Can2 Termik (Turkey) Market Value
| CANTE Stock | TRY 1.70 0.04 2.41% |
| Symbol | Can2 |
Can2 Termik '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 Can2 Termik'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 Can2 Termik.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Can2 Termik on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Can2 Termik AS or generate 0.0% return on investment in Can2 Termik over 30 days. Can2 Termik is related to or competes with Koza Anadolu, Cuhadaroglu Metal, Sekerbank TAS, Trabzonspor Sportif, Bms Birlesik, and Creditwest Faktoring. an2 Termik A.S. engages in the operation of a coal fired thermal power plant in Turkey More
Can2 Termik 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 Can2 Termik'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 Can2 Termik AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.1038 | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.05 |
Can2 Termik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Can2 Termik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Can2 Termik's standard deviation. In reality, there are many statistical measures that can use Can2 Termik historical prices to predict the future Can2 Termik's volatility.| Risk Adjusted Performance | 0.0996 | |||
| Jensen Alpha | 0.2059 | |||
| Total Risk Alpha | 0.1787 | |||
| Sortino Ratio | 0.0968 | |||
| Treynor Ratio | 1.88 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Can2 Termik's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Can2 Termik AS Backtested Returns
Can2 Termik appears to be unstable, given 3 months investment horizon. Can2 Termik AS secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Can2 Termik AS, which you can use to evaluate the volatility of the firm. Please makes use of Can2 Termik's Risk Adjusted Performance of 0.0996, mean deviation of 1.46, and Downside Deviation of 2.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Can2 Termik holds a performance score of 9. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Can2 Termik's returns are expected to increase less than the market. However, during the bear market, the loss of holding Can2 Termik is expected to be smaller as well. Please check Can2 Termik's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Can2 Termik's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Can2 Termik AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Can2 Termik time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Can2 Termik AS price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Can2 Termik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Can2 Termik AS lagged returns against current returns
Autocorrelation, which is Can2 Termik 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 Can2 Termik's stock expected returns. We can calculate the autocorrelation of Can2 Termik returns to help us make a trade decision. For example, suppose you find that Can2 Termik 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 |
Can2 Termik 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 Can2 Termik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Can2 Termik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Can2 Termik stock over time.
Current vs Lagged Prices |
| Timeline |
Can2 Termik Lagged Returns
When evaluating Can2 Termik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Can2 Termik stock have on its future price. Can2 Termik 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, Can2 Termik autocorrelation shows the relationship between Can2 Termik stock current value and its past values and can show if there is a momentum factor associated with investing in Can2 Termik AS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Can2 Stock
Can2 Termik financial ratios help investors to determine whether Can2 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 Can2 with respect to the benefits of owning Can2 Termik security.