Eregli Demir (Turkey) Market Value
| EREGL Stock | TRY 21.86 0.26 1.18% |
| Symbol | Eregli |
Eregli Demir '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 Eregli Demir'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 Eregli Demir.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Eregli Demir on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Eregli Demir ve or generate 0.0% return on investment in Eregli Demir over 30 days. Eregli Demir is related to or competes with Turkiye Sise, Turkiye Petrol, Ford Otomotiv, Petkim Petrokimya, and Aselsan Elektronik. Eregli Demir ve elik Fabrikalari T.A.S., together with its subsidiaries, produces and sells iron and steel rolled produc... More
Eregli Demir 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 Eregli Demir'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 Eregli Demir ve upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.8 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.73 |
Eregli Demir Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eregli Demir's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eregli Demir's standard deviation. In reality, there are many statistical measures that can use Eregli Demir historical prices to predict the future Eregli Demir's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.35) |
Eregli Demir ve Backtested Returns
Eregli Demir ve secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13 % return per unit of risk over the last 3 months. Eregli Demir ve exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eregli Demir's Mean Deviation of 1.24, variance of 2.69, and Standard Deviation of 1.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eregli Demir's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eregli Demir is expected to be smaller as well. At this point, Eregli Demir ve has a negative expected return of -0.21%. Please make sure to confirm Eregli Demir's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Eregli Demir ve performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Eregli Demir ve has weak reverse predictability. Overlapping area represents the amount of predictability between Eregli Demir time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Eregli Demir ve price movement. The serial correlation of -0.23 indicates that over 23.0% of current Eregli Demir price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Eregli Demir ve lagged returns against current returns
Autocorrelation, which is Eregli Demir 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 Eregli Demir's stock expected returns. We can calculate the autocorrelation of Eregli Demir returns to help us make a trade decision. For example, suppose you find that Eregli Demir 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 |
Eregli Demir 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 Eregli Demir stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eregli Demir stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eregli Demir stock over time.
Current vs Lagged Prices |
| Timeline |
Eregli Demir Lagged Returns
When evaluating Eregli Demir's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eregli Demir stock have on its future price. Eregli Demir 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, Eregli Demir autocorrelation shows the relationship between Eregli Demir stock current value and its past values and can show if there is a momentum factor associated with investing in Eregli Demir ve.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Eregli Stock
Eregli Demir financial ratios help investors to determine whether Eregli 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 Eregli with respect to the benefits of owning Eregli Demir security.