Tek Art (Turkey) Market Value
| TEKTU Stock | TRY 4.39 0.12 2.81% |
| Symbol | Tek |
Tek Art '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 Tek Art'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 Tek Art.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Tek Art on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Tek Art Insaat Ticaret or generate 0.0% return on investment in Tek Art over 360 days. Tek Art is related to or competes with Politeknik Metal, Gentas Genel, E Data, Creditwest Faktoring, Koza Anadolu, CEO Event, and Turkiye Kalkinma. Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS operates in the construction and tourism sectors More
Tek Art 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 Tek Art'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 Tek Art Insaat Ticaret upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (5.47) | |||
| Potential Upside | 5.14 |
Tek Art Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tek Art's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tek Art's standard deviation. In reality, there are many statistical measures that can use Tek Art historical prices to predict the future Tek Art's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tek Art's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tek Art Insaat Backtested Returns
Tek Art Insaat owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0479, which indicates the firm had a -0.0479% return per unit of risk over the last 3 months. Tek Art Insaat Ticaret exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tek Art's Risk Adjusted Performance of (0.07), variance of 9.57, and Coefficient Of Variation of (913.50) to confirm the risk estimate we provide. The entity has a beta of 0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tek Art's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tek Art is expected to be smaller as well. At this point, Tek Art Insaat has a negative expected return of -0.15%. Please make sure to validate Tek Art's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Tek Art Insaat performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Tek Art Insaat Ticaret has virtually no predictability. Overlapping area represents the amount of predictability between Tek Art time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Tek Art Insaat price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Tek Art price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Tek Art Insaat lagged returns against current returns
Autocorrelation, which is Tek Art 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 Tek Art's stock expected returns. We can calculate the autocorrelation of Tek Art returns to help us make a trade decision. For example, suppose you find that Tek Art 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 |
Tek Art 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 Tek Art stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tek Art stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tek Art stock over time.
Current vs Lagged Prices |
| Timeline |
Tek Art Lagged Returns
When evaluating Tek Art's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tek Art stock have on its future price. Tek Art 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, Tek Art autocorrelation shows the relationship between Tek Art stock current value and its past values and can show if there is a momentum factor associated with investing in Tek Art Insaat Ticaret.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Tek Stock
Tek Art financial ratios help investors to determine whether Tek 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 Tek with respect to the benefits of owning Tek Art security.