Turk Traktor (Turkey) Market Value
| TTRAK Stock | TRY 748.50 6.50 0.88% |
| Symbol | Turk |
Turk Traktor '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 Turk Traktor'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 Turk Traktor.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Turk Traktor on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Turk Traktor ve or generate 0.0% return on investment in Turk Traktor over 270 days. Turk Traktor is related to or competes with QNB Finans, Pamel Yenilenebilir, Brisa Bridgestone, Dogus Gayrimenkul, Kent Gida, Akenerji Elektrik, and Yatas Yatak. Trk Traktr ve Ziraat Makineleri A.S. manufactures and sells farm tractors, harvesters, and other agricultural machinerie... More
Turk Traktor 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 Turk Traktor'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 Turk Traktor ve upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0021 | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.45 |
Turk Traktor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turk Traktor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turk Traktor's standard deviation. In reality, there are many statistical measures that can use Turk Traktor historical prices to predict the future Turk Traktor's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 0.1512 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | (0.56) |
Turk Traktor ve Backtested Returns
Turk Traktor appears to be very steady, given 3 months investment horizon. Turk Traktor ve owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Turk Traktor ve, which you can use to evaluate the volatility of the company. Please review Turk Traktor's Semi Deviation of 1.39, coefficient of variation of 1311.63, and Risk Adjusted Performance of 0.0641 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Turk Traktor holds a performance score of 8. The entity has a beta of -0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Turk Traktor are expected to decrease at a much lower rate. During the bear market, Turk Traktor is likely to outperform the market. Please check Turk Traktor's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Turk Traktor's existing price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Turk Traktor ve has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Turk Traktor time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Turk Traktor ve price movement. The serial correlation of -0.75 indicates that around 75.0% of current Turk Traktor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1608.65 |
Turk Traktor ve lagged returns against current returns
Autocorrelation, which is Turk Traktor 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 Turk Traktor's stock expected returns. We can calculate the autocorrelation of Turk Traktor returns to help us make a trade decision. For example, suppose you find that Turk Traktor 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 |
Turk Traktor 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 Turk Traktor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turk Traktor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turk Traktor stock over time.
Current vs Lagged Prices |
| Timeline |
Turk Traktor Lagged Returns
When evaluating Turk Traktor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turk Traktor stock have on its future price. Turk Traktor 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, Turk Traktor autocorrelation shows the relationship between Turk Traktor stock current value and its past values and can show if there is a momentum factor associated with investing in Turk Traktor ve.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Turk Stock
Turk Traktor financial ratios help investors to determine whether Turk 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 Turk with respect to the benefits of owning Turk Traktor security.