Menderes Tekstil (Turkey) Market Value
| MNDRS Stock | TRY 9.28 0.15 1.64% |
| Symbol | Menderes |
Menderes Tekstil '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 Menderes Tekstil'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 Menderes Tekstil.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Menderes Tekstil on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Menderes Tekstil Sanayi or generate 0.0% return on investment in Menderes Tekstil over 30 days. Menderes Tekstil is related to or competes with Cuhadaroglu Metal, Akcansa Cimento, Bms Birlesik, Datagate Bilgisayar, Trabzonspor Sportif, and ICBC Turkey. Menderes Tekstil Sanayi ve Ticaret Anonim Sirketi produces and sells home textiles, upholstery fabrics, and lining and i... More
Menderes Tekstil 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 Menderes Tekstil'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 Menderes Tekstil Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.39 |
Menderes Tekstil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Menderes Tekstil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Menderes Tekstil's standard deviation. In reality, there are many statistical measures that can use Menderes Tekstil historical prices to predict the future Menderes Tekstil's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Menderes Tekstil'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.
Menderes Tekstil Sanayi Backtested Returns
Menderes Tekstil Sanayi has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14 % return per unit of risk over the last 3 months. Menderes Tekstil exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Menderes Tekstil's Risk Adjusted Performance of (0.1), mean deviation of 1.29, and Standard Deviation of 1.74 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Menderes Tekstil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Menderes Tekstil is expected to be smaller as well. At this point, Menderes Tekstil Sanayi has a negative expected return of -0.25%. Please make sure to verify Menderes Tekstil's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Menderes Tekstil Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Menderes Tekstil Sanayi has good predictability. Overlapping area represents the amount of predictability between Menderes Tekstil time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Menderes Tekstil Sanayi price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Menderes Tekstil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Menderes Tekstil Sanayi lagged returns against current returns
Autocorrelation, which is Menderes Tekstil 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 Menderes Tekstil's stock expected returns. We can calculate the autocorrelation of Menderes Tekstil returns to help us make a trade decision. For example, suppose you find that Menderes Tekstil 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 |
Menderes Tekstil 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 Menderes Tekstil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Menderes Tekstil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Menderes Tekstil stock over time.
Current vs Lagged Prices |
| Timeline |
Menderes Tekstil Lagged Returns
When evaluating Menderes Tekstil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Menderes Tekstil stock have on its future price. Menderes Tekstil 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, Menderes Tekstil autocorrelation shows the relationship between Menderes Tekstil stock current value and its past values and can show if there is a momentum factor associated with investing in Menderes Tekstil Sanayi.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Menderes Stock
Menderes Tekstil financial ratios help investors to determine whether Menderes 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 Menderes with respect to the benefits of owning Menderes Tekstil security.