Eminis Ambalaj (Turkey) Market Value
| EMNIS Stock | TRY 258.00 10.00 3.73% |
| Symbol | Eminis |
Eminis Ambalaj '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 Eminis Ambalaj'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 Eminis Ambalaj.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Eminis Ambalaj on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Eminis Ambalaj Sanayi or generate 0.0% return on investment in Eminis Ambalaj over 30 days. Eminis Ambalaj is related to or competes with Ege Endustri, Bosch Fren, Dogus Otomotiv, Nuh Cimento, Federal Mogul, Eregli Demir, and Iskenderun Demir. Eminis Ambalaj Sanayi ve Ticaret A.S. engages in manufacturing and marketing plastic and metal packaging solutions in Tu... More
Eminis Ambalaj 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 Eminis Ambalaj'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 Eminis Ambalaj Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.81 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 8.7 |
Eminis Ambalaj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eminis Ambalaj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eminis Ambalaj's standard deviation. In reality, there are many statistical measures that can use Eminis Ambalaj historical prices to predict the future Eminis Ambalaj's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.4358 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eminis Ambalaj'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.
Eminis Ambalaj Sanayi Backtested Returns
Eminis Ambalaj Sanayi secures Sharpe Ratio (or Efficiency) of -0.0485, which denotes the company had a -0.0485% return per unit of risk over the last 3 months. Eminis Ambalaj Sanayi exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eminis Ambalaj's Mean Deviation of 2.64, variance of 13.51, and Standard Deviation of 3.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eminis Ambalaj are expected to decrease at a much lower rate. During the bear market, Eminis Ambalaj is likely to outperform the market. At this point, Eminis Ambalaj Sanayi has a negative expected return of -0.18%. Please make sure to confirm Eminis Ambalaj's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Eminis Ambalaj Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Eminis Ambalaj Sanayi has excellent reverse predictability. Overlapping area represents the amount of predictability between Eminis Ambalaj time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Eminis Ambalaj Sanayi price movement. The serial correlation of -0.83 indicates that around 83.0% of current Eminis Ambalaj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 367.36 |
Eminis Ambalaj Sanayi lagged returns against current returns
Autocorrelation, which is Eminis Ambalaj 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 Eminis Ambalaj's stock expected returns. We can calculate the autocorrelation of Eminis Ambalaj returns to help us make a trade decision. For example, suppose you find that Eminis Ambalaj 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 |
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Eminis Ambalaj 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 Eminis Ambalaj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eminis Ambalaj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eminis Ambalaj stock over time.
Current vs Lagged Prices |
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Eminis Ambalaj Lagged Returns
When evaluating Eminis Ambalaj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eminis Ambalaj stock have on its future price. Eminis Ambalaj 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, Eminis Ambalaj autocorrelation shows the relationship between Eminis Ambalaj stock current value and its past values and can show if there is a momentum factor associated with investing in Eminis Ambalaj Sanayi.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Eminis Stock
Eminis Ambalaj financial ratios help investors to determine whether Eminis 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 Eminis with respect to the benefits of owning Eminis Ambalaj security.