Arena Bilgisayar (Turkey) Market Value
| ARENA Stock | TRY 41.56 0.12 0.29% |
| Symbol | Arena |
Arena Bilgisayar '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 Arena Bilgisayar'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 Arena Bilgisayar.
| 05/20/2024 |
| 06/19/2024 |
If you would invest 0.00 in Arena Bilgisayar on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding Arena Bilgisayar Sanayi or generate 0.0% return on investment in Arena Bilgisayar over 30 days. Arena Bilgisayar is related to or competes with Qnb Finansbank, Kent Gida, QNB Finans, Turkiye Kalkinma, and Iskenderun Demir. Arena Bilgisayar Sanayi ve Ticaret A.S. engages in the distribution of technology products in Turkey More
Arena Bilgisayar 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 Arena Bilgisayar'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 Arena Bilgisayar Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 4.54 |
Arena Bilgisayar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arena Bilgisayar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arena Bilgisayar's standard deviation. In reality, there are many statistical measures that can use Arena Bilgisayar historical prices to predict the future Arena Bilgisayar's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.1664 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arena Bilgisayar'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.
Arena Bilgisayar Sanayi Backtested Returns
Arena Bilgisayar Sanayi secures Sharpe Ratio (or Efficiency) of -0.048, which signifies that the company had a -0.048% return per unit of standard deviation over the last 3 months. Arena Bilgisayar Sanayi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arena Bilgisayar's risk adjusted performance of (0.02), and Mean Deviation of 2.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.92, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Arena Bilgisayar are expected to decrease slowly. On the other hand, during market turmoil, Arena Bilgisayar is expected to outperform it slightly. At this point, Arena Bilgisayar Sanayi has a negative expected return of -0.18%. Please make sure to confirm Arena Bilgisayar's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Arena Bilgisayar Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Arena Bilgisayar Sanayi has poor reverse predictability. Overlapping area represents the amount of predictability between Arena Bilgisayar time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th 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 Arena Bilgisayar Sanayi price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Arena Bilgisayar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Arena Bilgisayar Sanayi lagged returns against current returns
Autocorrelation, which is Arena Bilgisayar 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 Arena Bilgisayar's stock expected returns. We can calculate the autocorrelation of Arena Bilgisayar returns to help us make a trade decision. For example, suppose you find that Arena Bilgisayar 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 |
Arena Bilgisayar 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 Arena Bilgisayar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arena Bilgisayar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arena Bilgisayar stock over time.
Current vs Lagged Prices |
| Timeline |
Arena Bilgisayar Lagged Returns
When evaluating Arena Bilgisayar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arena Bilgisayar stock have on its future price. Arena Bilgisayar 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, Arena Bilgisayar autocorrelation shows the relationship between Arena Bilgisayar stock current value and its past values and can show if there is a momentum factor associated with investing in Arena Bilgisayar Sanayi.
Regressed Prices |
| Timeline |
Pair Trading with Arena Bilgisayar
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 Arena Bilgisayar 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 Arena Bilgisayar will appreciate offsetting losses from the drop in the long position's value.Moving together with Arena Stock
The ability to find closely correlated positions to Arena Bilgisayar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Bilgisayar 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 Arena Bilgisayar - 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 Arena Bilgisayar Sanayi to buy it.
The correlation of Arena Bilgisayar 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 Arena Bilgisayar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Bilgisayar Sanayi 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 Arena Bilgisayar 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 Arena Stock
Arena Bilgisayar financial ratios help investors to determine whether Arena 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 Arena with respect to the benefits of owning Arena Bilgisayar security.