ODAS Elektrik (Turkey) Market Value
| ODAS Stock | TRY 6.56 0.06 0.91% |
| Symbol | ODAS |
ODAS Elektrik '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 ODAS Elektrik'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 ODAS Elektrik.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in ODAS Elektrik on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding ODAS Elektrik Uretim or generate 0.0% return on investment in ODAS Elektrik over 720 days. ODAS Elektrik is related to or competes with Aksa Enerji, Hektas Ticaret, Turkiye Sise, SASA Polyester, and Pegasus Hava. Odas Elektrik retim Sanayi Ticaret A.S., together with its subsidiaries, produces and sells electricity by natural gas c... More
ODAS Elektrik 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 ODAS Elektrik'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 ODAS Elektrik Uretim upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 3.55 |
ODAS Elektrik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODAS Elektrik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODAS Elektrik's standard deviation. In reality, there are many statistical measures that can use ODAS Elektrik historical prices to predict the future ODAS Elektrik's volatility.| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.0396 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2681 |
ODAS Elektrik Uretim Backtested Returns
ODAS Elektrik Uretim retains Efficiency (Sharpe Ratio) of -0.0121, which implies the firm had a -0.0121% return per unit of risk over the last 3 months. ODAS Elektrik exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ODAS Elektrik's market risk adjusted performance of 0.2781, and Semi Deviation of 2.99 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, ODAS Elektrik's returns are expected to increase less than the market. However, during the bear market, the loss of holding ODAS Elektrik is expected to be smaller as well. At this point, ODAS Elektrik Uretim has a negative expected return of -0.0303%. Please make sure to check ODAS Elektrik's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if ODAS Elektrik Uretim performance from the past will be repeated in the future.
Auto-correlation | -0.81 |
Excellent reverse predictability
ODAS Elektrik Uretim has excellent reverse predictability. Overlapping area represents the amount of predictability between ODAS Elektrik time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 ODAS Elektrik Uretim price movement. The serial correlation of -0.81 indicates that around 81.0% of current ODAS Elektrik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
ODAS Elektrik Uretim lagged returns against current returns
Autocorrelation, which is ODAS Elektrik 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 ODAS Elektrik's stock expected returns. We can calculate the autocorrelation of ODAS Elektrik returns to help us make a trade decision. For example, suppose you find that ODAS Elektrik 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 |
ODAS Elektrik 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 ODAS Elektrik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODAS Elektrik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODAS Elektrik stock over time.
Current vs Lagged Prices |
| Timeline |
ODAS Elektrik Lagged Returns
When evaluating ODAS Elektrik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODAS Elektrik stock have on its future price. ODAS Elektrik 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, ODAS Elektrik autocorrelation shows the relationship between ODAS Elektrik stock current value and its past values and can show if there is a momentum factor associated with investing in ODAS Elektrik Uretim.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ODAS Stock Analysis
When running ODAS Elektrik's price analysis, check to measure ODAS Elektrik's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ODAS Elektrik is operating at the current time. Most of ODAS Elektrik's value examination focuses on studying past and present price action to predict the probability of ODAS Elektrik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODAS Elektrik's price. Additionally, you may evaluate how the addition of ODAS Elektrik to your portfolios can decrease your overall portfolio volatility.