Ege Endustri (Turkey) Market Value
| EGEEN Stock | TRY 10,910 22.50 0.21% |
| Symbol | Ege |
Ege Endustri '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 Ege Endustri'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 Ege Endustri.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Ege Endustri on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Ege Endustri ve or generate 0.0% return on investment in Ege Endustri over 720 days. Ege Endustri is related to or competes with Ford Otomotiv, Tofas Turk, Hektas Ticaret, Eregli Demir, and Aksa Akrilik. Ege Endstri ve Ticaret A.S. develops, manufactures, and sells axle and axle parts for the automotive industry in Turkey ... More
Ege Endustri 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 Ege Endustri'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 Ege Endustri ve upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0065 | |||
| Maximum Drawdown | 14.68 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 5.02 |
Ege Endustri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ege Endustri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ege Endustri's standard deviation. In reality, there are many statistical measures that can use Ege Endustri historical prices to predict the future Ege Endustri's volatility.| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.187 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.008 | |||
| Treynor Ratio | (0.35) |
Ege Endustri ve Backtested Returns
Ege Endustri is very steady at the moment. Ege Endustri ve secures Sharpe Ratio (or Efficiency) of 0.0215, which denotes the company had a 0.0215% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ege Endustri ve, which you can use to evaluate the volatility of the firm. Please confirm Ege Endustri's Mean Deviation of 2.13, coefficient of variation of 1912.23, and Downside Deviation of 2.33 to check if the risk estimate we provide is consistent with the expected return of 0.0603%. Ege Endustri has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ege Endustri are expected to decrease at a much lower rate. During the bear market, Ege Endustri is likely to outperform the market. Ege Endustri ve right now shows a risk of 2.8%. Please confirm Ege Endustri ve downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Ege Endustri ve will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Ege Endustri ve has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Ege Endustri time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Ege Endustri ve price movement. The serial correlation of -0.71 indicates that around 71.0% of current Ege Endustri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.3 M |
Ege Endustri ve lagged returns against current returns
Autocorrelation, which is Ege Endustri 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 Ege Endustri's stock expected returns. We can calculate the autocorrelation of Ege Endustri returns to help us make a trade decision. For example, suppose you find that Ege Endustri 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 |
Ege Endustri 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 Ege Endustri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ege Endustri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ege Endustri stock over time.
Current vs Lagged Prices |
| Timeline |
Ege Endustri Lagged Returns
When evaluating Ege Endustri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ege Endustri stock have on its future price. Ege Endustri 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, Ege Endustri autocorrelation shows the relationship between Ege Endustri stock current value and its past values and can show if there is a momentum factor associated with investing in Ege Endustri ve.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ege Stock
Ege Endustri financial ratios help investors to determine whether Ege 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 Ege with respect to the benefits of owning Ege Endustri security.