Trabzon Liman (Turkey) Market Value
| TLMAN Stock | TRY 123.80 1.20 0.98% |
| Symbol | Trabzon |
Trabzon Liman '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 Trabzon Liman'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 Trabzon Liman.
| 04/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in Trabzon Liman on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding Trabzon Liman Isletmeciligi or generate 0.0% return on investment in Trabzon Liman over 30 days. Trabzon Liman is related to or competes with ICBC Turkey, Trabzonspor Sportif, Akcansa Cimento, Politeknik Metal, Sekerbank TAS, and Galatasaray Sportif. Trabzon Liman Isletmeciligi Anonim Sirketi operates the Port of Trabzon connecting Europe and Asia More
Trabzon Liman 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 Trabzon Liman'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 Trabzon Liman Isletmeciligi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.63 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 19.36 | |||
| Value At Risk | (6.60) | |||
| Potential Upside | 9.72 |
Trabzon Liman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trabzon Liman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trabzon Liman's standard deviation. In reality, there are many statistical measures that can use Trabzon Liman historical prices to predict the future Trabzon Liman's volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.4427 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0698 | |||
| Treynor Ratio | (0.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trabzon Liman'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.
Trabzon Liman Isletm Backtested Returns
Trabzon Liman appears to be very steady, given 3 months investment horizon. Trabzon Liman Isletm owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0896, which indicates the firm had a 0.0896% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Trabzon Liman Isletmeciligi, which you can use to evaluate the volatility of the company. Please review Trabzon Liman's Risk Adjusted Performance of 0.0609, coefficient of variation of 1186.77, and Semi Deviation of 4.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trabzon Liman holds a performance score of 7. The entity has a beta of -0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Trabzon Liman are expected to decrease at a much lower rate. During the bear market, Trabzon Liman is likely to outperform the market. Please check Trabzon Liman's information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Trabzon Liman's existing price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Trabzon Liman Isletmeciligi has good predictability. Overlapping area represents the amount of predictability between Trabzon Liman time series from 15th of April 2024 to 30th of April 2024 and 30th of April 2024 to 15th of May 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 Trabzon Liman Isletm price movement. The serial correlation of 0.79 indicates that around 79.0% of current Trabzon Liman price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 50.32 |
Trabzon Liman Isletm lagged returns against current returns
Autocorrelation, which is Trabzon Liman 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 Trabzon Liman's stock expected returns. We can calculate the autocorrelation of Trabzon Liman returns to help us make a trade decision. For example, suppose you find that Trabzon Liman 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 |
Trabzon Liman 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 Trabzon Liman stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trabzon Liman stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trabzon Liman stock over time.
Current vs Lagged Prices |
| Timeline |
Trabzon Liman Lagged Returns
When evaluating Trabzon Liman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trabzon Liman stock have on its future price. Trabzon Liman 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, Trabzon Liman autocorrelation shows the relationship between Trabzon Liman stock current value and its past values and can show if there is a momentum factor associated with investing in Trabzon Liman Isletmeciligi.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Trabzon Liman Correlation, Trabzon Liman Volatility and Trabzon Liman Alpha and Beta module to complement your research on Trabzon Liman. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Trabzon Stock analysis
When running Trabzon Liman's price analysis, check to measure Trabzon Liman's 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 Trabzon Liman is operating at the current time. Most of Trabzon Liman's value examination focuses on studying past and present price action to predict the probability of Trabzon Liman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trabzon Liman's price. Additionally, you may evaluate how the addition of Trabzon Liman to your portfolios can decrease your overall portfolio volatility.
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Trabzon Liman 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.