Ege Endustri (Turkey) Market Value
| EGEEN Stock | TRY 12,910 97.50 0.75% |
| Symbol | Ege |
Ege Endustri '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 Ege Endustri'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 Ege Endustri.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in Ege Endustri on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding Ege Endustri ve or generate 0.0% return on investment in Ege Endustri over 30 days. Ege Endustri is related to or competes with Ford Otomotiv, Tofas Turk, Hektas Ticaret, Eregli Demir, and Aksa Akrilik. Ege Endstri ve Ticaret A.S. develops, manufactures, and sells axle and axle parts for the automotive industry in Turkey ... More
Ege Endustri 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 Ege Endustri'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 Ege Endustri ve upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 6.01 |
Ege Endustri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ege Endustri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ege Endustri's standard deviation. In reality, there are many statistical measures that can use Ege Endustri historical prices to predict the future Ege Endustri's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.4219 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ege Endustri'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.
Ege Endustri ve Backtested Returns
Ege Endustri ve secures Sharpe Ratio (or Efficiency) of -0.0756, which denotes the company had a -0.0756% return per unit of risk over the last 3 months. Ege Endustri ve exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ege Endustri's Standard Deviation of 3.37, variance of 11.35, and Mean Deviation of 2.32 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ege Endustri are expected to decrease at a much lower rate. During the bear market, Ege Endustri is likely to outperform the market. Ege Endustri ve has an expected return of -0.25%. Please make sure to confirm Ege Endustri ve potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Ege Endustri ve performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Ege Endustri ve has modest predictability. Overlapping area represents the amount of predictability between Ege Endustri time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st 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 Ege Endustri ve price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Ege Endustri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 141 K |
Ege Endustri ve lagged returns against current returns
Autocorrelation, which is Ege Endustri 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 Ege Endustri's stock expected returns. We can calculate the autocorrelation of Ege Endustri returns to help us make a trade decision. For example, suppose you find that Ege Endustri 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 |
Ege Endustri 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 Ege Endustri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ege Endustri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ege Endustri stock over time.
Current vs Lagged Prices |
| Timeline |
Ege Endustri Lagged Returns
When evaluating Ege Endustri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ege Endustri stock have on its future price. Ege Endustri 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, Ege Endustri autocorrelation shows the relationship between Ege Endustri stock current value and its past values and can show if there is a momentum factor associated with investing in Ege Endustri ve.
Regressed Prices |
| Timeline |
Pair Trading with Ege Endustri
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 Ege Endustri 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 Ege Endustri will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ege Endustri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ege Endustri 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 Ege Endustri - 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 Ege Endustri ve to buy it.
The correlation of Ege Endustri 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 Ege Endustri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ege Endustri ve 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 Ege Endustri 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 Ege Endustri Correlation, Ege Endustri Volatility and Ege Endustri Alpha and Beta module to complement your research on Ege Endustri. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Ege Stock analysis
When running Ege Endustri's price analysis, check to measure Ege Endustri'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 Ege Endustri is operating at the current time. Most of Ege Endustri's value examination focuses on studying past and present price action to predict the probability of Ege Endustri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ege Endustri's price. Additionally, you may evaluate how the addition of Ege Endustri to your portfolios can decrease your overall portfolio volatility.
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Ege Endustri 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.