Kordsa Global (Turkey) Market Value
| KORDS Stock | TRY 74.40 0.80 1.09% |
| Symbol | Kordsa |
Kordsa Global '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 Kordsa Global'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 Kordsa Global.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Kordsa Global on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Kordsa Global Endustriyel or generate 0.0% return on investment in Kordsa Global over 390 days. Kordsa Global is related to or competes with QNB Finans, Pamel Yenilenebilir, Logo Yazilim, Prizma Pres, Besiktas Futbol, Euro Menkul, and Yunsa Yunlu. Kordsa Teknik Tekstil Anonim Sirketi manufactures and sells carcass and industrial fabrics More
Kordsa Global 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 Kordsa Global'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 Kordsa Global Endustriyel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.7 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 3.3 |
Kordsa Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kordsa Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kordsa Global's standard deviation. In reality, there are many statistical measures that can use Kordsa Global historical prices to predict the future Kordsa Global's volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 0.0192 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2144 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kordsa Global'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.
Kordsa Global Endustriyel Backtested Returns
Kordsa Global Endustriyel has Sharpe Ratio of -0.0032, which conveys that the firm had a -0.0032% return per unit of risk over the last 3 months. Kordsa Global exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kordsa Global's Risk Adjusted Performance of 0.0241, mean deviation of 1.48, and Downside Deviation of 1.82 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kordsa Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kordsa Global is expected to be smaller as well. At this point, Kordsa Global Endustriyel has a negative expected return of -0.0058%. Please make sure to verify Kordsa Global's value at risk, as well as the relationship between the skewness and day median price , to decide if Kordsa Global Endustriyel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Kordsa Global Endustriyel has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kordsa Global time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Kordsa Global Endustriyel price movement. The serial correlation of -0.79 indicates that around 79.0% of current Kordsa Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 97.46 |
Kordsa Global Endustriyel lagged returns against current returns
Autocorrelation, which is Kordsa Global 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 Kordsa Global's stock expected returns. We can calculate the autocorrelation of Kordsa Global returns to help us make a trade decision. For example, suppose you find that Kordsa Global 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 |
Kordsa Global 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 Kordsa Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kordsa Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kordsa Global stock over time.
Current vs Lagged Prices |
| Timeline |
Kordsa Global Lagged Returns
When evaluating Kordsa Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kordsa Global stock have on its future price. Kordsa Global 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, Kordsa Global autocorrelation shows the relationship between Kordsa Global stock current value and its past values and can show if there is a momentum factor associated with investing in Kordsa Global Endustriyel.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Kordsa Stock
Kordsa Global financial ratios help investors to determine whether Kordsa 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 Kordsa with respect to the benefits of owning Kordsa Global security.