Suwen Tekstil (Turkey) Market Value
| SUWEN Stock | 29.00 0.92 3.07% |
| Symbol | Suwen |
Suwen Tekstil '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 Suwen Tekstil'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 Suwen Tekstil.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Suwen Tekstil on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Suwen Tekstil Sanayi or generate 0.0% return on investment in Suwen Tekstil over 30 days. Suwen Tekstil is related to or competes with Rodrigo Tekstil, Derluks Yatirim, Brisa Bridgestone, Dogus Gayrimenkul, Logo Yazilim, Ege Gubre, and Prizma Pres. More
Suwen Tekstil 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 Suwen Tekstil'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 Suwen Tekstil Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.21 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 4.39 |
Suwen Tekstil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suwen Tekstil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suwen Tekstil's standard deviation. In reality, there are many statistical measures that can use Suwen Tekstil historical prices to predict the future Suwen Tekstil's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.0427 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.02) |
Suwen Tekstil Sanayi Backtested Returns
Suwen Tekstil Sanayi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0405, which indicates the firm had a -0.0405% return per unit of risk over the last 3 months. Suwen Tekstil Sanayi exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suwen Tekstil's Risk Adjusted Performance of 0.0119, semi deviation of 1.86, and Coefficient Of Variation of 14722.31 to confirm the risk estimate we provide. The entity has a beta of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Suwen Tekstil are expected to decrease at a much lower rate. During the bear market, Suwen Tekstil is likely to outperform the market. At this point, Suwen Tekstil Sanayi has a negative expected return of -0.089%. Please make sure to validate Suwen Tekstil's semi variance, as well as the relationship between the daily balance of power and price action indicator , to decide if Suwen Tekstil Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Suwen Tekstil Sanayi has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Suwen Tekstil time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Suwen Tekstil Sanayi price movement. The serial correlation of -0.73 indicates that around 73.0% of current Suwen Tekstil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Suwen Tekstil Sanayi lagged returns against current returns
Autocorrelation, which is Suwen Tekstil 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 Suwen Tekstil's stock expected returns. We can calculate the autocorrelation of Suwen Tekstil returns to help us make a trade decision. For example, suppose you find that Suwen Tekstil 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 |
Suwen Tekstil 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 Suwen Tekstil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suwen Tekstil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suwen Tekstil stock over time.
Current vs Lagged Prices |
| Timeline |
Suwen Tekstil Lagged Returns
When evaluating Suwen Tekstil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suwen Tekstil stock have on its future price. Suwen Tekstil 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, Suwen Tekstil autocorrelation shows the relationship between Suwen Tekstil stock current value and its past values and can show if there is a momentum factor associated with investing in Suwen Tekstil Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Suwen Stock
Suwen Tekstil financial ratios help investors to determine whether Suwen 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 Suwen with respect to the benefits of owning Suwen Tekstil security.