Izmir Demir (Turkey) Market Value
| IZMDC Stock | TRY 5.29 0.03 0.57% |
| Symbol | Izmir |
Izmir Demir '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 Izmir Demir'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 Izmir Demir.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Izmir Demir on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Izmir Demir Celik or generate 0.0% return on investment in Izmir Demir over 30 days. Izmir Demir is related to or competes with Trend Gayrimenkul, Trabzon Liman, Halk Gayrimenkul, and Inveo Yatirim. Izmir Demir elik Sanayi Anonim Sirketi, together with its subsidiaries, produces and sells steel in Turkey and internati... More
Izmir Demir 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 Izmir Demir'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 Izmir Demir Celik upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.72 |
Izmir Demir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Izmir Demir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Izmir Demir's standard deviation. In reality, there are many statistical measures that can use Izmir Demir historical prices to predict the future Izmir Demir's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Izmir Demir'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.
Izmir Demir Celik Backtested Returns
Izmir Demir Celik holds Efficiency (Sharpe) Ratio of -0.0522, which attests that the entity had a -0.0522% return per unit of risk over the last 3 months. Izmir Demir Celik exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Izmir Demir's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.09), and Standard Deviation of 1.75 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Izmir Demir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Izmir Demir is expected to be smaller as well. At this point, Izmir Demir Celik has a negative expected return of -0.0907%. Please make sure to check out Izmir Demir's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Izmir Demir Celik performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Izmir Demir Celik has average predictability. Overlapping area represents the amount of predictability between Izmir Demir time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Izmir Demir Celik price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Izmir Demir price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Izmir Demir Celik lagged returns against current returns
Autocorrelation, which is Izmir Demir 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 Izmir Demir's stock expected returns. We can calculate the autocorrelation of Izmir Demir returns to help us make a trade decision. For example, suppose you find that Izmir Demir 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 |
Izmir Demir 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 Izmir Demir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Izmir Demir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Izmir Demir stock over time.
Current vs Lagged Prices |
| Timeline |
Izmir Demir Lagged Returns
When evaluating Izmir Demir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Izmir Demir stock have on its future price. Izmir Demir 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, Izmir Demir autocorrelation shows the relationship between Izmir Demir stock current value and its past values and can show if there is a momentum factor associated with investing in Izmir Demir Celik.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Izmir Stock
Izmir Demir financial ratios help investors to determine whether Izmir 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 Izmir with respect to the benefits of owning Izmir Demir security.