Turkiye Is (Turkey) Market Value
| ISCTR Stock | TRY 16.11 0.23 1.45% |
| Symbol | Turkiye |
Turkiye Is '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 Turkiye Is' 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 Turkiye Is.
| 03/04/2024 |
| 06/02/2024 |
If you would invest 0.00 in Turkiye Is on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Turkiye Is Bankasi or generate 0.0% return on investment in Turkiye Is over 90 days. Turkiye Is is related to or competes with Turkiye Petrol, Turkiye Sise, Qnb Finansbank, Eregli Demir, Koc Holding, and Turkiye Is. Trkiye Is Bankasi A.S. provides various banking products and services More
Turkiye Is 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 Turkiye Is' 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 Turkiye Is Bankasi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.1994 | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.81 |
Turkiye Is Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Turkiye Is' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Turkiye Is' standard deviation. In reality, there are many statistical measures that can use Turkiye Is historical prices to predict the future Turkiye Is' volatility.| Risk Adjusted Performance | 0.1427 | |||
| Jensen Alpha | 0.5861 | |||
| Total Risk Alpha | 0.4247 | |||
| Sortino Ratio | 0.2358 | |||
| Treynor Ratio | (2.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Turkiye Is' 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.
Turkiye Is Bankasi Backtested Returns
Turkiye Is appears to be not too volatile, given 3 months investment horizon. Turkiye Is Bankasi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the firm had a 0.3% return per unit of risk over the last 3 months. By inspecting Turkiye Is' technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please review Turkiye Is' Semi Deviation of 1.97, coefficient of variation of 462.82, and Risk Adjusted Performance of 0.1427 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Turkiye Is holds a performance score of 23. 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 Turkiye Is are expected to decrease at a much lower rate. During the bear market, Turkiye Is is likely to outperform the market. Please check Turkiye Is' potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Turkiye Is' existing price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Turkiye Is Bankasi has very good predictability. Overlapping area represents the amount of predictability between Turkiye Is time series from 4th of March 2024 to 18th of April 2024 and 18th of April 2024 to 2nd of June 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 Turkiye Is Bankasi price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Turkiye Is price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Turkiye Is Bankasi lagged returns against current returns
Autocorrelation, which is Turkiye Is 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 Turkiye Is' stock expected returns. We can calculate the autocorrelation of Turkiye Is returns to help us make a trade decision. For example, suppose you find that Turkiye Is 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 |
Turkiye Is 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 Turkiye Is stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Turkiye Is stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Turkiye Is stock over time.
Current vs Lagged Prices |
| Timeline |
Turkiye Is Lagged Returns
When evaluating Turkiye Is' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Turkiye Is stock have on its future price. Turkiye Is 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, Turkiye Is autocorrelation shows the relationship between Turkiye Is stock current value and its past values and can show if there is a momentum factor associated with investing in Turkiye Is Bankasi.
Regressed Prices |
| Timeline |
Pair Trading with Turkiye Is
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Turkiye Is position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Turkiye Is will appreciate offsetting losses from the drop in the long position's value.Moving together with Turkiye Stock
| 0.88 | BAYRK | Bayrak EBT Taban | PairCorr |
The ability to find closely correlated positions to Turkiye Is could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turkiye Is when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Turkiye Is - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Turkiye Is Bankasi to buy it.
The correlation of Turkiye Is is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Turkiye Is moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turkiye Is Bankasi moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Turkiye Is can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Turkiye Is Correlation, Turkiye Is Volatility and Turkiye Is Alpha and Beta module to complement your research on Turkiye Is. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Turkiye Stock analysis
When running Turkiye Is' price analysis, check to measure Turkiye Is' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turkiye Is is operating at the current time. Most of Turkiye Is' value examination focuses on studying past and present price action to predict the probability of Turkiye Is' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turkiye Is' price. Additionally, you may evaluate how the addition of Turkiye Is to your portfolios can decrease your overall portfolio volatility.
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Turkiye Is technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.