Politeknik Metal (Turkey) Market Value
| POLTK Stock | TRY 7,178 652.50 10.00% |
| Symbol | Politeknik |
Politeknik Metal '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 Politeknik Metal'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 Politeknik Metal.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Politeknik Metal on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Politeknik Metal Sanayi or generate 0.0% return on investment in Politeknik Metal over 720 days. Politeknik Metal is related to or competes with Sekerbank TAS, Cuhadaroglu Metal, Datagate Bilgisayar, Akbank TAS, and Qnb Finansbank. Politeknik Metal Sanayi ve Ticaret Anonim Sirketi manufactures and sells aluminum surface treatment chemicals in Turkey More
Politeknik Metal 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 Politeknik Metal'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 Politeknik Metal Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.38 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 4.25 |
Politeknik Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Politeknik Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Politeknik Metal's standard deviation. In reality, there are many statistical measures that can use Politeknik Metal historical prices to predict the future Politeknik Metal's volatility.| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1533 |
Politeknik Metal Sanayi Backtested Returns
Politeknik Metal Sanayi maintains Sharpe Ratio (i.e., Efficiency) of -0.0348, which implies the firm had a -0.0348% return per unit of risk over the last 3 months. Politeknik Metal Sanayi exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Politeknik Metal's Coefficient Of Variation of 4118.35, risk adjusted performance of 0.0259, and Semi Deviation of 2.31 to confirm the risk estimate we provide. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Politeknik Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Politeknik Metal is expected to be smaller as well. At this point, Politeknik Metal Sanayi has a negative expected return of -0.0908%. Please make sure to check Politeknik Metal's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Politeknik Metal Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Politeknik Metal Sanayi has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Politeknik Metal time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Politeknik Metal Sanayi price movement. The serial correlation of -0.75 indicates that around 75.0% of current Politeknik Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 39.3 M |
Politeknik Metal Sanayi lagged returns against current returns
Autocorrelation, which is Politeknik Metal 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 Politeknik Metal's stock expected returns. We can calculate the autocorrelation of Politeknik Metal returns to help us make a trade decision. For example, suppose you find that Politeknik Metal 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 |
Politeknik Metal 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 Politeknik Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Politeknik Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Politeknik Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Politeknik Metal Lagged Returns
When evaluating Politeknik Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Politeknik Metal stock have on its future price. Politeknik Metal 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, Politeknik Metal autocorrelation shows the relationship between Politeknik Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Politeknik Metal Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Politeknik Stock
Politeknik Metal financial ratios help investors to determine whether Politeknik 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 Politeknik with respect to the benefits of owning Politeknik Metal security.