ENKA Insaat (Turkey) Market Value
| ENKAI Stock | TRY 51.90 0.60 1.17% |
| Symbol | ENKA |
ENKA Insaat '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 ENKA Insaat'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 ENKA Insaat.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ENKA Insaat on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ENKA Insaat ve or generate 0.0% return on investment in ENKA Insaat over 30 days. ENKA Insaat is related to or competes with QNB Finans, Pamel Yenilenebilir, Brisa Bridgestone, Dogus Gayrimenkul, Kent Gida, Akenerji Elektrik, and Yatas Yatak. Enka Insaat ve Sanayi A.S., together with its subsidiaries, operates as a construction company in Turkey, Russia, Kazakh... More
ENKA Insaat 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 ENKA Insaat'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 ENKA Insaat ve upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 13.05 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 4.79 |
ENKA Insaat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENKA Insaat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENKA Insaat's standard deviation. In reality, there are many statistical measures that can use ENKA Insaat historical prices to predict the future ENKA Insaat's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.1062 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | 0.2877 |
ENKA Insaat ve Backtested Returns
ENKA Insaat is very steady at the moment. ENKA Insaat ve secures Sharpe Ratio (or Efficiency) of 0.0466, which denotes the company had a 0.0466% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ENKA Insaat ve, which you can use to evaluate the volatility of the firm. Please confirm ENKA Insaat's Downside Deviation of 2.49, mean deviation of 2.23, and Semi Deviation of 2.26 to check if the risk estimate we provide is consistent with the expected return of 0.13%. ENKA Insaat has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.64, which means possible diversification benefits within a given portfolio. As returns on the market increase, ENKA Insaat's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENKA Insaat is expected to be smaller as well. ENKA Insaat ve now shows a risk of 2.69%. Please confirm ENKA Insaat ve jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if ENKA Insaat ve will be following its price patterns.
Auto-correlation | -0.81 |
Excellent reverse predictability
ENKA Insaat ve has excellent reverse predictability. Overlapping area represents the amount of predictability between ENKA Insaat time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 ENKA Insaat ve price movement. The serial correlation of -0.81 indicates that around 81.0% of current ENKA Insaat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3.98 |
ENKA Insaat ve lagged returns against current returns
Autocorrelation, which is ENKA Insaat 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 ENKA Insaat's stock expected returns. We can calculate the autocorrelation of ENKA Insaat returns to help us make a trade decision. For example, suppose you find that ENKA Insaat 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 |
ENKA Insaat 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 ENKA Insaat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENKA Insaat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENKA Insaat stock over time.
Current vs Lagged Prices |
| Timeline |
ENKA Insaat Lagged Returns
When evaluating ENKA Insaat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENKA Insaat stock have on its future price. ENKA Insaat 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, ENKA Insaat autocorrelation shows the relationship between ENKA Insaat stock current value and its past values and can show if there is a momentum factor associated with investing in ENKA Insaat ve.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ENKA Stock
ENKA Insaat financial ratios help investors to determine whether ENKA 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 ENKA with respect to the benefits of owning ENKA Insaat security.