Aydem Yenilenebilir (Turkey) Market Value
| AYDEM Stock | TRY 23.80 0.30 1.24% |
| Symbol | Aydem |
Aydem Yenilenebilir '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 Aydem Yenilenebilir'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 Aydem Yenilenebilir.
| 12/22/2023 |
| 12/16/2024 |
If you would invest 0.00 in Aydem Yenilenebilir on December 22, 2023 and sell it all today you would earn a total of 0.00 from holding Aydem Yenilenebilir Enerji or generate 0.0% return on investment in Aydem Yenilenebilir over 360 days. Aydem Yenilenebilir is related to or competes with Koza Anadolu, Creditwest Faktoring, Silverline Endustri, Gentas Genel, and Cuhadaroglu Metal. Aydem Yenilenebilir Enerji A.S. operates as a renewable energy company in Turkey More
Aydem Yenilenebilir 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 Aydem Yenilenebilir'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 Aydem Yenilenebilir Enerji upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 3.81 |
Aydem Yenilenebilir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aydem Yenilenebilir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aydem Yenilenebilir's standard deviation. In reality, there are many statistical measures that can use Aydem Yenilenebilir historical prices to predict the future Aydem Yenilenebilir's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.02) |
Aydem Yenilenebilir Backtested Returns
Aydem Yenilenebilir secures Sharpe Ratio (or Efficiency) of -0.0191, which signifies that the company had a -0.0191% return per unit of standard deviation over the last 3 months. Aydem Yenilenebilir Enerji exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aydem Yenilenebilir's risk adjusted performance of 0.0067, and Mean Deviation of 1.76 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aydem Yenilenebilir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aydem Yenilenebilir is expected to be smaller as well. At this point, Aydem Yenilenebilir has a negative expected return of -0.0454%. Please make sure to confirm Aydem Yenilenebilir's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Aydem Yenilenebilir performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Aydem Yenilenebilir Enerji has excellent reverse predictability. Overlapping area represents the amount of predictability between Aydem Yenilenebilir time series from 22nd of December 2023 to 19th of June 2024 and 19th of June 2024 to 16th 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 Aydem Yenilenebilir price movement. The serial correlation of -0.81 indicates that around 81.0% of current Aydem Yenilenebilir price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 15.95 |
Aydem Yenilenebilir lagged returns against current returns
Autocorrelation, which is Aydem Yenilenebilir 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 Aydem Yenilenebilir's stock expected returns. We can calculate the autocorrelation of Aydem Yenilenebilir returns to help us make a trade decision. For example, suppose you find that Aydem Yenilenebilir 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 |
Aydem Yenilenebilir 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 Aydem Yenilenebilir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aydem Yenilenebilir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aydem Yenilenebilir stock over time.
Current vs Lagged Prices |
| Timeline |
Aydem Yenilenebilir Lagged Returns
When evaluating Aydem Yenilenebilir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aydem Yenilenebilir stock have on its future price. Aydem Yenilenebilir 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, Aydem Yenilenebilir autocorrelation shows the relationship between Aydem Yenilenebilir stock current value and its past values and can show if there is a momentum factor associated with investing in Aydem Yenilenebilir Enerji.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Aydem Stock
Aydem Yenilenebilir financial ratios help investors to determine whether Aydem 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 Aydem with respect to the benefits of owning Aydem Yenilenebilir security.