a risk of 2.36%. Please confirm Dardanel Onentas Gida treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Dardanel Onentas Gida will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
Dardanel Onentas Gida has below average predictability. Overlapping area represents the amount of predictability between Dardanel Onentas time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Dardanel Onentas Gida price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Dardanel Onentas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Dardanel Onentas Gida lagged returns against current returns
Autocorrelation, which is Dardanel Onentas 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 Dardanel Onentas' stock expected returns. We can calculate the autocorrelation of Dardanel Onentas returns to help us make a trade decision. For example, suppose you find that Dardanel Onentas 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 |
Dardanel Onentas 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 Dardanel Onentas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dardanel Onentas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dardanel Onentas stock over time.
Current vs Lagged Prices |
| Timeline |
Dardanel Onentas Lagged Returns
When evaluating Dardanel Onentas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dardanel Onentas stock have on its future price. Dardanel Onentas 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, Dardanel Onentas autocorrelation shows the relationship between Dardanel Onentas stock current value and its past values and can show if there is a momentum factor associated with investing in Dardanel Onentas Gida.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Dardanel Stock
Dardanel Onentas financial ratios help investors to determine whether Dardanel 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 Dardanel with respect to the benefits of owning Dardanel Onentas security.