Netas Telekomunikasyon (Turkey) Market Value
NETAS Stock | TRY 72.70 1.30 1.82% |
Symbol | Netas |
Netas Telekomunikasyon '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 Netas Telekomunikasyon'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 Netas Telekomunikasyon.
10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Netas Telekomunikasyon on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Netas Telekomunikasyon AS or generate 0.0% return on investment in Netas Telekomunikasyon over 30 days. Netas Telekomunikasyon is related to or competes with Ege Endustri, Turkiye Petrol, AG Anadolu, Turkiye Garanti, Turkish Airlines, Ford Otomotiv, and Coca Cola. Netas Telekomnikasyon A.S. provides solutions in information and communication technologies in Turkey and internationall... More
Netas Telekomunikasyon 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 Netas Telekomunikasyon'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 Netas Telekomunikasyon AS upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.08 | |||
Information Ratio | (0.04) | |||
Maximum Drawdown | 17.24 | |||
Value At Risk | (5.12) | |||
Potential Upside | 4.04 |
Netas Telekomunikasyon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Netas Telekomunikasyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Netas Telekomunikasyon's standard deviation. In reality, there are many statistical measures that can use Netas Telekomunikasyon historical prices to predict the future Netas Telekomunikasyon's volatility.Risk Adjusted Performance | 0.0077 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.50) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Netas Telekomunikasyon'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.
Netas Telekomunikasyon Backtested Returns
Netas Telekomunikasyon has Sharpe Ratio of -0.0751, which conveys that the firm had a -0.0751% return per unit of risk over the last 3 months. Netas Telekomunikasyon exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Netas Telekomunikasyon's Mean Deviation of 2.23, risk adjusted performance of 0.0077, and Downside Deviation of 3.08 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0596, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Netas Telekomunikasyon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Netas Telekomunikasyon is expected to be smaller as well. At this point, Netas Telekomunikasyon has a negative expected return of -0.21%. Please make sure to verify Netas Telekomunikasyon's potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Netas Telekomunikasyon performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Netas Telekomunikasyon AS has poor reverse predictability. Overlapping area represents the amount of predictability between Netas Telekomunikasyon time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Netas Telekomunikasyon price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Netas Telekomunikasyon price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.36 | |
Spearman Rank Test | -0.28 | |
Residual Average | 0.0 | |
Price Variance | 0.41 |
Netas Telekomunikasyon lagged returns against current returns
Autocorrelation, which is Netas Telekomunikasyon 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 Netas Telekomunikasyon's stock expected returns. We can calculate the autocorrelation of Netas Telekomunikasyon returns to help us make a trade decision. For example, suppose you find that Netas Telekomunikasyon 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 |
Netas Telekomunikasyon 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 Netas Telekomunikasyon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Netas Telekomunikasyon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Netas Telekomunikasyon stock over time.
Current vs Lagged Prices |
Timeline |
Netas Telekomunikasyon Lagged Returns
When evaluating Netas Telekomunikasyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Netas Telekomunikasyon stock have on its future price. Netas Telekomunikasyon 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, Netas Telekomunikasyon autocorrelation shows the relationship between Netas Telekomunikasyon stock current value and its past values and can show if there is a momentum factor associated with investing in Netas Telekomunikasyon AS.
Regressed Prices |
Timeline |
Thematic Opportunities
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Other Information on Investing in Netas Stock
Netas Telekomunikasyon financial ratios help investors to determine whether Netas 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 Netas with respect to the benefits of owning Netas Telekomunikasyon security.