Hektas Ticaret (Turkey) Market Value
| HEKTS Stock | TRY 3.99 0.18 4.72% |
| Symbol | Hektas |
Hektas Ticaret '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 Hektas Ticaret'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 Hektas Ticaret.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Hektas Ticaret on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Hektas Ticaret TAS or generate 0.0% return on investment in Hektas Ticaret over 510 days. Hektas Ticaret is related to or competes with SASA Polyester, Eregli Demir, Turkiye Sise, Ford Otomotiv, and Aksa Akrilik. Hektas Ticaret T.A.S. manufactures and markets agricultural chemicals and veterinary pharmaceuticals primarily in Turkey More
Hektas Ticaret 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 Hektas Ticaret'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 Hektas Ticaret TAS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.58 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 4.72 |
Hektas Ticaret Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hektas Ticaret's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hektas Ticaret's standard deviation. In reality, there are many statistical measures that can use Hektas Ticaret historical prices to predict the future Hektas Ticaret's volatility.| Risk Adjusted Performance | 4.0E-4 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hektas Ticaret's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hektas Ticaret TAS Backtested Returns
Hektas Ticaret is relatively risky at the moment. Hektas Ticaret TAS holds Efficiency (Sharpe) Ratio of 0.0038, which attests that the entity had a 0.0038% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Hektas Ticaret TAS, which you can use to evaluate the volatility of the firm. Please check out Hektas Ticaret's Standard Deviation of 3.24, risk adjusted performance of 4.0E-4, and Market Risk Adjusted Performance of (0.07) to validate if the risk estimate we provide is consistent with the expected return of 0.0126%. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hektas Ticaret's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hektas Ticaret is expected to be smaller as well. Hektas Ticaret TAS right now retains a risk of 3.28%. Please check out Hektas Ticaret standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Hektas Ticaret will be following its current trending patterns.
Auto-correlation | 0.88 |
Very good predictability
Hektas Ticaret TAS has very good predictability. Overlapping area represents the amount of predictability between Hektas Ticaret time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Hektas Ticaret TAS price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Hektas Ticaret price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Hektas Ticaret TAS lagged returns against current returns
Autocorrelation, which is Hektas Ticaret 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 Hektas Ticaret's stock expected returns. We can calculate the autocorrelation of Hektas Ticaret returns to help us make a trade decision. For example, suppose you find that Hektas Ticaret 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 |
Hektas Ticaret 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 Hektas Ticaret stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hektas Ticaret stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hektas Ticaret stock over time.
Current vs Lagged Prices |
| Timeline |
Hektas Ticaret Lagged Returns
When evaluating Hektas Ticaret's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hektas Ticaret stock have on its future price. Hektas Ticaret 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, Hektas Ticaret autocorrelation shows the relationship between Hektas Ticaret stock current value and its past values and can show if there is a momentum factor associated with investing in Hektas Ticaret TAS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Hektas Stock
Hektas Ticaret financial ratios help investors to determine whether Hektas 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 Hektas with respect to the benefits of owning Hektas Ticaret security.