Merko Gida (Turkey) Market Value
| MERKO Stock | TRY 15.14 0.40 2.57% |
| Symbol | Merko |
Merko Gida '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 Merko Gida'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 Merko Gida.
| 02/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Merko Gida on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Merko Gida Sanayi or generate 0.0% return on investment in Merko Gida over 90 days. Merko Gida is related to or competes with Migros Ticaret, Turk Telekomunikasyon, Tofas Turk, and Turkcell Iletisim. Merko Gida Sanayi ve Ticaret A.S. operates as a processor and exporter of tomatoes into the raw material for the food in... More
Merko Gida 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 Merko Gida'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 Merko Gida Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0823 | |||
| Maximum Drawdown | 15.03 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 5.89 |
Merko Gida Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merko Gida's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merko Gida's standard deviation. In reality, there are many statistical measures that can use Merko Gida historical prices to predict the future Merko Gida's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.3254 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0859 | |||
| Treynor Ratio | 0.8272 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Merko Gida'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.
Merko Gida Sanayi Backtested Returns
Merko Gida appears to be out of control, given 3 months investment horizon. Merko Gida Sanayi has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Merko Gida, which you can use to evaluate the volatility of the firm. Please exercise Merko Gida's Downside Deviation of 3.15, risk adjusted performance of 0.0769, and Mean Deviation of 2.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Merko Gida holds a performance score of 9. The company secures a Beta (Market Risk) of 0.45, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Merko Gida's returns are expected to increase less than the market. However, during the bear market, the loss of holding Merko Gida is expected to be smaller as well. Please check Merko Gida's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Merko Gida's current price movements will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Merko Gida Sanayi has very weak reverse predictability. Overlapping area represents the amount of predictability between Merko Gida time series from 17th of February 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Merko Gida Sanayi price movement. The serial correlation of -0.01 indicates that just 1.0% of current Merko Gida price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Merko Gida Sanayi lagged returns against current returns
Autocorrelation, which is Merko Gida 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 Merko Gida's stock expected returns. We can calculate the autocorrelation of Merko Gida returns to help us make a trade decision. For example, suppose you find that Merko Gida 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 |
Merko Gida 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 Merko Gida stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merko Gida stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merko Gida stock over time.
Current vs Lagged Prices |
| Timeline |
Merko Gida Lagged Returns
When evaluating Merko Gida's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merko Gida stock have on its future price. Merko Gida 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, Merko Gida autocorrelation shows the relationship between Merko Gida stock current value and its past values and can show if there is a momentum factor associated with investing in Merko Gida Sanayi.
Regressed Prices |
| Timeline |
Pair Trading with Merko Gida
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 Merko Gida 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 Merko Gida will appreciate offsetting losses from the drop in the long position's value.Moving together with Merko Stock
| 0.77 | GARAN | Turkiye Garanti Bankasi | PairCorr |
| 0.76 | YKBNK | Yapi ve Kredi | PairCorr |
| 0.78 | AKBNK | Akbank TAS | PairCorr |
| 0.78 | ISCTR | Turkiye Is Bankasi Split | PairCorr |
The ability to find closely correlated positions to Merko Gida could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Merko Gida 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 Merko Gida - 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 Merko Gida Sanayi to buy it.
The correlation of Merko Gida 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 Merko Gida moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merko Gida 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 Merko Gida 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 Merko Gida Correlation, Merko Gida Volatility and Merko Gida Alpha and Beta module to complement your research on Merko Gida. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Merko Stock analysis
When running Merko Gida's price analysis, check to measure Merko Gida'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 Merko Gida is operating at the current time. Most of Merko Gida's value examination focuses on studying past and present price action to predict the probability of Merko Gida's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merko Gida's price. Additionally, you may evaluate how the addition of Merko Gida to your portfolios can decrease your overall portfolio volatility.
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Merko Gida 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.