Oyak Cimento (Turkey) Market Value
| OYAKC Stock | TRY 72.40 2.35 3.35% |
| Symbol | Oyak |
Oyak 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 Oyak 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 Oyak Cimento.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Oyak Cimento on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Oyak Cimento Fabrikalari or generate 0.0% return on investment in Oyak Cimento over 30 days. Oyak Cimento is related to or competes with Nuh Cimento, Konya Cimento, Cimsa Cimento, Akcansa Cimento, Yibitas Yozgat, and Baticim Bati. OYAK imento Fabrikalari A.S. produces and sells clinker and cement in Turkey More
Oyak 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 Oyak 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 Oyak Cimento Fabrikalari upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.35 |
Oyak Cimento Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oyak Cimento's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oyak Cimento's standard deviation. In reality, there are many statistical measures that can use Oyak Cimento historical prices to predict the future Oyak Cimento's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0798 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oyak Cimento'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.
Oyak Cimento Fabrikalari Backtested Returns
Oyak Cimento is very steady at the moment. Oyak Cimento Fabrikalari maintains Sharpe Ratio (i.e., Efficiency) of 0.0344, which implies the firm had a 0.0344% return per unit of risk over the last 3 months. We have found thirty technical indicators for Oyak Cimento Fabrikalari, which you can use to evaluate the volatility of the company. Please check Oyak Cimento's Semi Deviation of 2.01, risk adjusted performance of 0.0295, and Coefficient Of Variation of 3327.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0756%. Oyak Cimento has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.71, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Oyak Cimento's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oyak Cimento is expected to be smaller as well. Oyak Cimento Fabrikalari right now holds a risk of 2.2%. Please check Oyak Cimento Fabrikalari treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Oyak Cimento Fabrikalari will be following its historical price patterns.
Auto-correlation | 0.81 |
Very good predictability
Oyak Cimento Fabrikalari has very good predictability. Overlapping area represents the amount of predictability between Oyak Cimento time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Oyak Cimento Fabrikalari price movement. The serial correlation of 0.81 indicates that around 81.0% of current Oyak Cimento price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 7.18 |
Oyak Cimento Fabrikalari lagged returns against current returns
Autocorrelation, which is Oyak 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 Oyak Cimento's stock expected returns. We can calculate the autocorrelation of Oyak Cimento returns to help us make a trade decision. For example, suppose you find that Oyak 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 |
Oyak 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 Oyak Cimento stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oyak Cimento stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oyak Cimento stock over time.
Current vs Lagged Prices |
| Timeline |
Oyak Cimento Lagged Returns
When evaluating Oyak Cimento's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oyak Cimento stock have on its future price. Oyak 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, Oyak Cimento autocorrelation shows the relationship between Oyak Cimento stock current value and its past values and can show if there is a momentum factor associated with investing in Oyak Cimento Fabrikalari.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Oyak Stock
Oyak Cimento financial ratios help investors to determine whether Oyak 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 Oyak with respect to the benefits of owning Oyak Cimento security.