Global Menkul (Turkey) Market Value
| GLBMD Stock | TRY 12.76 0.33 2.52% |
| Symbol | Global |
Global Menkul '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 Global Menkul'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 Global Menkul.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Global Menkul on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Global Menkul Degerler or generate 0.0% return on investment in Global Menkul over 30 days. Global Menkul is related to or competes with Aksa Akrilik, Tofas Turk, AK Sigorta, and Is Yatirim. Global Menkul Degerler Anonim Sirketi provides capital market brokerage services to individuals, financial institutions,... More
Global Menkul 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 Global Menkul'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 Global Menkul Degerler upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.0806 | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 9.95 |
Global Menkul Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Menkul's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Menkul's standard deviation. In reality, there are many statistical measures that can use Global Menkul historical prices to predict the future Global Menkul's volatility.| Risk Adjusted Performance | 0.0782 | |||
| Jensen Alpha | 0.3596 | |||
| Total Risk Alpha | 0.2334 | |||
| Sortino Ratio | 0.1108 | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Menkul'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.
Global Menkul Degerler Backtested Returns
Global Menkul appears to be somewhat reliable, given 3 months investment horizon. Global Menkul Degerler holds Efficiency (Sharpe) Ratio of 0.0982, which attests that the entity had a 0.0982% return per unit of risk over the last 3 months. We have found thirty technical indicators for Global Menkul Degerler, which you can use to evaluate the volatility of the firm. Please utilize Global Menkul's Downside Deviation of 2.92, market risk adjusted performance of (0.55), and Risk Adjusted Performance of 0.0782 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global Menkul holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Global Menkul are expected to decrease at a much lower rate. During the bear market, Global Menkul is likely to outperform the market. Please check Global Menkul's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Global Menkul's current trending patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Global Menkul Degerler has good reverse predictability. Overlapping area represents the amount of predictability between Global Menkul 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 Global Menkul Degerler price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Global Menkul price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.74 |
Global Menkul Degerler lagged returns against current returns
Autocorrelation, which is Global Menkul 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 Global Menkul's stock expected returns. We can calculate the autocorrelation of Global Menkul returns to help us make a trade decision. For example, suppose you find that Global Menkul 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 |
Global Menkul 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 Global Menkul stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Menkul stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Menkul stock over time.
Current vs Lagged Prices |
| Timeline |
Global Menkul Lagged Returns
When evaluating Global Menkul's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Menkul stock have on its future price. Global Menkul 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, Global Menkul autocorrelation shows the relationship between Global Menkul stock current value and its past values and can show if there is a momentum factor associated with investing in Global Menkul Degerler.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Global Stock
Global Menkul financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Menkul security.