Petkim Petrokimya Holding Stock Beneish M Score
| PETKM Stock | TRY 21.34 0.96 4.71% |
Petkim |
At this time, Petkim Petrokimya's M Score is inapplicable. The earnings manipulation may begin if Petkim Petrokimya's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Petkim Petrokimya executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Petkim Petrokimya's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Petkim Petrokimya Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Petkim Petrokimya Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Petkim Petrokimya using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Petkim Petrokimya Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Petkim Petrokimya
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 Petkim Petrokimya 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 Petkim Petrokimya will appreciate offsetting losses from the drop in the long position's value.Moving together with Petkim Stock
Moving against Petkim Stock
| 0.63 | ATLAS | Atlas Menkul Kiymetler | PairCorr |
| 0.57 | BAYRK | Bayrak EBT Taban | PairCorr |
| 0.42 | FMIZP | Federal Mogul Izmit | PairCorr |
The ability to find closely correlated positions to Petkim Petrokimya could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petkim Petrokimya 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 Petkim Petrokimya - 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 Petkim Petrokimya Holding to buy it.
The correlation of Petkim Petrokimya 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 Petkim Petrokimya moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petkim Petrokimya Holding 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 Petkim Petrokimya 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.Other Information on Investing in Petkim Stock
Petkim Petrokimya financial ratios help investors to determine whether Petkim 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 Petkim with respect to the benefits of owning Petkim Petrokimya security.