Birlik Mensucat (Turkey) Price on October 27, 2023

BRMEN Stock  TRY 5.22  0.17  3.37%   
If you're considering investing in Birlik Stock, it is important to understand the factors that can impact its price. As of today, the current price of Birlik Mensucat stands at 5.22, as last reported on the 22nd of December, with the highest price reaching 5.22 and the lowest price hitting 5.07 during the day. Birlik Mensucat Ticaret secures Sharpe Ratio (or Efficiency) of -0.0021, which signifies that the company had a -0.0021% return per unit of risk over the last 3 months. Birlik Mensucat Ticaret exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Birlik Mensucat's Downside Deviation of 4.22, mean deviation of 3.77, and Risk Adjusted Performance of 0.0111 to double-check the risk estimate we provide.
  
Birlik Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0021

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Estimated Market Risk

 4.96
  actual daily
44
56% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Birlik Mensucat 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 Birlik Mensucat by adding Birlik Mensucat to a well-diversified portfolio.

Birlik Mensucat Valuation on October 27, 2023

It is possible to determine the worth of Birlik Mensucat on a given historical date. On October 27, 2023 Birlik was worth 3.92 at the beginning of the trading date compared to the closed value of 3.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Birlik Mensucat stock. Still, in general, we apply an absolute valuation method to find Birlik Mensucat'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 Birlik Mensucat where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Birlik Mensucat's related companies.
 Open High Low Close Volume
  3.75    3.76    3.75    3.76    435,300  
10/27/2023
  3.92    3.92    3.78    3.78    275,035  
  3.93    3.93    3.70    3.81    165,448  
Backtest Birlik Mensucat  |  Birlik Mensucat History  |  Birlik Mensucat Valuation   PreviousNext  
Open Value
3.92
3.78
Closing Value
18.79
Upside

Birlik Mensucat Trading Date Momentum on October 27, 2023

On October 30 2023 Birlik Mensucat Ticaret was traded for  3.81  at the closing time. The highest price during the trading period was 3.93  and the lowest recorded bid was listed for  3.70 . The volume for the day was 165.4 K. This history from October 30, 2023 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.79% . The overall trading delta to the current price is 0.26% .

Birlik Mensucat Ticaret Fundamentals Correlations and Trends

By evaluating Birlik Mensucat'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 Birlik Mensucat's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Birlik financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Birlik Mensucat Stock history

Birlik Mensucat 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 Birlik is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Birlik Mensucat Ticaret 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 Birlik Mensucat stock prices may prove useful in developing a viable investing in Birlik Mensucat
Birlik Mensucat Ticaret ve Sanayi Isletmesi A.S. manufactures and sells cotton yarns in Turkey and internationally. The company was founded in 1953 and is based in Kayseri, Turkey. BIRLIK MENSUCAT is traded on Istanbul Stock Exchange in Turkey.

Birlik Mensucat Stock Technical Analysis

Birlik Mensucat 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.
A focus of Birlik Mensucat technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Birlik Mensucat trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Birlik Mensucat Period Price Range

Low
December 22, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Birlik Mensucat Ticaret cannot be verified against its exchange. Please verify the symbol is currently traded on Istanbul Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Birlik Mensucat December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Birlik Mensucat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Birlik Mensucat shares will generate the highest return on investment. By undertsting and applying Birlik Mensucat stock market strength indicators, traders can identify Birlik Mensucat Ticaret entry and exit signals to maximize returns

Birlik Mensucat Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Birlik Mensucat's price direction in advance. Along with the technical and fundamental analysis of Birlik Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Birlik 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.

Complementary Tools for Birlik Stock analysis

When running Birlik Mensucat's price analysis, check to measure Birlik Mensucat'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 Birlik Mensucat is operating at the current time. Most of Birlik Mensucat's value examination focuses on studying past and present price action to predict the probability of Birlik Mensucat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Birlik Mensucat's price. Additionally, you may evaluate how the addition of Birlik Mensucat to your portfolios can decrease your overall portfolio volatility.
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