Nuh Cimento (Turkey) Market Value
| NUHCM Stock | TRY 313.25 12.25 4.07% |
| Symbol | Nuh |
Nuh Cimento '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 Nuh Cimento'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 Nuh Cimento.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Nuh Cimento on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Nuh Cimento Sanayi or generate 0.0% return on investment in Nuh Cimento over 420 days. Nuh Cimento is related to or competes with Qnb Finansbank, QNB Finans, Turkiye Kalkinma, Kocaer Celik, and Cimentas Izmir. Nuh imento Sanayi A.S. produces, sells, and exports cement and clinker in Turkey and internationally More
Nuh Cimento 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 Nuh Cimento'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 Nuh Cimento Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0368 | |||
| Maximum Drawdown | 14.38 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 4.87 |
Nuh Cimento Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuh Cimento's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuh Cimento's standard deviation. In reality, there are many statistical measures that can use Nuh Cimento historical prices to predict the future Nuh Cimento's volatility.| Risk Adjusted Performance | 0.0663 | |||
| Jensen Alpha | 0.2364 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0474 | |||
| Treynor Ratio | (0.51) |
Nuh Cimento Sanayi Backtested Returns
Nuh Cimento appears to be very steady, given 3 months investment horizon. Nuh Cimento 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. We have found thirty technical indicators for Nuh Cimento, which you can use to evaluate the volatility of the firm. Please exercise Nuh Cimento's Risk Adjusted Performance of 0.0663, downside deviation of 2.08, and Mean Deviation of 2.06 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nuh Cimento 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 Nuh Cimento are expected to decrease at a much lower rate. During the bear market, Nuh Cimento is likely to outperform the market. Please check Nuh Cimento's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Nuh Cimento's current price movements will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Nuh Cimento Sanayi has virtually no predictability. Overlapping area represents the amount of predictability between Nuh Cimento time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 Nuh Cimento Sanayi price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Nuh Cimento price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 307.92 |
Nuh Cimento Sanayi lagged returns against current returns
Autocorrelation, which is Nuh Cimento 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 Nuh Cimento's stock expected returns. We can calculate the autocorrelation of Nuh Cimento returns to help us make a trade decision. For example, suppose you find that Nuh Cimento 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 |
Nuh Cimento 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 Nuh Cimento stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuh Cimento stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuh Cimento stock over time.
Current vs Lagged Prices |
| Timeline |
Nuh Cimento Lagged Returns
When evaluating Nuh Cimento's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuh Cimento stock have on its future price. Nuh Cimento 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, Nuh Cimento autocorrelation shows the relationship between Nuh Cimento stock current value and its past values and can show if there is a momentum factor associated with investing in Nuh Cimento Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Nuh Stock
Nuh Cimento financial ratios help investors to determine whether Nuh 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 Nuh with respect to the benefits of owning Nuh Cimento security.