Celebi Hava (Turkey) Market Value
| CLEBI Stock | TRY 1,917 6.00 0.31% |
| Symbol | Celebi |
Celebi Hava '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 Celebi Hava'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 Celebi Hava.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Celebi Hava on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Celebi Hava Servisi or generate 0.0% return on investment in Celebi Hava over 30 days. Celebi Hava is related to or competes with Eregli Demir, Turkiye Petrol, Turkish Airlines, Ford Otomotiv, and Koc Holding. elebi Hava Servisi A.S. provides ground handling services and fuel supplies to domestic and foreign airlines, and privat... More
Celebi Hava 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 Celebi Hava'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 Celebi Hava Servisi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.31 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 3.98 |
Celebi Hava Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celebi Hava's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celebi Hava's standard deviation. In reality, there are many statistical measures that can use Celebi Hava historical prices to predict the future Celebi Hava's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.23) |
Celebi Hava Servisi Backtested Returns
Celebi Hava Servisi secures Sharpe Ratio (or Efficiency) of -0.0225, which signifies that the company had a -0.0225% return per unit of risk over the last 3 months. Celebi Hava Servisi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celebi Hava's Standard Deviation of 2.27, risk adjusted performance of (0.03), and Mean Deviation of 1.59 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Celebi Hava's returns are expected to increase less than the market. However, during the bear market, the loss of holding Celebi Hava is expected to be smaller as well. At this point, Celebi Hava Servisi has a negative expected return of -0.0509%. Please make sure to confirm Celebi Hava's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Celebi Hava Servisi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.92 |
Excellent predictability
Celebi Hava Servisi has excellent predictability. Overlapping area represents the amount of predictability between Celebi Hava time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Celebi Hava Servisi price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Celebi Hava price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 3921.97 |
Celebi Hava Servisi lagged returns against current returns
Autocorrelation, which is Celebi Hava 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 Celebi Hava's stock expected returns. We can calculate the autocorrelation of Celebi Hava returns to help us make a trade decision. For example, suppose you find that Celebi Hava 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 |
Celebi Hava 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 Celebi Hava stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celebi Hava stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celebi Hava stock over time.
Current vs Lagged Prices |
| Timeline |
Celebi Hava Lagged Returns
When evaluating Celebi Hava's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celebi Hava stock have on its future price. Celebi Hava 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, Celebi Hava autocorrelation shows the relationship between Celebi Hava stock current value and its past values and can show if there is a momentum factor associated with investing in Celebi Hava Servisi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Celebi Stock
Celebi Hava financial ratios help investors to determine whether Celebi 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 Celebi with respect to the benefits of owning Celebi Hava security.