Akbank TAS (Turkey) Market Value
| AKBNK Stock | TRY 60.15 1.20 1.96% |
| Symbol | Akbank |
Akbank TAS '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 Akbank TAS'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 Akbank TAS.
| 03/25/2024 |
| 09/21/2024 |
If you would invest 0.00 in Akbank TAS on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Akbank TAS or generate 0.0% return on investment in Akbank TAS over 180 days. Akbank TAS is related to or competes with Turkiye Petrol, Ford Otomotiv, Turkish Airlines, Cuhadaroglu Metal, Turkiye Vakiflar, Akcansa Cimento, and Turkiye Garanti. Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationa... More
Akbank TAS 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 Akbank TAS'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 Akbank TAS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.14 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 4.78 |
Akbank TAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akbank TAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akbank TAS's standard deviation. In reality, there are many statistical measures that can use Akbank TAS historical prices to predict the future Akbank TAS's volatility.| Risk Adjusted Performance | 0.0104 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akbank TAS'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.
Akbank TAS Backtested Returns
Akbank TAS secures Sharpe Ratio (or Efficiency) of -0.0536, which signifies that the company had a -0.0536% return per unit of standard deviation over the last 3 months. Akbank TAS exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akbank TAS's mean deviation of 2.09, and Risk Adjusted Performance of 0.0104 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.01, which signifies a somewhat significant risk relative to the market. Akbank TAS returns are very sensitive to returns on the market. As the market goes up or down, Akbank TAS is expected to follow. At this point, Akbank TAS has a negative expected return of -0.14%. Please make sure to confirm Akbank TAS's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Akbank TAS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Akbank TAS has modest reverse predictability. Overlapping area represents the amount of predictability between Akbank TAS time series from 25th of March 2024 to 23rd of June 2024 and 23rd of June 2024 to 21st of September 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 Akbank TAS price movement. The serial correlation of -0.5 indicates that about 50.0% of current Akbank TAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 20.63 |
Akbank TAS lagged returns against current returns
Autocorrelation, which is Akbank TAS 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 Akbank TAS's stock expected returns. We can calculate the autocorrelation of Akbank TAS returns to help us make a trade decision. For example, suppose you find that Akbank TAS 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 |
Akbank TAS 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 Akbank TAS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akbank TAS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akbank TAS stock over time.
Current vs Lagged Prices |
| Timeline |
Akbank TAS Lagged Returns
When evaluating Akbank TAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akbank TAS stock have on its future price. Akbank TAS 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, Akbank TAS autocorrelation shows the relationship between Akbank TAS stock current value and its past values and can show if there is a momentum factor associated with investing in Akbank TAS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Akbank Stock
Akbank TAS financial ratios help investors to determine whether Akbank 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 Akbank with respect to the benefits of owning Akbank TAS security.