Arena Bilgisayar (Turkey) Price on April 15, 2024
| ARENA Stock | TRY 43.86 1.58 3.74% |
If you're considering investing in Arena Stock, it is important to understand the factors that can impact its price. As of today, the current price of Arena Bilgisayar stands at 43.86, as last reported on the 22nd of May, with the highest price reaching 44.70 and the lowest price hitting 42.28 during the day. Arena Bilgisayar Sanayi secures Sharpe Ratio (or Efficiency) of -0.0713, which signifies that the company had a -0.0713% return per unit of standard deviation over the last 3 months. Arena Bilgisayar Sanayi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arena Bilgisayar's risk adjusted performance of 0.0013, and Mean Deviation of 2.95 to double-check the risk estimate we provide.
Arena Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Arena |
Sharpe Ratio = -0.0713
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ARENA |
Estimated Market Risk
| 3.68 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.26 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Arena Bilgisayar is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Arena Bilgisayar by adding Arena Bilgisayar to a well-diversified portfolio.
Arena Bilgisayar Valuation on April 15, 2024
It is possible to determine the worth of Arena Bilgisayar on a given historical date. On April 15, 2024 Arena was worth 44.42 at the beginning of the trading date compared to the closed value of 46.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Arena Bilgisayar stock. Still, in general, we apply an absolute valuation method to find Arena Bilgisayar's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Arena Bilgisayar where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Arena Bilgisayar's related companies.
| Open | High | Low | Close | Volume | |
| 44.00 | 45.08 | 43.40 | 44.98 | 435,229 | |
04/15/2024 | 44.42 | 47.50 | 44.18 | 46.50 | 906,034 |
| 46.58 | 46.82 | 44.40 | 45.32 | 496,189 |
| Backtest Arena Bilgisayar | | | Arena Bilgisayar History | | | Arena Bilgisayar Valuation | Previous | Next |
Arena Bilgisayar Trading Date Momentum on April 15, 2024
| On April 16 2024 Arena Bilgisayar Sanayi was traded for 45.32 at the closing time. The highest price during the trading period was 46.82 and the lowest recorded bid was listed for 44.40 . The volume for the day was 496.2 K. This history from April 16, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 2.54% . The overall trading delta to the current price is 10.22% . |
Arena Bilgisayar Sanayi Fundamentals Correlations and Trends
By evaluating Arena Bilgisayar's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Arena Bilgisayar's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Arena financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Arena Bilgisayar Stock history
Arena Bilgisayar investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Arena is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Arena Bilgisayar Sanayi will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Arena Bilgisayar stock prices may prove useful in developing a viable investing in Arena Bilgisayar
Arena Bilgisayar Sanayi ve Ticaret A.S. engages in the distribution of technology products in Turkey. Arena Bilgisayar Sanayi ve Ticaret A.S. was founded in 1991 and is headquartered in Istanbul, Turkey. ARENA BILGISAYAR operates under Electronics Computer Distribution classification in Turkey and is traded on Istanbul Stock Exchange. It employs 274 people.
Arena Bilgisayar Stock Technical Analysis
Arena Bilgisayar 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.
Price Boundaries
Arena Bilgisayar Period Price Range
Low | April 15, 2024
| High |
44.42 | 46.50 |
Arena Bilgisayar May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Arena Bilgisayar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Arena Bilgisayar shares will generate the highest return on investment. By undertsting and applying Arena Bilgisayar stock market strength indicators, traders can identify Arena Bilgisayar Sanayi entry and exit signals to maximize returns
Arena Bilgisayar Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Arena Bilgisayar's price direction in advance. Along with the technical and fundamental analysis of Arena Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Arena to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 2.92 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arena Bilgisayar Sanayi. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Arena Bilgisayar Sanayi information on this page should be used as a complementary analysis to other Arena Bilgisayar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Arena Stock analysis
When running Arena Bilgisayar's price analysis, check to measure Arena Bilgisayar'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 Arena Bilgisayar is operating at the current time. Most of Arena Bilgisayar's value examination focuses on studying past and present price action to predict the probability of Arena Bilgisayar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arena Bilgisayar's price. Additionally, you may evaluate how the addition of Arena Bilgisayar to your portfolios can decrease your overall portfolio volatility.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |