Turk Prysmian (Turkey) Price on February 29, 2024
| PRKAB Stock | TRY 39.18 0.10 0.26% |
If you're considering investing in Turk Stock, it is important to understand the factors that can impact its price. As of today, the current price of Turk Prysmian stands at 39.18, as last reported on the 18th of May 2024, with the highest price reaching 39.98 and the lowest price hitting 38.36 during the day. Turk Prysmian Kablo owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0312, which indicates the firm had a -0.0312% return per unit of risk over the last 3 months. Turk Prysmian Kablo exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Turk Prysmian's Risk Adjusted Performance of 0.0341, coefficient of variation of 2281.58, and Semi Deviation of 3.3 to confirm the risk estimate we provide.
Turk Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Turk |
Sharpe Ratio = -0.0312
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| Negative Returns | PRKAB |
Estimated Market Risk
| 3.45 actual daily | 30 70% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Turk Prysmian 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 Turk Prysmian by adding Turk Prysmian to a well-diversified portfolio.
Turk Prysmian Valuation on February 29, 2024
It is possible to determine the worth of Turk Prysmian on a given historical date. On February 29, 2024 Turk was worth 40.0 at the beginning of the trading date compared to the closed value of 39.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Turk Prysmian stock. Still, in general, we apply an absolute valuation method to find Turk Prysmian'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 Turk Prysmian where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Turk Prysmian's related companies.
| Open | High | Low | Close | Volume | |
| 40.38 | 42.28 | 39.70 | 39.74 | 2,403,734 | |
02/29/2024 | 40.00 | 40.94 | 39.02 | 39.92 | 1,844,080 |
| 39.72 | 41.24 | 39.50 | 39.50 | 1,864,356 |
| Backtest Turk Prysmian | | | Turk Prysmian History | | | Turk Prysmian Valuation | Previous | Next |
Turk Prysmian Trading Date Momentum on February 29, 2024
| On March 01 2024 Turk Prysmian Kablo was traded for 39.50 at the closing time. The highest price during the trading period was 41.24 and the lowest recorded bid was listed for 39.50 . The volume for the day was 1.9 M. This history from March 1, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.05% . The trading price change to the current price is 3.31% . |
Turk Prysmian Kablo Fundamentals Correlations and Trends
By evaluating Turk Prysmian'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 Turk Prysmian's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Turk financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Turk Prysmian Stock history
Turk Prysmian 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 Turk is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Turk Prysmian Kablo 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 Turk Prysmian stock prices may prove useful in developing a viable investing in Turk Prysmian
Trk Prysmian Kablo ve Sistemleri Anonim Sirketi engages in the manufacture, import, export, and trading of cables, conductors, machinery, apparatus, tools and equipment, and spare parts and accessories for energy and telecommunication industries worldwide. Trk Prysmian Kablo ve Sistemleri Anonim Sirketi is a subsidiary of Draka Holding B.V. TURK PRYSMIAN operates under Communication Equipment classification in Turkey and is traded on Istanbul Stock Exchange. It employs 479 people.
Turk Prysmian Stock Technical Analysis
Turk Prysmian 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
Turk Prysmian Period Price Range
Low | February 29, 2024
| High |
40.00 | 39.92 |
Turk Prysmian May 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Turk Prysmian stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Turk Prysmian shares will generate the highest return on investment. By undertsting and applying Turk Prysmian stock market strength indicators, traders can identify Turk Prysmian Kablo entry and exit signals to maximize returns
| Accumulation Distribution | 86483.48 | |||
| Daily Balance Of Power | (0.04) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 39.98 | |||
| Day Typical Price | 39.96 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | (0.74) | |||
| Relative Strength Index | 60.64 |
Turk Prysmian Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Turk Prysmian's price direction in advance. Along with the technical and fundamental analysis of Turk Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Turk 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 | 0.0341 | |||
| Jensen Alpha | 0.1216 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0175 | |||
| Treynor Ratio | 0.491 |
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| Math Transform | ||
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Turk Prysmian Kablo. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Turk Prysmian Kablo information on this page should be used as a complementary analysis to other Turk Prysmian'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Turk Stock analysis
When running Turk Prysmian's price analysis, check to measure Turk Prysmian'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 Turk Prysmian is operating at the current time. Most of Turk Prysmian's value examination focuses on studying past and present price action to predict the probability of Turk Prysmian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turk Prysmian's price. Additionally, you may evaluate how the addition of Turk Prysmian to your portfolios can decrease your overall portfolio volatility.
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