Smart Gunes (Turkey) Market Value
| SMRTG Stock | 38.14 0.06 0.16% |
| Symbol | Smart |
Smart Gunes '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 Smart Gunes' 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 Smart Gunes.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Smart Gunes on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Smart Gunes Enerjisi or generate 0.0% return on investment in Smart Gunes over 30 days. Smart Gunes is related to or competes with Turkiye Kalkinma, ICBC Turkey, Politeknik Metal, Cuhadaroglu Metal, CEO Event, and E Data. More
Smart Gunes 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 Smart Gunes' 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 Smart Gunes Enerjisi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 3.68 |
Smart Gunes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart Gunes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smart Gunes' standard deviation. In reality, there are many statistical measures that can use Smart Gunes historical prices to predict the future Smart Gunes' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.89) |
Smart Gunes Enerjisi Backtested Returns
Smart Gunes Enerjisi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0658, which indicates the firm had a -0.0658% return per unit of risk over the last 3 months. Smart Gunes Enerjisi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smart Gunes' Risk Adjusted Performance of (0.03), variance of 6.67, and Coefficient Of Variation of (1,864) to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Smart Gunes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Smart Gunes is expected to be smaller as well. At this point, Smart Gunes Enerjisi has a negative expected return of -0.17%. Please make sure to validate Smart Gunes' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Smart Gunes Enerjisi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Smart Gunes Enerjisi has weak reverse predictability. Overlapping area represents the amount of predictability between Smart Gunes time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Smart Gunes Enerjisi price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Smart Gunes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Smart Gunes Enerjisi lagged returns against current returns
Autocorrelation, which is Smart Gunes 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 Smart Gunes' stock expected returns. We can calculate the autocorrelation of Smart Gunes returns to help us make a trade decision. For example, suppose you find that Smart Gunes 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 |
Smart Gunes 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 Smart Gunes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smart Gunes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smart Gunes stock over time.
Current vs Lagged Prices |
| Timeline |
Smart Gunes Lagged Returns
When evaluating Smart Gunes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smart Gunes stock have on its future price. Smart Gunes 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, Smart Gunes autocorrelation shows the relationship between Smart Gunes stock current value and its past values and can show if there is a momentum factor associated with investing in Smart Gunes Enerjisi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Smart Stock
Smart Gunes financial ratios help investors to determine whether Smart 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 Smart with respect to the benefits of owning Smart Gunes security.