Yeni Gimat (Turkey) Market Value
| YGGYO Stock | TRY 61.25 1.15 1.91% |
| Symbol | Yeni |
Yeni Gimat '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 Yeni Gimat'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 Yeni Gimat.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Yeni Gimat on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Yeni Gimat Gayrimenkul or generate 0.0% return on investment in Yeni Gimat over 720 days. Yeni Gimat is related to or competes with ICBC Turkey, Akcansa Cimento, Cuhadaroglu Metal, Sodas Sodyum, Gentas Genel, Bms Birlesik, and Koza Anadolu. Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S More
Yeni Gimat 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 Yeni Gimat'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 Yeni Gimat Gayrimenkul upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.1261 | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.03 |
Yeni Gimat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yeni Gimat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yeni Gimat's standard deviation. In reality, there are many statistical measures that can use Yeni Gimat historical prices to predict the future Yeni Gimat's volatility.| Risk Adjusted Performance | 0.1551 | |||
| Jensen Alpha | 0.3336 | |||
| Total Risk Alpha | 0.0708 | |||
| Sortino Ratio | 0.1595 | |||
| Treynor Ratio | 3.34 |
Yeni Gimat Gayrimenkul Backtested Returns
Yeni Gimat appears to be very steady, given 3 months investment horizon. Yeni Gimat Gayrimenkul 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. We have found twenty-nine technical indicators for Yeni Gimat Gayrimenkul, which you can use to evaluate the volatility of the company. Please utilize Yeni Gimat's Downside Deviation of 1.44, market risk adjusted performance of 3.35, and Mean Deviation of 1.44 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yeni Gimat holds a performance score of 14. The firm maintains a market beta of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yeni Gimat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yeni Gimat is expected to be smaller as well. Please check Yeni Gimat's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Yeni Gimat's historical returns will revert.
Auto-correlation | 0.78 |
Good predictability
Yeni Gimat Gayrimenkul has good predictability. Overlapping area represents the amount of predictability between Yeni Gimat time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Yeni Gimat Gayrimenkul price movement. The serial correlation of 0.78 indicates that around 78.0% of current Yeni Gimat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 54.31 |
Yeni Gimat Gayrimenkul lagged returns against current returns
Autocorrelation, which is Yeni Gimat 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 Yeni Gimat's stock expected returns. We can calculate the autocorrelation of Yeni Gimat returns to help us make a trade decision. For example, suppose you find that Yeni Gimat 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 |
Yeni Gimat 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 Yeni Gimat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yeni Gimat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yeni Gimat stock over time.
Current vs Lagged Prices |
| Timeline |
Yeni Gimat Lagged Returns
When evaluating Yeni Gimat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yeni Gimat stock have on its future price. Yeni Gimat 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, Yeni Gimat autocorrelation shows the relationship between Yeni Gimat stock current value and its past values and can show if there is a momentum factor associated with investing in Yeni Gimat Gayrimenkul.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Yeni Stock
Yeni Gimat financial ratios help investors to determine whether Yeni 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 Yeni with respect to the benefits of owning Yeni Gimat security.