Metemtur Yatrm (Turkey) Market Value
| METUR Stock | TRY 16.00 0.24 1.52% |
| Symbol | Metemtur |
Metemtur Yatrm '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 Metemtur Yatrm'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 Metemtur Yatrm.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Metemtur Yatrm on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Metemtur Yatrm Enerji or generate 0.0% return on investment in Metemtur Yatrm over 390 days. Metemtur Yatrm is related to or competes with Ford Otomotiv, Tofas Turk, Hektas Ticaret, Eregli Demir, and Aksa Akrilik. Metemtur Yatirim Enerji Turizm ve Insaat Anonim Sirketi operates a holiday village in Bodrum Gmbet, Turkey More
Metemtur Yatrm 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 Metemtur Yatrm'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 Metemtur Yatrm Enerji upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 13.43 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.06 |
Metemtur Yatrm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metemtur Yatrm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metemtur Yatrm's standard deviation. In reality, there are many statistical measures that can use Metemtur Yatrm historical prices to predict the future Metemtur Yatrm's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0337 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | 0.8896 |
Metemtur Yatrm Enerji Backtested Returns
Metemtur Yatrm is not too volatile at the moment. Metemtur Yatrm Enerji has Sharpe Ratio of 0.0164, which conveys that the firm had a 0.0164% return per unit of risk over the last 3 months. We have found thirty technical indicators for Metemtur Yatrm, which you can use to evaluate the volatility of the firm. Please verify Metemtur Yatrm's Risk Adjusted Performance of 0.0204, downside deviation of 2.97, and Mean Deviation of 2.02 to check out if the risk estimate we provide is consistent with the expected return of 0.0418%. Metemtur Yatrm has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0388, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metemtur Yatrm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metemtur Yatrm is expected to be smaller as well. Metemtur Yatrm Enerji right now secures a risk of 2.55%. Please verify Metemtur Yatrm Enerji downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Metemtur Yatrm Enerji will be following its current price movements.
Auto-correlation | 0.26 |
Poor predictability
Metemtur Yatrm Enerji has poor predictability. Overlapping area represents the amount of predictability between Metemtur Yatrm 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 Metemtur Yatrm Enerji price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Metemtur Yatrm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Metemtur Yatrm Enerji lagged returns against current returns
Autocorrelation, which is Metemtur Yatrm 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 Metemtur Yatrm's stock expected returns. We can calculate the autocorrelation of Metemtur Yatrm returns to help us make a trade decision. For example, suppose you find that Metemtur Yatrm 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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Metemtur Yatrm 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 Metemtur Yatrm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metemtur Yatrm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metemtur Yatrm stock over time.
Current vs Lagged Prices |
| Timeline |
Metemtur Yatrm Lagged Returns
When evaluating Metemtur Yatrm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metemtur Yatrm stock have on its future price. Metemtur Yatrm 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, Metemtur Yatrm autocorrelation shows the relationship between Metemtur Yatrm stock current value and its past values and can show if there is a momentum factor associated with investing in Metemtur Yatrm Enerji.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Metemtur Stock
Metemtur Yatrm financial ratios help investors to determine whether Metemtur 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 Metemtur with respect to the benefits of owning Metemtur Yatrm security.