Euro Menkul (Turkey) Market Value
| EUYO Stock | TRY 10.16 0.03 0.30% |
| Symbol | Euro |
Euro Menkul '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 Euro Menkul'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 Euro Menkul.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Euro Menkul on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Euro Menkul Kiymet or generate 0.0% return on investment in Euro Menkul over 30 days. Euro Menkul is related to or competes with Gentas Genel, Koza Anadolu, Politeknik Metal, Bms Birlesik, Datagate Bilgisayar, and CEO Event. Euro Menkul Kiymet Yatirim Ortakligi Anonim Sirketi manages a portfolio of funds arising from capital market instruments... More
Euro Menkul 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 Euro Menkul'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 Euro Menkul Kiymet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.7 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.96 |
Euro Menkul Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euro Menkul's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euro Menkul's standard deviation. In reality, there are many statistical measures that can use Euro Menkul historical prices to predict the future Euro Menkul's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.52) |
Euro Menkul Kiymet Backtested Returns
Euro Menkul Kiymet secures Sharpe Ratio (or Efficiency) of -0.0239, which denotes the company had a -0.0239% return per unit of risk over the last 3 months. Euro Menkul Kiymet exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Euro Menkul's Mean Deviation of 1.95, standard deviation of 2.58, and Variance of 6.66 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Euro Menkul's returns are expected to increase less than the market. However, during the bear market, the loss of holding Euro Menkul is expected to be smaller as well. At this point, Euro Menkul Kiymet has a negative expected return of -0.0603%. Please make sure to confirm Euro Menkul's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Euro Menkul Kiymet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Euro Menkul Kiymet has average predictability. Overlapping area represents the amount of predictability between Euro Menkul time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Euro Menkul Kiymet price movement. The serial correlation of 0.48 indicates that about 48.0% of current Euro Menkul price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Euro Menkul Kiymet lagged returns against current returns
Autocorrelation, which is Euro Menkul 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 Euro Menkul's stock expected returns. We can calculate the autocorrelation of Euro Menkul returns to help us make a trade decision. For example, suppose you find that Euro Menkul 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 |
Euro Menkul 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 Euro Menkul stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euro Menkul stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euro Menkul stock over time.
Current vs Lagged Prices |
| Timeline |
Euro Menkul Lagged Returns
When evaluating Euro Menkul's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euro Menkul stock have on its future price. Euro Menkul 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, Euro Menkul autocorrelation shows the relationship between Euro Menkul stock current value and its past values and can show if there is a momentum factor associated with investing in Euro Menkul Kiymet.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Euro Stock Analysis
When running Euro Menkul's price analysis, check to measure Euro Menkul'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 Euro Menkul is operating at the current time. Most of Euro Menkul's value examination focuses on studying past and present price action to predict the probability of Euro Menkul's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euro Menkul's price. Additionally, you may evaluate how the addition of Euro Menkul to your portfolios can decrease your overall portfolio volatility.