Mercan Kimya's market value is the price at which a share of Mercan Kimya trades on a public exchange. It measures the collective expectations of Mercan Kimya Sanayi investors about its performance. Mercan Kimya is trading at 12.10 as of the 22nd of December 2024. This is a 2.5 percent down since the beginning of the trading day. The stock's open price was 12.41. With this module, you can estimate the performance of a buy and hold strategy of Mercan Kimya Sanayi and determine expected loss or profit from investing in Mercan Kimya over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Mercan
Mercan Kimya '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 Mercan Kimya'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 Mercan Kimya.
0.00
11/28/2023
No Change 0.00
0.0
In 1 year and 25 days
12/22/2024
0.00
If you would invest 0.00 in Mercan Kimya on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Mercan Kimya Sanayi or generate 0.0% return on investment in Mercan Kimya over 390 days.
Mercan Kimya 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 Mercan Kimya'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 Mercan Kimya Sanayi upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mercan Kimya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mercan Kimya's standard deviation. In reality, there are many statistical measures that can use Mercan Kimya historical prices to predict the future Mercan Kimya's volatility.
Mercan Kimya Sanayi has Sharpe Ratio of -0.037, which conveys that the firm had a -0.037% return per unit of risk over the last 3 months. Mercan Kimya exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mercan Kimya's Risk Adjusted Performance of (0.04), mean deviation of 1.71, and Standard Deviation of 2.45 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mercan Kimya are expected to decrease at a much lower rate. During the bear market, Mercan Kimya is likely to outperform the market. At this point, Mercan Kimya Sanayi has a negative expected return of -0.0884%. Please make sure to verify Mercan Kimya's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Mercan Kimya Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation
0.36
Below average predictability
Mercan Kimya Sanayi has below average predictability. Overlapping area represents the amount of predictability between Mercan Kimya time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 Mercan Kimya Sanayi price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Mercan Kimya price fluctuation can be explain by its past prices.
Correlation Coefficient
0.36
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
0.96
Mercan Kimya Sanayi lagged returns against current returns
Autocorrelation, which is Mercan Kimya 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 Mercan Kimya's stock expected returns. We can calculate the autocorrelation of Mercan Kimya returns to help us make a trade decision. For example, suppose you find that Mercan Kimya 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
Mercan Kimya 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 Mercan Kimya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mercan Kimya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mercan Kimya stock over time.
Current vs Lagged Prices
Timeline
Mercan Kimya Lagged Returns
When evaluating Mercan Kimya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mercan Kimya stock have on its future price. Mercan Kimya 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, Mercan Kimya autocorrelation shows the relationship between Mercan Kimya stock current value and its past values and can show if there is a momentum factor associated with investing in Mercan Kimya Sanayi.
Regressed Prices
Timeline
Thematic Opportunities
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