ICBC Turkey (Turkey) Market Value
| ICBCT Stock | TRY 14.15 0.26 1.87% |
| Symbol | ICBC |
ICBC Turkey '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 ICBC Turkey'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 ICBC Turkey.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ICBC Turkey on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ICBC Turkey Bank or generate 0.0% return on investment in ICBC Turkey over 30 days. ICBC Turkey is related to or competes with Sekerbank TAS, Politeknik Metal, Gentas Genel, Koza Anadolu, and Turkiye Kalkinma. ICBC Turkey Bank A.S., together with its subsidiaries, provides various banking products and services in Turkey More
ICBC Turkey 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 ICBC Turkey'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 ICBC Turkey Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.04 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.37 |
ICBC Turkey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICBC Turkey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICBC Turkey's standard deviation. In reality, there are many statistical measures that can use ICBC Turkey historical prices to predict the future ICBC Turkey's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0624 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICBC Turkey'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.
ICBC Turkey Bank Backtested Returns
ICBC Turkey is not too volatile at the moment. ICBC Turkey Bank retains Efficiency (Sharpe Ratio) of 0.0772, which attests that the company had a 0.0772% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ICBC Turkey, which you can use to evaluate the volatility of the entity. Please check out ICBC Turkey's Downside Deviation of 1.85, market risk adjusted performance of 0.0724, and Semi Deviation of 1.78 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. ICBC Turkey has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ICBC Turkey's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICBC Turkey is expected to be smaller as well. ICBC Turkey Bank at this moment owns a risk of 2.02%. Please check out ICBC Turkey Bank maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if ICBC Turkey Bank will be following its current price history.
Auto-correlation | 0.28 |
Poor predictability
ICBC Turkey Bank has poor predictability. Overlapping area represents the amount of predictability between ICBC Turkey time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 ICBC Turkey Bank price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current ICBC Turkey price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
ICBC Turkey Bank lagged returns against current returns
Autocorrelation, which is ICBC Turkey 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 ICBC Turkey's stock expected returns. We can calculate the autocorrelation of ICBC Turkey returns to help us make a trade decision. For example, suppose you find that ICBC Turkey 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 |
ICBC Turkey 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 ICBC Turkey stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICBC Turkey stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICBC Turkey stock over time.
Current vs Lagged Prices |
| Timeline |
ICBC Turkey Lagged Returns
When evaluating ICBC Turkey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICBC Turkey stock have on its future price. ICBC Turkey 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, ICBC Turkey autocorrelation shows the relationship between ICBC Turkey stock current value and its past values and can show if there is a momentum factor associated with investing in ICBC Turkey Bank.
Regressed Prices |
| Timeline |
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Other Information on Investing in ICBC Stock
ICBC Turkey financial ratios help investors to determine whether ICBC 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 ICBC with respect to the benefits of owning ICBC Turkey security.