Sodas Sodyum (Turkey) Market Value
| SODSN Stock | TRY 172.50 2.60 1.48% |
| Symbol | Sodas |
Sodas Sodyum '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 Sodas Sodyum'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 Sodas Sodyum.
| 02/25/2024 |
| 05/25/2024 |
If you would invest 0.00 in Sodas Sodyum on February 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sodas Sodyum Sanayi or generate 0.0% return on investment in Sodas Sodyum over 90 days. Sodas Sodyum is related to or competes with Gentas Genel, Ege Seramik, and Arsan Tekstil. Sodas Sodyum Sanayii A.S. produces and sells chemicals in Turkey More
Sodas Sodyum 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 Sodas Sodyum'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 Sodas Sodyum Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.22 | |||
| Information Ratio | 0.1746 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (9.98) | |||
| Potential Upside | 9.98 |
Sodas Sodyum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sodas Sodyum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sodas Sodyum's standard deviation. In reality, there are many statistical measures that can use Sodas Sodyum historical prices to predict the future Sodas Sodyum's volatility.| Risk Adjusted Performance | 0.115 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 0.778 | |||
| Sortino Ratio | 0.1898 | |||
| Treynor Ratio | (2.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sodas Sodyum'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.
Sodas Sodyum Sanayi Backtested Returns
Sodas Sodyum appears to be very steady, given 3 months investment horizon. Sodas Sodyum Sanayi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0685, which indicates the firm had a 0.0685% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sodas Sodyum Sanayi, which you can use to evaluate the volatility of the company. Please review Sodas Sodyum's Coefficient Of Variation of 550.51, risk adjusted performance of 0.115, and Semi Deviation of 5.54 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sodas Sodyum holds a performance score of 5. The entity has a beta of -0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sodas Sodyum are expected to decrease at a much lower rate. During the bear market, Sodas Sodyum is likely to outperform the market. Please check Sodas Sodyum's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Sodas Sodyum's existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Sodas Sodyum Sanayi has very weak predictability. Overlapping area represents the amount of predictability between Sodas Sodyum time series from 25th of February 2024 to 10th of April 2024 and 10th of April 2024 to 25th of May 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 Sodas Sodyum Sanayi price movement. The serial correlation of 0.18 indicates that over 18.0% of current Sodas Sodyum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 123.37 |
Sodas Sodyum Sanayi lagged returns against current returns
Autocorrelation, which is Sodas Sodyum 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 Sodas Sodyum's stock expected returns. We can calculate the autocorrelation of Sodas Sodyum returns to help us make a trade decision. For example, suppose you find that Sodas Sodyum 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 |
Sodas Sodyum 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 Sodas Sodyum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sodas Sodyum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sodas Sodyum stock over time.
Current vs Lagged Prices |
| Timeline |
Sodas Sodyum Lagged Returns
When evaluating Sodas Sodyum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sodas Sodyum stock have on its future price. Sodas Sodyum 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, Sodas Sodyum autocorrelation shows the relationship between Sodas Sodyum stock current value and its past values and can show if there is a momentum factor associated with investing in Sodas Sodyum Sanayi.
Regressed Prices |
| Timeline |
Pair Trading with Sodas Sodyum
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 Sodas Sodyum 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 Sodas Sodyum will appreciate offsetting losses from the drop in the long position's value.Moving together with Sodas Stock
| 0.62 | ISATR | Turkiye Is Bankasi | PairCorr |
The ability to find closely correlated positions to Sodas Sodyum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sodas Sodyum 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 Sodas Sodyum - 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 Sodas Sodyum Sanayi to buy it.
The correlation of Sodas Sodyum 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 Sodas Sodyum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sodas Sodyum 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 Sodas Sodyum 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.Check out Sodas Sodyum Correlation, Sodas Sodyum Volatility and Sodas Sodyum Alpha and Beta module to complement your research on Sodas Sodyum. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Sodas Stock analysis
When running Sodas Sodyum's price analysis, check to measure Sodas Sodyum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sodas Sodyum is operating at the current time. Most of Sodas Sodyum's value examination focuses on studying past and present price action to predict the probability of Sodas Sodyum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sodas Sodyum's price. Additionally, you may evaluate how the addition of Sodas Sodyum to your portfolios can decrease your overall portfolio volatility.
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Sodas Sodyum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.