Sodas Sodyum (Turkey) Market Value
| SODSN Stock | TRY 109.20 0.70 0.65% |
| Symbol | Sodas |
Sodas Sodyum '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 Sodas Sodyum'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 Sodas Sodyum.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Sodas Sodyum on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sodas Sodyum Sanayi or generate 0.0% return on investment in Sodas Sodyum over 90 days. Sodas Sodyum is related to or competes with Qnb Finansbank, QNB Finans, Turkiye Kalkinma, Kocaer Celik, and Cimentas Izmir. Sodas Sodyum Sanayii A.S. produces and sells chemicals in Turkey More
Sodas Sodyum 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 Sodas Sodyum'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 Sodas Sodyum Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 15.93 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.55 |
Sodas Sodyum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sodas Sodyum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sodas Sodyum's standard deviation. In reality, there are many statistical measures that can use Sodas Sodyum historical prices to predict the future Sodas Sodyum's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 1.18 |
Sodas Sodyum Sanayi Backtested Returns
Sodas Sodyum Sanayi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Sodas Sodyum Sanayi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sodas Sodyum's Coefficient Of Variation of (998.84), variance of 8.84, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sodas Sodyum are expected to decrease at a much lower rate. During the bear market, Sodas Sodyum is likely to outperform the market. At this point, Sodas Sodyum Sanayi has a negative expected return of -0.31%. Please make sure to validate Sodas Sodyum's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Sodas Sodyum Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Sodas Sodyum Sanayi has poor reverse predictability. Overlapping area represents the amount of predictability between Sodas Sodyum time series from 25th of August 2024 to 9th of October 2024 and 9th of October 2024 to 23rd 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 Sodas Sodyum Sanayi price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Sodas Sodyum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 10.17 |
Sodas Sodyum Sanayi lagged returns against current returns
Autocorrelation, which is Sodas Sodyum 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 Sodas Sodyum's stock expected returns. We can calculate the autocorrelation of Sodas Sodyum returns to help us make a trade decision. For example, suppose you find that Sodas Sodyum 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 |
Sodas Sodyum 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 Sodas Sodyum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sodas Sodyum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sodas Sodyum stock over time.
Current vs Lagged Prices |
| Timeline |
Sodas Sodyum Lagged Returns
When evaluating Sodas Sodyum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sodas Sodyum stock have on its future price. Sodas Sodyum 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, Sodas Sodyum autocorrelation shows the relationship between Sodas Sodyum stock current value and its past values and can show if there is a momentum factor associated with investing in Sodas Sodyum Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Sodas Stock
Sodas Sodyum financial ratios help investors to determine whether Sodas 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 Sodas with respect to the benefits of owning Sodas Sodyum security.