Merko Gida (Turkey) Market Value
| MERKO Stock | TRY 12.21 0.22 1.77% |
| Symbol | Merko |
Merko Gida '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 Merko Gida'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 Merko Gida.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in Merko Gida on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding Merko Gida Sanayi or generate 0.0% return on investment in Merko Gida over 30 days. Merko Gida is related to or competes with Turkiye Is, Yapi Ve, Turkiye Vakiflar, ENKA Insaat, Akbank TAS, Turkiye Halk, and Turkiye Garanti. Merko Gida Sanayi ve Ticaret A.S. operates as a processor and exporter of tomatoes into the raw material for the food in... More
Merko Gida 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 Merko Gida'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 Merko Gida Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.53 |
Merko Gida Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merko Gida's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merko Gida's standard deviation. In reality, there are many statistical measures that can use Merko Gida historical prices to predict the future Merko Gida's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Merko Gida'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.
Merko Gida Sanayi Backtested Returns
Merko Gida Sanayi has Sharpe Ratio of -0.0263, which conveys that the firm had a -0.0263% return per unit of risk over the last 3 months. Merko Gida exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merko Gida's Standard Deviation of 3.2, mean deviation of 2.62, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Merko Gida's returns are expected to increase less than the market. However, during the bear market, the loss of holding Merko Gida is expected to be smaller as well. At this point, Merko Gida Sanayi has a negative expected return of -0.084%. Please make sure to verify Merko Gida's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Merko Gida Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Merko Gida Sanayi has excellent reverse predictability. Overlapping area represents the amount of predictability between Merko Gida time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th 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 Merko Gida Sanayi price movement. The serial correlation of -0.82 indicates that around 82.0% of current Merko Gida price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Merko Gida Sanayi lagged returns against current returns
Autocorrelation, which is Merko Gida 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 Merko Gida's stock expected returns. We can calculate the autocorrelation of Merko Gida returns to help us make a trade decision. For example, suppose you find that Merko Gida 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 |
Merko Gida 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 Merko Gida stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merko Gida stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merko Gida stock over time.
Current vs Lagged Prices |
| Timeline |
Merko Gida Lagged Returns
When evaluating Merko Gida's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merko Gida stock have on its future price. Merko Gida 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, Merko Gida autocorrelation shows the relationship between Merko Gida stock current value and its past values and can show if there is a momentum factor associated with investing in Merko Gida Sanayi.
Regressed Prices |
| Timeline |
Pair Trading with Merko Gida
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 Merko Gida 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 Merko Gida will appreciate offsetting losses from the drop in the long position's value.Moving together with Merko Stock
The ability to find closely correlated positions to Merko Gida could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Merko Gida 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 Merko Gida - 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 Merko Gida Sanayi to buy it.
The correlation of Merko Gida 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 Merko Gida moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merko Gida 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 Merko Gida 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 Merko Stock
Merko Gida financial ratios help investors to determine whether Merko 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 Merko with respect to the benefits of owning Merko Gida security.