Derimod Konfeksiyon (Turkey) Market Value
| DERIM Stock | TRY 33.54 0.60 1.76% |
| Symbol | Derimod |
Derimod Konfeksiyon '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 Derimod Konfeksiyon'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 Derimod Konfeksiyon.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Derimod Konfeksiyon on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Derimod Konfeksiyon Ayakkabi or generate 0.0% return on investment in Derimod Konfeksiyon over 390 days. Derimod Konfeksiyon is related to or competes with Ford Otomotiv, Tofas Turk, Hektas Ticaret, Eregli Demir, and Aksa Akrilik. Derimod Konfeksiyon Ayakkabi Deri Sanayi ve Ticaret A.S More
Derimod Konfeksiyon 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 Derimod Konfeksiyon'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 Derimod Konfeksiyon Ayakkabi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 5.32 |
Derimod Konfeksiyon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Derimod Konfeksiyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Derimod Konfeksiyon's standard deviation. In reality, there are many statistical measures that can use Derimod Konfeksiyon historical prices to predict the future Derimod Konfeksiyon's volatility.| Risk Adjusted Performance | 0.0105 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Derimod Konfeksiyon Backtested Returns
Derimod Konfeksiyon is not too volatile at the moment. Derimod Konfeksiyon secures Sharpe Ratio (or Efficiency) of 0.0016, which denotes the company had a 0.0016% return per unit of risk over the last 3 months. We have found thirty technical indicators for Derimod Konfeksiyon Ayakkabi, which you can use to evaluate the volatility of the firm. Please confirm Derimod Konfeksiyon's Mean Deviation of 2.36, coefficient of variation of 26072.84, and Downside Deviation of 2.8 to check if the risk estimate we provide is consistent with the expected return of 0.0048%. The firm shows a Beta (market volatility) of -0.0805, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Derimod Konfeksiyon are expected to decrease at a much lower rate. During the bear market, Derimod Konfeksiyon is likely to outperform the market. Derimod Konfeksiyon right now shows a risk of 3.0%. Please confirm Derimod Konfeksiyon expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Derimod Konfeksiyon will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Derimod Konfeksiyon Ayakkabi has good reverse predictability. Overlapping area represents the amount of predictability between Derimod Konfeksiyon 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 Derimod Konfeksiyon price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Derimod Konfeksiyon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 16.18 |
Derimod Konfeksiyon lagged returns against current returns
Autocorrelation, which is Derimod Konfeksiyon 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 Derimod Konfeksiyon's stock expected returns. We can calculate the autocorrelation of Derimod Konfeksiyon returns to help us make a trade decision. For example, suppose you find that Derimod Konfeksiyon 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 |
Derimod Konfeksiyon 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 Derimod Konfeksiyon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Derimod Konfeksiyon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Derimod Konfeksiyon stock over time.
Current vs Lagged Prices |
| Timeline |
Derimod Konfeksiyon Lagged Returns
When evaluating Derimod Konfeksiyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Derimod Konfeksiyon stock have on its future price. Derimod Konfeksiyon 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, Derimod Konfeksiyon autocorrelation shows the relationship between Derimod Konfeksiyon stock current value and its past values and can show if there is a momentum factor associated with investing in Derimod Konfeksiyon Ayakkabi.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Derimod Stock
Derimod Konfeksiyon financial ratios help investors to determine whether Derimod 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 Derimod with respect to the benefits of owning Derimod Konfeksiyon security.