Pegasus Hava (Turkey) Market Value
| PGSUS Stock | TRY 217.80 0.80 0.37% |
| Symbol | Pegasus |
Pegasus Hava '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 Pegasus Hava'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 Pegasus Hava.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pegasus Hava on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Pegasus Hava Tasimaciligi or generate 0.0% return on investment in Pegasus Hava over 180 days. Pegasus Hava is related to or competes with Aselsan Elektronik, Turkiye Petrol, Turkiye Sise, and Eregli Demir. Pegasus Hava Tasimaciligi Anonim Sirketi, together with its subsidiaries, provides airline services More
Pegasus Hava 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 Pegasus Hava'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 Pegasus Hava Tasimaciligi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.38 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.21 |
Pegasus Hava Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pegasus Hava's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pegasus Hava's standard deviation. In reality, there are many statistical measures that can use Pegasus Hava historical prices to predict the future Pegasus Hava's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pegasus Hava'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.
Pegasus Hava Tasimaciligi Backtested Returns
Pegasus Hava Tasimaciligi maintains Sharpe Ratio (i.e., Efficiency) of -0.0499, which implies the firm had a -0.0499% return per unit of risk over the last 3 months. Pegasus Hava Tasimaciligi exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pegasus Hava's Semi Deviation of 2.21, risk adjusted performance of 0.0093, and Coefficient Of Variation of 28114.56 to confirm the risk estimate we provide. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Pegasus Hava returns are very sensitive to returns on the market. As the market goes up or down, Pegasus Hava is expected to follow. At this point, Pegasus Hava Tasimaciligi has a negative expected return of -0.11%. Please make sure to check Pegasus Hava's treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Pegasus Hava Tasimaciligi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Pegasus Hava Tasimaciligi has very weak reverse predictability. Overlapping area represents the amount of predictability between Pegasus Hava time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Pegasus Hava Tasimaciligi price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Pegasus Hava price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 57.92 |
Pegasus Hava Tasimaciligi lagged returns against current returns
Autocorrelation, which is Pegasus Hava 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 Pegasus Hava's stock expected returns. We can calculate the autocorrelation of Pegasus Hava returns to help us make a trade decision. For example, suppose you find that Pegasus Hava 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 |
Pegasus Hava 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 Pegasus Hava stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pegasus Hava stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pegasus Hava stock over time.
Current vs Lagged Prices |
| Timeline |
Pegasus Hava Lagged Returns
When evaluating Pegasus Hava's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pegasus Hava stock have on its future price. Pegasus Hava 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, Pegasus Hava autocorrelation shows the relationship between Pegasus Hava stock current value and its past values and can show if there is a momentum factor associated with investing in Pegasus Hava Tasimaciligi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Pegasus Stock
Pegasus Hava financial ratios help investors to determine whether Pegasus 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 Pegasus with respect to the benefits of owning Pegasus Hava security.