Korfez Gayrimenkul (Turkey) Market Value
| KRGYO Stock | TRY 9.00 1.00 10.00% |
| Symbol | Korfez |
Korfez Gayrimenkul '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 Korfez Gayrimenkul'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 Korfez Gayrimenkul.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Korfez Gayrimenkul on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Korfez Gayrimenkul Yatirim or generate 0.0% return on investment in Korfez Gayrimenkul over 570 days. Korfez Gayrimenkul is related to or competes with Turkiye Garanti, Turkiye Is, Turkiye Is, Akbank TAS, Koc Holding, Yapi Ve, and Haci Omer. Krfez Gayrimenkul Yatirim Ortakligi A.S. develops and markets real estate projects in Turkey More
Korfez Gayrimenkul 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 Korfez Gayrimenkul'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 Korfez Gayrimenkul Yatirim upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.1371 | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 9.85 |
Korfez Gayrimenkul Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Korfez Gayrimenkul's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Korfez Gayrimenkul's standard deviation. In reality, there are many statistical measures that can use Korfez Gayrimenkul historical prices to predict the future Korfez Gayrimenkul's volatility.| Risk Adjusted Performance | 0.1287 | |||
| Jensen Alpha | 0.6164 | |||
| Total Risk Alpha | 0.0901 | |||
| Sortino Ratio | 0.1773 | |||
| Treynor Ratio | 4.53 |
Korfez Gayrimenkul Backtested Returns
Korfez Gayrimenkul appears to be slightly risky, given 3 months investment horizon. Korfez Gayrimenkul has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Korfez Gayrimenkul's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Korfez Gayrimenkul's Downside Deviation of 2.98, mean deviation of 2.61, and Risk Adjusted Performance of 0.1287 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Korfez Gayrimenkul holds a performance score of 12. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Korfez Gayrimenkul's returns are expected to increase less than the market. However, during the bear market, the loss of holding Korfez Gayrimenkul is expected to be smaller as well. Please check Korfez Gayrimenkul's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Korfez Gayrimenkul's current price movements will revert.
Auto-correlation | 0.21 |
Weak predictability
Korfez Gayrimenkul Yatirim has weak predictability. Overlapping area represents the amount of predictability between Korfez Gayrimenkul time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 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 Korfez Gayrimenkul price movement. The serial correlation of 0.21 indicates that over 21.0% of current Korfez Gayrimenkul price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Korfez Gayrimenkul lagged returns against current returns
Autocorrelation, which is Korfez Gayrimenkul 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 Korfez Gayrimenkul's stock expected returns. We can calculate the autocorrelation of Korfez Gayrimenkul returns to help us make a trade decision. For example, suppose you find that Korfez Gayrimenkul 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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Korfez Gayrimenkul 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 Korfez Gayrimenkul stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Korfez Gayrimenkul stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Korfez Gayrimenkul stock over time.
Current vs Lagged Prices |
| Timeline |
Korfez Gayrimenkul Lagged Returns
When evaluating Korfez Gayrimenkul's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Korfez Gayrimenkul stock have on its future price. Korfez Gayrimenkul 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, Korfez Gayrimenkul autocorrelation shows the relationship between Korfez Gayrimenkul stock current value and its past values and can show if there is a momentum factor associated with investing in Korfez Gayrimenkul Yatirim.
Regressed Prices |
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Other Information on Investing in Korfez Stock
Korfez Gayrimenkul financial ratios help investors to determine whether Korfez 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 Korfez with respect to the benefits of owning Korfez Gayrimenkul security.