Petkim Petrokimya (Turkey) Price on December 11, 2024
PETKM Stock | TRY 19.18 0.44 2.35% |
If you're considering investing in Petkim Stock, it is important to understand the factors that can impact its price. As of today, the current price of Petkim Petrokimya stands at 19.18, as last reported on the 13th of December 2024, with the highest price reaching 19.19 and the lowest price hitting 18.69 during the day. Petkim Petrokimya Holding maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Petkim Petrokimya Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petkim Petrokimya's Coefficient Of Variation of (909.25), variance of 4.39, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
Petkim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Petkim |
Sharpe Ratio = -0.117
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | PETKM |
Estimated Market Risk
2.09 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Petkim Petrokimya 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 Petkim Petrokimya by adding Petkim Petrokimya to a well-diversified portfolio.
Petkim Petrokimya Valuation on December 11, 2024
It is possible to determine the worth of Petkim Petrokimya on a given historical date. On December 11, 2024 Petkim was worth 19.0 at the beginning of the trading date compared to the closed value of 18.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Petkim Petrokimya stock. Still, in general, we apply an absolute valuation method to find Petkim Petrokimya'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 Petkim Petrokimya where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Petkim Petrokimya's related companies.
Open | High | Low | Close | Volume | |
19.49 | 19.60 | 18.95 | 18.99 | 40,256,867 | |
12/11/2024 | 19.00 | 19.06 | 18.70 | 18.79 | 44,721,846 |
18.90 | 19.05 | 18.64 | 18.74 | 42,316,581 |
Backtest Petkim Petrokimya | | | Petkim Petrokimya History | | | Petkim Petrokimya Valuation | Previous | Next |
Petkim Petrokimya Trading Date Momentum on December 11, 2024
On December 12 2024 Petkim Petrokimya Holding was traded for 18.74 at the closing time. The highest price during the trading period was 19.05 and the lowest recorded bid was listed for 18.64 . The volume for the day was 42.3 M. This history from December 12, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 0.27% . The trading delta at closing time to the current price is 0.37% . |
Petkim Petrokimya Holding Fundamentals Correlations and Trends
By evaluating Petkim Petrokimya'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 Petkim Petrokimya's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Petkim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Petkim Petrokimya Stock history
Petkim Petrokimya 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 Petkim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Petkim Petrokimya Holding 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 Petkim Petrokimya stock prices may prove useful in developing a viable investing in Petkim Petrokimya
Petkim Petrokimya Holding Anonim Sirketi operates as a petrochemical company in Turkey. Petkim Petrokimya Holding A.S. operates as a subsidiary of Socar Turkey Petrokimya AS. PETKIM operates under Chemicals classification in Turkey and is traded on Istanbul Stock Exchange. It employs 2373 people.
Petkim Petrokimya Stock Technical Analysis
Petkim Petrokimya 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.
Price Boundaries
Petkim Petrokimya Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Petkim Petrokimya Holding 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.
Petkim Petrokimya December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Petkim Petrokimya stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Petkim Petrokimya shares will generate the highest return on investment. By undertsting and applying Petkim Petrokimya stock market strength indicators, traders can identify Petkim Petrokimya Holding entry and exit signals to maximize returns
Petkim Petrokimya Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Petkim Petrokimya's price direction in advance. Along with the technical and fundamental analysis of Petkim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Petkim 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.
Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.29) | |||
Total Risk Alpha | (0.53) | |||
Treynor Ratio | (0.48) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Petkim Stock analysis
When running Petkim Petrokimya's price analysis, check to measure Petkim Petrokimya'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 Petkim Petrokimya is operating at the current time. Most of Petkim Petrokimya's value examination focuses on studying past and present price action to predict the probability of Petkim Petrokimya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petkim Petrokimya's price. Additionally, you may evaluate how the addition of Petkim Petrokimya to your portfolios can decrease your overall portfolio volatility.
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum |