Birlik Mensucat (Turkey) Market Value
| BRMEN Stock | TRY 5.22 0.17 3.37% |
| Symbol | Birlik |
Birlik Mensucat '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 Birlik Mensucat'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 Birlik Mensucat.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Birlik Mensucat on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Birlik Mensucat Ticaret or generate 0.0% return on investment in Birlik Mensucat over 390 days. Birlik Mensucat is related to or competes with Ford Otomotiv, Tofas Turk, Hektas Ticaret, Eregli Demir, and Aksa Akrilik. Birlik Mensucat Ticaret ve Sanayi Isletmesi A.S More
Birlik Mensucat 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 Birlik Mensucat'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 Birlik Mensucat Ticaret upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.22 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 9.9 |
Birlik Mensucat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Birlik Mensucat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Birlik Mensucat's standard deviation. In reality, there are many statistical measures that can use Birlik Mensucat historical prices to predict the future Birlik Mensucat's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0054 |
Birlik Mensucat Ticaret Backtested Returns
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 thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Birlik Mensucat's Risk Adjusted Performance of 0.0111, mean deviation of 3.77, and Downside Deviation of 4.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Birlik Mensucat will likely underperform. At this point, Birlik Mensucat Ticaret has a negative expected return of -0.0106%. Please make sure to confirm Birlik Mensucat's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Birlik Mensucat Ticaret performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Birlik Mensucat Ticaret has poor reverse predictability. Overlapping area represents the amount of predictability between Birlik Mensucat 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 Birlik Mensucat Ticaret price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Birlik Mensucat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Birlik Mensucat Ticaret lagged returns against current returns
Autocorrelation, which is Birlik Mensucat 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 Birlik Mensucat's stock expected returns. We can calculate the autocorrelation of Birlik Mensucat returns to help us make a trade decision. For example, suppose you find that Birlik Mensucat 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 |
Birlik Mensucat 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 Birlik Mensucat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Birlik Mensucat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Birlik Mensucat stock over time.
Current vs Lagged Prices |
| Timeline |
Birlik Mensucat Lagged Returns
When evaluating Birlik Mensucat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Birlik Mensucat stock have on its future price. Birlik Mensucat 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, Birlik Mensucat autocorrelation shows the relationship between Birlik Mensucat stock current value and its past values and can show if there is a momentum factor associated with investing in Birlik Mensucat Ticaret.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in Birlik Stock
Birlik Mensucat financial ratios help investors to determine whether Birlik 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 Birlik with respect to the benefits of owning Birlik Mensucat security.