Sonmez Pamuklu (Turkey) Market Value
| SNPAM Stock | TRY 60.30 0.70 1.17% |
| Symbol | Sonmez |
Sonmez Pamuklu '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 Sonmez Pamuklu'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 Sonmez Pamuklu.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Sonmez Pamuklu on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Sonmez Pamuklu Sanayii or generate 0.0% return on investment in Sonmez Pamuklu over 720 days. Sonmez Pamuklu is related to or competes with Politeknik Metal, Gentas Genel, ICBC Turkey, Cuhadaroglu Metal, Bms Birlesik, Sekerbank TAS, and Turkish Airlines. Snmez Pamuklu Sanayii Anonim Sirketi manufactures ring yarn in Turkey More
Sonmez Pamuklu 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 Sonmez Pamuklu'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 Sonmez Pamuklu Sanayii upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.9 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 6.21 |
Sonmez Pamuklu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonmez Pamuklu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonmez Pamuklu's standard deviation. In reality, there are many statistical measures that can use Sonmez Pamuklu historical prices to predict the future Sonmez Pamuklu's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.15) |
Sonmez Pamuklu Sanayii Backtested Returns
Sonmez Pamuklu Sanayii owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0065, which indicates the firm had a -0.0065% return per unit of risk over the last 3 months. Sonmez Pamuklu Sanayii exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonmez Pamuklu's Variance of 10.34, risk adjusted performance of 0.0027, and Coefficient Of Variation of (15,453) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sonmez Pamuklu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonmez Pamuklu is expected to be smaller as well. At this point, Sonmez Pamuklu Sanayii has a negative expected return of -0.0208%. Please make sure to validate Sonmez Pamuklu's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Sonmez Pamuklu Sanayii performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Sonmez Pamuklu Sanayii has modest reverse predictability. Overlapping area represents the amount of predictability between Sonmez Pamuklu time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Sonmez Pamuklu Sanayii price movement. The serial correlation of -0.48 indicates that about 48.0% of current Sonmez Pamuklu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 571.41 |
Sonmez Pamuklu Sanayii lagged returns against current returns
Autocorrelation, which is Sonmez Pamuklu 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 Sonmez Pamuklu's stock expected returns. We can calculate the autocorrelation of Sonmez Pamuklu returns to help us make a trade decision. For example, suppose you find that Sonmez Pamuklu 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 |
Sonmez Pamuklu 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 Sonmez Pamuklu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonmez Pamuklu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonmez Pamuklu stock over time.
Current vs Lagged Prices |
| Timeline |
Sonmez Pamuklu Lagged Returns
When evaluating Sonmez Pamuklu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonmez Pamuklu stock have on its future price. Sonmez Pamuklu 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, Sonmez Pamuklu autocorrelation shows the relationship between Sonmez Pamuklu stock current value and its past values and can show if there is a momentum factor associated with investing in Sonmez Pamuklu Sanayii.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sonmez Stock
Sonmez Pamuklu financial ratios help investors to determine whether Sonmez 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 Sonmez with respect to the benefits of owning Sonmez Pamuklu security.