Otokar Otomotiv (Turkey) Market Value
| OTKAR Stock | TRY 475.00 3.75 0.78% |
| Symbol | Otokar |
Otokar Otomotiv '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 Otokar Otomotiv'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 Otokar Otomotiv.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Otokar Otomotiv on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Otokar Otomotiv ve or generate 0.0% return on investment in Otokar Otomotiv over 30 days. Otokar Otomotiv is related to or competes with Ege Endustri, Turkiye Petrol, Turkiye Garanti, Turkish Airlines, and Ford Otomotiv. Otokar Otomotiv ve Savunma Sanayi A.S. operates in the automotive industry in Turkey More
Otokar Otomotiv 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 Otokar Otomotiv'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 Otokar Otomotiv ve upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.022 | |||
| Maximum Drawdown | 14.65 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.52 |
Otokar Otomotiv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Otokar Otomotiv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Otokar Otomotiv's standard deviation. In reality, there are many statistical measures that can use Otokar Otomotiv historical prices to predict the future Otokar Otomotiv's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.1248 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0289 | |||
| Treynor Ratio | 0.6238 |
Otokar Otomotiv ve Backtested Returns
Otokar Otomotiv is very steady at the moment. Otokar Otomotiv ve maintains Sharpe Ratio (i.e., Efficiency) of 0.0504, which implies the firm had a 0.0504% return per unit of risk over the last 3 months. We have found thirty technical indicators for Otokar Otomotiv ve, which you can use to evaluate the volatility of the company. Please check Otokar Otomotiv's Coefficient Of Variation of 1350.18, semi deviation of 1.5, and Risk Adjusted Performance of 0.0604 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Otokar Otomotiv has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Otokar Otomotiv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Otokar Otomotiv is expected to be smaller as well. Otokar Otomotiv ve right now holds a risk of 2.14%. Please check Otokar Otomotiv ve skewness, and the relationship between the value at risk and day median price , to decide if Otokar Otomotiv ve will be following its historical price patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Otokar Otomotiv ve has weak reverse predictability. Overlapping area represents the amount of predictability between Otokar Otomotiv time series from 13th of November 2024 to 28th of November 2024 and 28th of November 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 Otokar Otomotiv ve price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Otokar Otomotiv price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 34.09 |
Otokar Otomotiv ve lagged returns against current returns
Autocorrelation, which is Otokar Otomotiv 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 Otokar Otomotiv's stock expected returns. We can calculate the autocorrelation of Otokar Otomotiv returns to help us make a trade decision. For example, suppose you find that Otokar Otomotiv 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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Otokar Otomotiv 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 Otokar Otomotiv stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Otokar Otomotiv stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Otokar Otomotiv stock over time.
Current vs Lagged Prices |
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Otokar Otomotiv Lagged Returns
When evaluating Otokar Otomotiv's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Otokar Otomotiv stock have on its future price. Otokar Otomotiv 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, Otokar Otomotiv autocorrelation shows the relationship between Otokar Otomotiv stock current value and its past values and can show if there is a momentum factor associated with investing in Otokar Otomotiv ve.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Otokar Stock
Otokar Otomotiv financial ratios help investors to determine whether Otokar 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 Otokar with respect to the benefits of owning Otokar Otomotiv security.