Makina Takim (Turkey) Market Value
| MAKTK Stock | TRY 7.57 0.68 9.87% |
| Symbol | Makina |
Makina Takim '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 Makina Takim'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 Makina Takim.
| 05/18/2024 |
| 06/17/2024 |
If you would invest 0.00 in Makina Takim on May 18, 2024 and sell it all today you would earn a total of 0.00 from holding Makina Takim Endustrisi or generate 0.0% return on investment in Makina Takim over 30 days. Makina Takim is related to or competes with Aselsan Elektronik, Turkiye Petrol, Pegasus Hava, and Eregli Demir. Makina Takim Endstrisi A.S. manufactures and sells cutting tools in Turkey More
Makina Takim 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 Makina Takim'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 Makina Takim Endustrisi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.0231 | |||
| Maximum Drawdown | 15.33 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 9.26 |
Makina Takim Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Makina Takim's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Makina Takim's standard deviation. In reality, there are many statistical measures that can use Makina Takim historical prices to predict the future Makina Takim's volatility.| Risk Adjusted Performance | 0.0312 | |||
| Jensen Alpha | 0.1483 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Makina Takim'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.
Makina Takim Endustrisi Backtested Returns
Makina Takim appears to be slightly risky, given 3 months investment horizon. Makina Takim Endustrisi has Sharpe Ratio of 0.0909, which conveys that the firm had a 0.0909% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Makina Takim, which you can use to evaluate the volatility of the firm. Please exercise Makina Takim's Downside Deviation of 3.27, risk adjusted performance of 0.0312, and Mean Deviation of 3.11 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Makina Takim holds a performance score of 7. The company secures a Beta (Market Risk) of -0.86, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Makina Takim are expected to decrease slowly. On the other hand, during market turmoil, Makina Takim is expected to outperform it slightly. Please check Makina Takim's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Makina Takim's current price movements will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Makina Takim Endustrisi has very weak reverse predictability. Overlapping area represents the amount of predictability between Makina Takim time series from 18th of May 2024 to 2nd of June 2024 and 2nd of June 2024 to 17th 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 Makina Takim Endustrisi price movement. The serial correlation of -0.03 indicates that only 3.0% of current Makina Takim price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Makina Takim Endustrisi lagged returns against current returns
Autocorrelation, which is Makina Takim 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 Makina Takim's stock expected returns. We can calculate the autocorrelation of Makina Takim returns to help us make a trade decision. For example, suppose you find that Makina Takim 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 |
Makina Takim 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 Makina Takim stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Makina Takim stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Makina Takim stock over time.
Current vs Lagged Prices |
| Timeline |
Makina Takim Lagged Returns
When evaluating Makina Takim's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Makina Takim stock have on its future price. Makina Takim 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, Makina Takim autocorrelation shows the relationship between Makina Takim stock current value and its past values and can show if there is a momentum factor associated with investing in Makina Takim Endustrisi.
Regressed Prices |
| Timeline |
Pair Trading with Makina Takim
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 Makina Takim 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 Makina Takim will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Makina Takim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Makina Takim 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 Makina Takim - 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 Makina Takim Endustrisi to buy it.
The correlation of Makina Takim 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 Makina Takim moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Makina Takim Endustrisi 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 Makina Takim 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 Makina Stock
Makina Takim financial ratios help investors to determine whether Makina 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 Makina with respect to the benefits of owning Makina Takim security.