Cimentas Izmir (Turkey) Market Value
CMENT Stock | TRY 434.75 5.25 1.19% |
Symbol | Cimentas |
Cimentas Izmir '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 Cimentas Izmir'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 Cimentas Izmir.
06/20/2023 |
| 01/10/2025 |
If you would invest 0.00 in Cimentas Izmir on June 20, 2023 and sell it all today you would earn a total of 0.00 from holding Cimentas Izmir Cimento or generate 0.0% return on investment in Cimentas Izmir over 570 days. Cimentas Izmir is related to or competes with Creditwest Faktoring, Akbank TAS, Trabzonspor Sportif, Politeknik Metal, E Data, and Cuhadaroglu Metal. imentas Izmir imento Fabrikasi Trk A.S., together with its subsidiaries, produces and sells cement in Turkey and interna... More
Cimentas Izmir 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 Cimentas Izmir'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 Cimentas Izmir Cimento upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.91 | |||
Information Ratio | 0.0933 | |||
Maximum Drawdown | 17.25 | |||
Value At Risk | (4.12) | |||
Potential Upside | 5.77 |
Cimentas Izmir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cimentas Izmir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cimentas Izmir's standard deviation. In reality, there are many statistical measures that can use Cimentas Izmir historical prices to predict the future Cimentas Izmir's volatility.Risk Adjusted Performance | 0.0886 | |||
Jensen Alpha | 0.3253 | |||
Total Risk Alpha | 0.2512 | |||
Sortino Ratio | 0.1049 | |||
Treynor Ratio | (2.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cimentas Izmir'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.
Cimentas Izmir Cimento Backtested Returns
Cimentas Izmir appears to be very steady, given 3 months investment horizon. Cimentas Izmir Cimento secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cimentas Izmir Cimento, which you can use to evaluate the volatility of the firm. Please makes use of Cimentas Izmir's Downside Deviation of 2.91, mean deviation of 2.43, and Risk Adjusted Performance of 0.0886 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cimentas Izmir holds a performance score of 10. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cimentas Izmir are expected to decrease at a much lower rate. During the bear market, Cimentas Izmir is likely to outperform the market. Please check Cimentas Izmir's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Cimentas Izmir's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Cimentas Izmir Cimento has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cimentas Izmir time series from 20th of June 2023 to 31st of March 2024 and 31st of March 2024 to 10th 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 Cimentas Izmir Cimento price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Cimentas Izmir price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.11 | |
Spearman Rank Test | -0.17 | |
Residual Average | 0.0 | |
Price Variance | 3565.95 |
Cimentas Izmir Cimento lagged returns against current returns
Autocorrelation, which is Cimentas Izmir 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 Cimentas Izmir's stock expected returns. We can calculate the autocorrelation of Cimentas Izmir returns to help us make a trade decision. For example, suppose you find that Cimentas Izmir 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 |
Cimentas Izmir 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 Cimentas Izmir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cimentas Izmir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cimentas Izmir stock over time.
Current vs Lagged Prices |
Timeline |
Cimentas Izmir Lagged Returns
When evaluating Cimentas Izmir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cimentas Izmir stock have on its future price. Cimentas Izmir 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, Cimentas Izmir autocorrelation shows the relationship between Cimentas Izmir stock current value and its past values and can show if there is a momentum factor associated with investing in Cimentas Izmir Cimento.
Regressed Prices |
Timeline |
Thematic Opportunities
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Other Information on Investing in Cimentas Stock
Cimentas Izmir financial ratios help investors to determine whether Cimentas 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 Cimentas with respect to the benefits of owning Cimentas Izmir security.