Mazhar Zorlu (Turkey) Market Value
| MZHLD Stock | TRY 6.96 0.14 1.97% |
| Symbol | Mazhar |
Mazhar Zorlu '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 Mazhar Zorlu'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 Mazhar Zorlu.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Mazhar Zorlu on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Mazhar Zorlu Holding or generate 0.0% return on investment in Mazhar Zorlu over 720 days. Mazhar Zorlu is related to or competes with Qnb Finansbank, Bms Birlesik, Koza Anadolu, and Trabzonspor Sportif. Mazhar Zorlu Holding A.S., through its subsidiaries, manufactures, sells, and markets various plastic pipes More
Mazhar Zorlu 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 Mazhar Zorlu'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 Mazhar Zorlu Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.66 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 3.52 |
Mazhar Zorlu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mazhar Zorlu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mazhar Zorlu's standard deviation. In reality, there are many statistical measures that can use Mazhar Zorlu historical prices to predict the future Mazhar Zorlu's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0557 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mazhar Zorlu'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.
Mazhar Zorlu Holding Backtested Returns
Mazhar Zorlu Holding has Sharpe Ratio of -7.0E-4, which conveys that the firm had a -7.0E-4% return per unit of risk over the last 3 months. Mazhar Zorlu exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mazhar Zorlu's Downside Deviation of 1.81, mean deviation of 1.67, and Risk Adjusted Performance of 0.0188 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mazhar Zorlu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mazhar Zorlu is expected to be smaller as well. At this point, Mazhar Zorlu Holding has a negative expected return of -0.0014%. Please make sure to verify Mazhar Zorlu's kurtosis, and the relationship between the downside variance and day median price , to decide if Mazhar Zorlu Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Mazhar Zorlu Holding has weak reverse predictability. Overlapping area represents the amount of predictability between Mazhar Zorlu time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Mazhar Zorlu Holding price movement. The serial correlation of -0.21 indicates that over 21.0% of current Mazhar Zorlu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Mazhar Zorlu Holding lagged returns against current returns
Autocorrelation, which is Mazhar Zorlu 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 Mazhar Zorlu's stock expected returns. We can calculate the autocorrelation of Mazhar Zorlu returns to help us make a trade decision. For example, suppose you find that Mazhar Zorlu 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 |
Mazhar Zorlu 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 Mazhar Zorlu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mazhar Zorlu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mazhar Zorlu stock over time.
Current vs Lagged Prices |
| Timeline |
Mazhar Zorlu Lagged Returns
When evaluating Mazhar Zorlu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mazhar Zorlu stock have on its future price. Mazhar Zorlu 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, Mazhar Zorlu autocorrelation shows the relationship between Mazhar Zorlu stock current value and its past values and can show if there is a momentum factor associated with investing in Mazhar Zorlu Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Mazhar Stock
Mazhar Zorlu financial ratios help investors to determine whether Mazhar 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 Mazhar with respect to the benefits of owning Mazhar Zorlu security.