Yapi Ve (Turkey) Market Value
| YKBNK Stock | TRY 32.58 0.92 2.75% |
| Symbol | Yapi |
Yapi Ve '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 Yapi Ve'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 Yapi Ve.
| 05/20/2024 |
| 06/19/2024 |
If you would invest 0.00 in Yapi Ve on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding Yapi ve Kredi or generate 0.0% return on investment in Yapi Ve over 30 days. Yapi Ve is related to or competes with Turkiye Garanti, Akbank TAS, Turkiye Is, Turkiye Is, Turkiye Is, Turkiye Vakiflar, and Koc Holding. Yapi ve Kredi Bankasi A.S., together with its subsidiaries, provides various banking products and services in the Nether... More
Yapi Ve 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 Yapi Ve'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 Yapi ve Kredi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.2055 | |||
| Maximum Drawdown | 15.52 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 5.59 |
Yapi Ve Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yapi Ve's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yapi Ve's standard deviation. In reality, there are many statistical measures that can use Yapi Ve historical prices to predict the future Yapi Ve's volatility.| Risk Adjusted Performance | 0.1385 | |||
| Jensen Alpha | 0.6327 | |||
| Total Risk Alpha | 0.6209 | |||
| Sortino Ratio | 0.2204 | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yapi Ve'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.
Yapi ve Kredi Backtested Returns
Yapi Ve appears to be not too volatile, given 3 months investment horizon. Yapi ve Kredi shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Yapi Ve's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Yapi Ve's Market Risk Adjusted Performance of (0.76), mean deviation of 2.38, and Downside Deviation of 2.85 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yapi Ve holds a performance score of 13. The firm maintains a market beta of -0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yapi Ve are expected to decrease at a much lower rate. During the bear market, Yapi Ve is likely to outperform the market. Please check Yapi Ve's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Yapi Ve's historical returns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Yapi ve Kredi has poor reverse predictability. Overlapping area represents the amount of predictability between Yapi Ve 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 Yapi ve Kredi price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Yapi Ve price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Yapi ve Kredi lagged returns against current returns
Autocorrelation, which is Yapi Ve 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 Yapi Ve's stock expected returns. We can calculate the autocorrelation of Yapi Ve returns to help us make a trade decision. For example, suppose you find that Yapi Ve 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 |
Yapi Ve 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 Yapi Ve stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yapi Ve stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yapi Ve stock over time.
Current vs Lagged Prices |
| Timeline |
Yapi Ve Lagged Returns
When evaluating Yapi Ve's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yapi Ve stock have on its future price. Yapi Ve 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, Yapi Ve autocorrelation shows the relationship between Yapi Ve stock current value and its past values and can show if there is a momentum factor associated with investing in Yapi ve Kredi.
Regressed Prices |
| Timeline |
Pair Trading with Yapi Ve
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 Yapi Ve 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 Yapi Ve will appreciate offsetting losses from the drop in the long position's value.Moving together with Yapi Stock
| 0.87 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.64 | ISATR | Turkiye Is Bankasi | PairCorr |
| 0.89 | ISCTR | Turkiye Is Bankasi | PairCorr |
| 0.97 | AKBNK | Akbank TAS | PairCorr |
The ability to find closely correlated positions to Yapi Ve could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yapi Ve 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 Yapi Ve - 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 Yapi ve Kredi to buy it.
The correlation of Yapi Ve 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 Yapi Ve moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yapi ve Kredi 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 Yapi Ve 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 Yapi Stock
Yapi Ve financial ratios help investors to determine whether Yapi 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 Yapi with respect to the benefits of owning Yapi Ve security.