Tukas Gida (Turkey) Market Value
| TUKAS Stock | TRY 6.64 0.09 1.37% |
| Symbol | Tukas |
Tukas Gida '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 Tukas Gida'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 Tukas Gida.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tukas Gida on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Tukas Gida Sanayi or generate 0.0% return on investment in Tukas Gida over 270 days. Tukas Gida is related to or competes with Gentas Genel, Creditwest Faktoring, Turkiye Kalkinma, Datagate Bilgisayar, Cuhadaroglu Metal, and Turkish Airlines. Tukas Gida Sanayi ve Ticaret A.S. manufactures and sells food products More
Tukas Gida 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 Tukas Gida'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 Tukas Gida Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 2.83 |
Tukas Gida Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tukas Gida's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tukas Gida's standard deviation. In reality, there are many statistical measures that can use Tukas Gida historical prices to predict the future Tukas Gida's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tukas Gida'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.
Tukas Gida Sanayi Backtested Returns
Tukas Gida Sanayi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Tukas Gida Sanayi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tukas Gida's Variance of 4.19, risk adjusted performance of (0.11), and Coefficient Of Variation of (665.24) to confirm the risk estimate we provide. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tukas Gida's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tukas Gida is expected to be smaller as well. At this point, Tukas Gida Sanayi has a negative expected return of -0.3%. Please make sure to validate Tukas Gida's skewness, as well as the relationship between the day median price and relative strength index , to decide if Tukas Gida Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Tukas Gida Sanayi has good predictability. Overlapping area represents the amount of predictability between Tukas Gida time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Tukas Gida Sanayi price movement. The serial correlation of 0.69 indicates that around 69.0% of current Tukas Gida price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Tukas Gida Sanayi lagged returns against current returns
Autocorrelation, which is Tukas Gida 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 Tukas Gida's stock expected returns. We can calculate the autocorrelation of Tukas Gida returns to help us make a trade decision. For example, suppose you find that Tukas Gida 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 |
Tukas Gida 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 Tukas Gida stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tukas Gida stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tukas Gida stock over time.
Current vs Lagged Prices |
| Timeline |
Tukas Gida Lagged Returns
When evaluating Tukas Gida's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tukas Gida stock have on its future price. Tukas Gida 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, Tukas Gida autocorrelation shows the relationship between Tukas Gida stock current value and its past values and can show if there is a momentum factor associated with investing in Tukas Gida Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Tukas Stock
Tukas Gida financial ratios help investors to determine whether Tukas 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 Tukas with respect to the benefits of owning Tukas Gida security.