Petrokent Turizm (Turkey) Market Value
| PKENT Stock | TRY 247.00 12.90 5.51% |
| Symbol | Petrokent |
Petrokent Turizm '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 Petrokent Turizm'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 Petrokent Turizm.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Petrokent Turizm on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Petrokent Turizm AS or generate 0.0% return on investment in Petrokent Turizm over 360 days. Petrokent Turizm is related to or competes with Bms Birlesik, Koza Anadolu, CEO Event, Creditwest Faktoring, Datagate Bilgisayar, and Cuhadaroglu Metal. PETROKENT TURIZM operates under Resorts Casinos classification in Turkey and is traded on Istanbul Stock Exchange More
Petrokent Turizm 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 Petrokent Turizm'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 Petrokent Turizm AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0264 | |||
| Maximum Drawdown | 14.98 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 5.51 |
Petrokent Turizm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petrokent Turizm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petrokent Turizm's standard deviation. In reality, there are many statistical measures that can use Petrokent Turizm historical prices to predict the future Petrokent Turizm's volatility.| Risk Adjusted Performance | 0.0531 | |||
| Jensen Alpha | 0.173 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0351 | |||
| Treynor Ratio | 1.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Petrokent Turizm'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.
Petrokent Turizm Backtested Returns
Petrokent Turizm appears to be very steady, given 3 months investment horizon. Petrokent Turizm maintains Sharpe Ratio (i.e., Efficiency) of 0.0757, which implies the firm had a 0.0757% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Petrokent Turizm, which you can use to evaluate the volatility of the company. Please evaluate Petrokent Turizm's Semi Deviation of 2.12, risk adjusted performance of 0.0531, and Coefficient Of Variation of 1596.69 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Petrokent Turizm holds a performance score of 5. The company holds a Beta of 0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, Petrokent Turizm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petrokent Turizm is expected to be smaller as well. Please check Petrokent Turizm's downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Petrokent Turizm's historical price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Petrokent Turizm AS has very good reverse predictability. Overlapping area represents the amount of predictability between Petrokent Turizm time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 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 Petrokent Turizm price movement. The serial correlation of -0.66 indicates that around 66.0% of current Petrokent Turizm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 511.5 |
Petrokent Turizm lagged returns against current returns
Autocorrelation, which is Petrokent Turizm 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 Petrokent Turizm's stock expected returns. We can calculate the autocorrelation of Petrokent Turizm returns to help us make a trade decision. For example, suppose you find that Petrokent Turizm 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 |
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Petrokent Turizm 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 Petrokent Turizm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petrokent Turizm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petrokent Turizm stock over time.
Current vs Lagged Prices |
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Petrokent Turizm Lagged Returns
When evaluating Petrokent Turizm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petrokent Turizm stock have on its future price. Petrokent Turizm 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, Petrokent Turizm autocorrelation shows the relationship between Petrokent Turizm stock current value and its past values and can show if there is a momentum factor associated with investing in Petrokent Turizm AS.
Regressed Prices |
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Other Information on Investing in Petrokent Stock
Petrokent Turizm financial ratios help investors to determine whether Petrokent 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 Petrokent with respect to the benefits of owning Petrokent Turizm security.