ICU Girisim (Turkey) Market Value
| ICUGS Stock | 27.58 0.60 2.22% |
| Symbol | ICU |
ICU Girisim '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 ICU Girisim'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 ICU Girisim.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in ICU Girisim on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding ICU Girisim Sermayesi or generate 0.0% return on investment in ICU Girisim over 30 days.
ICU Girisim 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 ICU Girisim'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 ICU Girisim Sermayesi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 6.75 |
ICU Girisim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICU Girisim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICU Girisim's standard deviation. In reality, there are many statistical measures that can use ICU Girisim historical prices to predict the future ICU Girisim's volatility.| Risk Adjusted Performance | 0.0057 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICU Girisim'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.
ICU Girisim Sermayesi Backtested Returns
ICU Girisim is not too volatile at the moment. ICU Girisim Sermayesi holds Efficiency (Sharpe) Ratio of 0.0267, which attests that the company had a 0.0267% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for ICU Girisim Sermayesi, which you can use to evaluate the volatility of the entity. Please check out ICU Girisim's coefficient of variation of (29,237), and Market Risk Adjusted Performance of (0.35) to validate if the risk estimate we provide is consistent with the expected return of 0.099%. ICU Girisim has a performance score of 2 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 0.0647, which attests to not very significant fluctuations relative to the market. As returns on the market increase, ICU Girisim's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICU Girisim is expected to be smaller as well. ICU Girisim Sermayesi currently retains a risk of 3.7%. Please check out ICU Girisim treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if ICU Girisim will be following its current trending patterns.
Auto-correlation | -0.55 |
Good reverse predictability
ICU Girisim Sermayesi has good reverse predictability. Overlapping area represents the amount of predictability between ICU Girisim time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 ICU Girisim Sermayesi price movement. The serial correlation of -0.55 indicates that about 55.0% of current ICU Girisim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
ICU Girisim Sermayesi lagged returns against current returns
Autocorrelation, which is ICU Girisim 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 ICU Girisim's stock expected returns. We can calculate the autocorrelation of ICU Girisim returns to help us make a trade decision. For example, suppose you find that ICU Girisim 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 |
ICU Girisim 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 ICU Girisim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICU Girisim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICU Girisim stock over time.
Current vs Lagged Prices |
| Timeline |
ICU Girisim Lagged Returns
When evaluating ICU Girisim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICU Girisim stock have on its future price. ICU Girisim 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, ICU Girisim autocorrelation shows the relationship between ICU Girisim stock current value and its past values and can show if there is a momentum factor associated with investing in ICU Girisim Sermayesi.
Regressed Prices |
| Timeline |