Alkim Kagit (Turkey) Market Value
| ALKA Stock | TRY 29.06 0.64 2.15% |
| Symbol | Alkim |
Alkim Kagit '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 Alkim Kagit'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 Alkim Kagit.
| 03/06/2024 |
| 05/05/2024 |
If you would invest 0.00 in Alkim Kagit on March 6, 2024 and sell it all today you would earn a total of 0.00 from holding Alkim Kagit Sanayi or generate 0.0% return on investment in Alkim Kagit over 60 days. Alkim Kagit is related to or competes with Turkiye Garanti, Yapi Ve, Akbank TAS, Turkiye Is, Turkiye Is, Turkiye Vakiflar, and Koc Holding. Alkim Kagit Sanayi ve Ticaret AS manufactures and sells woodfree offset, coated, office, and special papers primarily in... More
Alkim Kagit 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 Alkim Kagit'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 Alkim Kagit Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.005 | |||
| Maximum Drawdown | 19.67 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 6.93 |
Alkim Kagit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alkim Kagit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alkim Kagit's standard deviation. In reality, there are many statistical measures that can use Alkim Kagit historical prices to predict the future Alkim Kagit's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | 0.105 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0053 | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Alkim Kagit'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.
Alkim Kagit Sanayi Backtested Returns
We consider Alkim Kagit not too volatile. Alkim Kagit Sanayi secures Sharpe Ratio (or Efficiency) of 0.0022, which signifies that the company had a 0.0022% return per unit of risk over the last 3 months. We have found thirty technical indicators for Alkim Kagit Sanayi, which you can use to evaluate the volatility of the firm. Please confirm Alkim Kagit's Risk Adjusted Performance of 0.0246, downside deviation of 3.67, and Mean Deviation of 2.94 to double-check if the risk estimate we provide is consistent with the expected return of 0.0087%. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alkim Kagit are expected to decrease at a much lower rate. During the bear market, Alkim Kagit is likely to outperform the market. Alkim Kagit Sanayi right now shows a risk of 3.94%. Please confirm Alkim Kagit Sanayi standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Alkim Kagit Sanayi will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Alkim Kagit Sanayi has poor reverse predictability. Overlapping area represents the amount of predictability between Alkim Kagit time series from 6th of March 2024 to 5th of April 2024 and 5th of April 2024 to 5th 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 Alkim Kagit Sanayi price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Alkim Kagit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
Alkim Kagit Sanayi lagged returns against current returns
Autocorrelation, which is Alkim Kagit 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 Alkim Kagit's stock expected returns. We can calculate the autocorrelation of Alkim Kagit returns to help us make a trade decision. For example, suppose you find that Alkim Kagit 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 |
Alkim Kagit 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 Alkim Kagit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alkim Kagit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alkim Kagit stock over time.
Current vs Lagged Prices |
| Timeline |
Alkim Kagit Lagged Returns
When evaluating Alkim Kagit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alkim Kagit stock have on its future price. Alkim Kagit 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, Alkim Kagit autocorrelation shows the relationship between Alkim Kagit stock current value and its past values and can show if there is a momentum factor associated with investing in Alkim Kagit Sanayi.
Regressed Prices |
| Timeline |
Pair Trading with Alkim Kagit
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 Alkim Kagit 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 Alkim Kagit will appreciate offsetting losses from the drop in the long position's value.Moving against Alkim Stock
| 0.52 | BAYRK | Bayrak EBT Taban | PairCorr |
The ability to find closely correlated positions to Alkim Kagit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkim Kagit 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 Alkim Kagit - 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 Alkim Kagit Sanayi to buy it.
The correlation of Alkim Kagit 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 Alkim Kagit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkim Kagit 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 Alkim Kagit 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 Alkim Kagit Correlation, Alkim Kagit Volatility and Alkim Kagit Alpha and Beta module to complement your research on Alkim Kagit. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Alkim Stock analysis
When running Alkim Kagit's price analysis, check to measure Alkim Kagit'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 Alkim Kagit is operating at the current time. Most of Alkim Kagit's value examination focuses on studying past and present price action to predict the probability of Alkim Kagit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkim Kagit's price. Additionally, you may evaluate how the addition of Alkim Kagit to your portfolios can decrease your overall portfolio volatility.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |
Alkim Kagit 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.