Desa Deri (Turkey) Market Value
| DESA Stock | TRY 20.88 1.16 5.26% |
| Symbol | Desa |
Desa Deri '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 Desa Deri'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 Desa Deri.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Desa Deri on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Desa Deri Sanayi or generate 0.0% return on investment in Desa Deri over 30 days. Desa Deri is related to or competes with E Data, Creditwest Faktoring, Akbank TAS, Koza Anadolu, Silverline Endustri, Akcansa Cimento, and Gentas Genel. Desa Deri Sanayi ve Ticaret A.S. manufactures, imports, and export, and sells leather and leather products primarily in ... More
Desa Deri 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 Desa Deri'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 Desa Deri Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.0125 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 6.35 |
Desa Deri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desa Deri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desa Deri's standard deviation. In reality, there are many statistical measures that can use Desa Deri historical prices to predict the future Desa Deri's volatility.| Risk Adjusted Performance | 0.0492 | |||
| Jensen Alpha | 0.0813 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0146 | |||
| Treynor Ratio | 0.247 |
Desa Deri Sanayi Backtested Returns
Currently, Desa Deri Sanayi is not too volatile. Desa Deri Sanayi secures Sharpe Ratio (or Efficiency) of 0.0389, which denotes the company had a 0.0389% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Desa Deri Sanayi, which you can use to evaluate the volatility of the firm. Please confirm Desa Deri's Coefficient Of Variation of 1834.08, downside deviation of 2.55, and Mean Deviation of 2.13 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Desa Deri has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Desa Deri's returns are expected to increase less than the market. However, during the bear market, the loss of holding Desa Deri is expected to be smaller as well. Desa Deri Sanayi right now shows a risk of 2.99%. Please confirm Desa Deri Sanayi total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Desa Deri Sanayi will be following its price patterns.
Auto-correlation | 0.67 |
Good predictability
Desa Deri Sanayi has good predictability. Overlapping area represents the amount of predictability between Desa Deri time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Desa Deri Sanayi price movement. The serial correlation of 0.67 indicates that around 67.0% of current Desa Deri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Desa Deri Sanayi lagged returns against current returns
Autocorrelation, which is Desa Deri 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 Desa Deri's stock expected returns. We can calculate the autocorrelation of Desa Deri returns to help us make a trade decision. For example, suppose you find that Desa Deri 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 |
Desa Deri 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 Desa Deri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desa Deri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desa Deri stock over time.
Current vs Lagged Prices |
| Timeline |
Desa Deri Lagged Returns
When evaluating Desa Deri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desa Deri stock have on its future price. Desa Deri 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, Desa Deri autocorrelation shows the relationship between Desa Deri stock current value and its past values and can show if there is a momentum factor associated with investing in Desa Deri Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Desa Stock Analysis
When running Desa Deri's price analysis, check to measure Desa Deri's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Desa Deri is operating at the current time. Most of Desa Deri's value examination focuses on studying past and present price action to predict the probability of Desa Deri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desa Deri's price. Additionally, you may evaluate how the addition of Desa Deri to your portfolios can decrease your overall portfolio volatility.