Merko Gida (Turkey) Market Value
| MERKO Stock | TRY 15.36 0.29 1.85% |
| Symbol | Merko |
Merko Gida '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 Merko Gida'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 Merko Gida.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Merko Gida on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Merko Gida Sanayi or generate 0.0% return on investment in Merko Gida over 180 days. Merko Gida is related to or competes with E Data, Bms Birlesik, Politeknik Metal, Koza Anadolu, and Akcansa Cimento. Merko Gida Sanayi ve Ticaret A.S. operates as a processor and exporter of tomatoes into the raw material for the food in... More
Merko Gida 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 Merko Gida'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 Merko Gida Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.1203 | |||
| Maximum Drawdown | 17.63 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 9.97 |
Merko Gida Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merko Gida's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merko Gida's standard deviation. In reality, there are many statistical measures that can use Merko Gida historical prices to predict the future Merko Gida's volatility.| Risk Adjusted Performance | 0.123 | |||
| Jensen Alpha | 0.6716 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1475 | |||
| Treynor Ratio | (1.61) |
Merko Gida Sanayi Backtested Returns
Merko Gida appears to be somewhat reliable, given 3 months investment horizon. Merko Gida Sanayi has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Merko Gida's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Merko Gida's Risk Adjusted Performance of 0.123, downside deviation of 3.47, and Mean Deviation of 3.19 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Merko Gida holds a performance score of 11. The company secures a Beta (Market Risk) of -0.39, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Merko Gida are expected to decrease at a much lower rate. During the bear market, Merko Gida is likely to outperform the market. Please check Merko Gida's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Merko Gida's current price movements will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Merko Gida Sanayi has good reverse predictability. Overlapping area represents the amount of predictability between Merko Gida time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Merko Gida Sanayi price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Merko Gida price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.65 |
Merko Gida Sanayi lagged returns against current returns
Autocorrelation, which is Merko Gida 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 Merko Gida's stock expected returns. We can calculate the autocorrelation of Merko Gida returns to help us make a trade decision. For example, suppose you find that Merko Gida 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 |
Merko Gida 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 Merko Gida stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merko Gida stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merko Gida stock over time.
Current vs Lagged Prices |
| Timeline |
Merko Gida Lagged Returns
When evaluating Merko Gida's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merko Gida stock have on its future price. Merko Gida 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, Merko Gida autocorrelation shows the relationship between Merko Gida stock current value and its past values and can show if there is a momentum factor associated with investing in Merko Gida Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Merko Stock
Merko Gida financial ratios help investors to determine whether Merko 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 Merko with respect to the benefits of owning Merko Gida security.