Yibitas Yozgat (Turkey) Market Value
| YBTAS Stock | TRY 102,000 2,985 2.84% |
| Symbol | Yibitas |
Yibitas Yozgat '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 Yibitas Yozgat'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 Yibitas Yozgat.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Yibitas Yozgat on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Yibitas Yozgat Isci or generate 0.0% return on investment in Yibitas Yozgat over 390 days. Yibitas Yozgat is related to or competes with Sodas Sodyum, Politeknik Metal, Akbank TAS, Galatasaray Sportif, and Cuhadaroglu Metal. Yibitas Yozgat Isi Birligi Insaat Malzemeleri Ticaret ve Sanayi A.S More
Yibitas Yozgat 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 Yibitas Yozgat'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 Yibitas Yozgat Isci upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.79 |
Yibitas Yozgat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yibitas Yozgat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yibitas Yozgat's standard deviation. In reality, there are many statistical measures that can use Yibitas Yozgat historical prices to predict the future Yibitas Yozgat's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (2.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yibitas Yozgat'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.
Yibitas Yozgat Isci Backtested Returns
Yibitas Yozgat Isci shows Sharpe Ratio of -0.18, which attests that the company had a -0.18% return per unit of risk over the last 3 months. Yibitas Yozgat Isci exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yibitas Yozgat's Mean Deviation of 2.01, market risk adjusted performance of (2.06), and Standard Deviation of 2.74 to validate the risk estimate we provide. The firm maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yibitas Yozgat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yibitas Yozgat is expected to be smaller as well. At this point, Yibitas Yozgat Isci has a negative expected return of -0.48%. Please make sure to check out Yibitas Yozgat's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Yibitas Yozgat Isci performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Yibitas Yozgat Isci has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Yibitas Yozgat time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Yibitas Yozgat Isci price movement. The serial correlation of -0.72 indicates that around 72.0% of current Yibitas Yozgat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 631.9 M |
Yibitas Yozgat Isci lagged returns against current returns
Autocorrelation, which is Yibitas Yozgat 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 Yibitas Yozgat's stock expected returns. We can calculate the autocorrelation of Yibitas Yozgat returns to help us make a trade decision. For example, suppose you find that Yibitas Yozgat 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 |
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Yibitas Yozgat 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 Yibitas Yozgat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yibitas Yozgat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yibitas Yozgat stock over time.
Current vs Lagged Prices |
| Timeline |
Yibitas Yozgat Lagged Returns
When evaluating Yibitas Yozgat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yibitas Yozgat stock have on its future price. Yibitas Yozgat 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, Yibitas Yozgat autocorrelation shows the relationship between Yibitas Yozgat stock current value and its past values and can show if there is a momentum factor associated with investing in Yibitas Yozgat Isci.
Regressed Prices |
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Other Information on Investing in Yibitas Stock
Yibitas Yozgat financial ratios help investors to determine whether Yibitas 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 Yibitas with respect to the benefits of owning Yibitas Yozgat security.