Ekiz Kimya (Turkey) Market Value
| EKIZ Stock | TRY 58.00 0.90 1.58% |
| Symbol | Ekiz |
Ekiz Kimya '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 Ekiz Kimya'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 Ekiz Kimya.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Ekiz Kimya on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Ekiz Kimya Sanayi or generate 0.0% return on investment in Ekiz Kimya over 720 days. Ekiz Kimya is related to or competes with Galatasaray Sportif, Koza Anadolu, Akcansa Cimento, Sodas Sodyum, and E Data. Ekiz Kimya Sanayi ve Ticaret Anonim Sirketi produces and sells olive oil products More
Ekiz Kimya 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 Ekiz Kimya'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 Ekiz Kimya Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.67 |
Ekiz Kimya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekiz Kimya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekiz Kimya's standard deviation. In reality, there are many statistical measures that can use Ekiz Kimya historical prices to predict the future Ekiz Kimya's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.11 |
Ekiz Kimya Sanayi Backtested Returns
Ekiz Kimya Sanayi secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Ekiz Kimya Sanayi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ekiz Kimya's Mean Deviation of 1.98, standard deviation of 2.46, and Variance of 6.07 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ekiz Kimya are expected to decrease at a much lower rate. During the bear market, Ekiz Kimya is likely to outperform the market. At this point, Ekiz Kimya Sanayi has a negative expected return of -0.29%. Please make sure to confirm Ekiz Kimya's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Ekiz Kimya Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Ekiz Kimya Sanayi has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ekiz Kimya time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Ekiz Kimya Sanayi price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Ekiz Kimya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 157.8 |
Ekiz Kimya Sanayi lagged returns against current returns
Autocorrelation, which is Ekiz Kimya 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 Ekiz Kimya's stock expected returns. We can calculate the autocorrelation of Ekiz Kimya returns to help us make a trade decision. For example, suppose you find that Ekiz Kimya 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 |
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Ekiz Kimya 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 Ekiz Kimya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekiz Kimya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekiz Kimya stock over time.
Current vs Lagged Prices |
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Ekiz Kimya Lagged Returns
When evaluating Ekiz Kimya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekiz Kimya stock have on its future price. Ekiz Kimya 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, Ekiz Kimya autocorrelation shows the relationship between Ekiz Kimya stock current value and its past values and can show if there is a momentum factor associated with investing in Ekiz Kimya Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ekiz Stock Analysis
When running Ekiz Kimya's price analysis, check to measure Ekiz Kimya'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 Ekiz Kimya is operating at the current time. Most of Ekiz Kimya's value examination focuses on studying past and present price action to predict the probability of Ekiz Kimya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ekiz Kimya's price. Additionally, you may evaluate how the addition of Ekiz Kimya to your portfolios can decrease your overall portfolio volatility.