Koza Altin (Turkey) Market Value
| KOZAL Stock | TRY 21.32 0.18 0.85% |
| Symbol | Koza |
Koza Altin '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 Koza Altin'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 Koza Altin.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Koza Altin on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Koza Altin Isletmeleri or generate 0.0% return on investment in Koza Altin over 90 days. Koza Altin is related to or competes with Qnb Finansbank, QNB Finans, Turkiye Kalkinma, and Kocaer Celik. Koza Altin Isletmeleri A.S., a gold mining company, acquires, explores for, and develops gold and silver projects in Tur... More
Koza Altin 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 Koza Altin'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 Koza Altin Isletmeleri upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 2.45 |
Koza Altin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Koza Altin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Koza Altin's standard deviation. In reality, there are many statistical measures that can use Koza Altin historical prices to predict the future Koza Altin's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (8.54) |
Koza Altin Isletmeleri Backtested Returns
Koza Altin Isletmeleri has Sharpe Ratio of -0.0941, which conveys that the firm had a -0.0941% return per unit of risk over the last 3 months. Koza Altin exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Koza Altin's Mean Deviation of 2.04, standard deviation of 2.8, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0506, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Koza Altin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Koza Altin is expected to be smaller as well. At this point, Koza Altin Isletmeleri has a negative expected return of -0.26%. Please make sure to verify Koza Altin's potential upside and rate of daily change , to decide if Koza Altin Isletmeleri performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Koza Altin Isletmeleri has good reverse predictability. Overlapping area represents the amount of predictability between Koza Altin time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Koza Altin Isletmeleri price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Koza Altin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Koza Altin Isletmeleri lagged returns against current returns
Autocorrelation, which is Koza Altin 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 Koza Altin's stock expected returns. We can calculate the autocorrelation of Koza Altin returns to help us make a trade decision. For example, suppose you find that Koza Altin 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 |
Koza Altin 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 Koza Altin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Koza Altin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Koza Altin stock over time.
Current vs Lagged Prices |
| Timeline |
Koza Altin Lagged Returns
When evaluating Koza Altin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Koza Altin stock have on its future price. Koza Altin 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, Koza Altin autocorrelation shows the relationship between Koza Altin stock current value and its past values and can show if there is a momentum factor associated with investing in Koza Altin Isletmeleri.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Koza Stock
Koza Altin financial ratios help investors to determine whether Koza 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 Koza with respect to the benefits of owning Koza Altin security.