Seyitler Kimya (Turkey) Market Value
| SEYKM Stock | TRY 9.36 0.02 0.21% |
| Symbol | Seyitler |
Seyitler Kimya '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 Seyitler Kimya'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 Seyitler Kimya.
| 02/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Seyitler Kimya on February 26, 2024 and sell it all today you would earn a total of 0.00 from holding Seyitler Kimya Sanayi or generate 0.0% return on investment in Seyitler Kimya over 90 days. Seyitler Kimya is related to or competes with Bms Birlesik, ICBC Turkey, Trabzonspor Sportif, Akcansa Cimento, and Politeknik Metal. Seyitler Kimya Sanayi A.S. manufactures and sells medical adhesive and surgical tapes, wound dressings, first aid plaste... More
Seyitler Kimya 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 Seyitler Kimya'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 Seyitler Kimya Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.1561 | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 9.89 |
Seyitler Kimya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seyitler Kimya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seyitler Kimya's standard deviation. In reality, there are many statistical measures that can use Seyitler Kimya historical prices to predict the future Seyitler Kimya's volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.6689 | |||
| Total Risk Alpha | 0.3954 | |||
| Sortino Ratio | 0.1754 | |||
| Treynor Ratio | (1.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seyitler Kimya'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.
Seyitler Kimya Sanayi Backtested Returns
Seyitler Kimya appears to be slightly risky, given 3 months investment horizon. Seyitler Kimya Sanayi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Seyitler Kimya's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review Seyitler Kimya's Semi Deviation of 2.89, risk adjusted performance of 0.1066, and Coefficient Of Variation of 594.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Seyitler Kimya holds a performance score of 13. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Seyitler Kimya are expected to decrease at a much lower rate. During the bear market, Seyitler Kimya is likely to outperform the market. Please check Seyitler Kimya's expected short fall, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Seyitler Kimya's existing price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Seyitler Kimya Sanayi has modest reverse predictability. Overlapping area represents the amount of predictability between Seyitler Kimya time series from 26th of February 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Seyitler Kimya Sanayi price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Seyitler Kimya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Seyitler Kimya Sanayi lagged returns against current returns
Autocorrelation, which is Seyitler Kimya 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 Seyitler Kimya's stock expected returns. We can calculate the autocorrelation of Seyitler Kimya returns to help us make a trade decision. For example, suppose you find that Seyitler Kimya 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 |
Seyitler Kimya 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 Seyitler Kimya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seyitler Kimya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seyitler Kimya stock over time.
Current vs Lagged Prices |
| Timeline |
Seyitler Kimya Lagged Returns
When evaluating Seyitler Kimya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seyitler Kimya stock have on its future price. Seyitler Kimya 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, Seyitler Kimya autocorrelation shows the relationship between Seyitler Kimya stock current value and its past values and can show if there is a momentum factor associated with investing in Seyitler Kimya Sanayi.
Regressed Prices |
| Timeline |
Pair Trading with Seyitler Kimya
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 Seyitler Kimya 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 Seyitler Kimya will appreciate offsetting losses from the drop in the long position's value.Moving together with Seyitler Stock
| 0.72 | ISBTR | Turkiye Is Bankasi | PairCorr |
| 0.83 | ISCTR | Turkiye Is Bankasi Split | PairCorr |
| 0.86 | SAHOL | Haci Omer Sabanci | PairCorr |
| 0.84 | GARAN | Turkiye Garanti Bankasi | PairCorr |
Moving against Seyitler Stock
| 0.43 | ISATR | Turkiye Is Bankasi | PairCorr |
The ability to find closely correlated positions to Seyitler Kimya could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seyitler Kimya 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 Seyitler Kimya - 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 Seyitler Kimya Sanayi to buy it.
The correlation of Seyitler Kimya 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 Seyitler Kimya moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seyitler Kimya 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 Seyitler Kimya 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 Seyitler Kimya Correlation, Seyitler Kimya Volatility and Seyitler Kimya Alpha and Beta module to complement your research on Seyitler Kimya. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Seyitler Stock analysis
When running Seyitler Kimya's price analysis, check to measure Seyitler Kimya'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 Seyitler Kimya is operating at the current time. Most of Seyitler Kimya's value examination focuses on studying past and present price action to predict the probability of Seyitler Kimya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seyitler Kimya's price. Additionally, you may evaluate how the addition of Seyitler Kimya to your portfolios can decrease your overall portfolio volatility.
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