Aksa Enerji (Turkey) Market Value
| AKSEN Stock | TRY 35.96 0.62 1.69% |
| Symbol | Aksa |
Aksa Enerji '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 Aksa Enerji'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 Aksa Enerji.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Aksa Enerji on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Aksa Enerji Uretim or generate 0.0% return on investment in Aksa Enerji over 390 days. Aksa Enerji is related to or competes with Turkiye Petrol, Aksa Akrilik, Arcelik AS, Tofas Turk, and Ford Otomotiv. Aksa Enerji retim A.S., an independent power producer, produces and sells electricity in Turkey and Africa More
Aksa Enerji 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 Aksa Enerji'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 Aksa Enerji Uretim upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 2.59 |
Aksa Enerji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aksa Enerji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aksa Enerji's standard deviation. In reality, there are many statistical measures that can use Aksa Enerji historical prices to predict the future Aksa Enerji's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.49) |
Aksa Enerji Uretim Backtested Returns
Aksa Enerji Uretim secures Sharpe Ratio (or Efficiency) of -0.046, which signifies that the company had a -0.046% return per unit of risk over the last 3 months. Aksa Enerji Uretim exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aksa Enerji's Standard Deviation of 1.9, mean deviation of 1.51, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aksa Enerji's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aksa Enerji is expected to be smaller as well. At this point, Aksa Enerji Uretim has a negative expected return of -0.0871%. Please make sure to confirm Aksa Enerji's skewness, as well as the relationship between the day median price and relative strength index , to decide if Aksa Enerji Uretim performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Aksa Enerji Uretim has good reverse predictability. Overlapping area represents the amount of predictability between Aksa Enerji time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd of December 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 Aksa Enerji Uretim price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Aksa Enerji price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 14.55 |
Aksa Enerji Uretim lagged returns against current returns
Autocorrelation, which is Aksa Enerji 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 Aksa Enerji's stock expected returns. We can calculate the autocorrelation of Aksa Enerji returns to help us make a trade decision. For example, suppose you find that Aksa Enerji 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 |
Aksa Enerji 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 Aksa Enerji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aksa Enerji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aksa Enerji stock over time.
Current vs Lagged Prices |
| Timeline |
Aksa Enerji Lagged Returns
When evaluating Aksa Enerji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aksa Enerji stock have on its future price. Aksa Enerji 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, Aksa Enerji autocorrelation shows the relationship between Aksa Enerji stock current value and its past values and can show if there is a momentum factor associated with investing in Aksa Enerji Uretim.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Aksa Stock
Aksa Enerji financial ratios help investors to determine whether Aksa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aksa with respect to the benefits of owning Aksa Enerji security.