Ozerden Plastik (Turkey) Market Value
| OZRDN Stock | TRY 8.74 0.07 0.79% |
| Symbol | Ozerden |
Ozerden Plastik '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 Ozerden Plastik'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 Ozerden Plastik.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Ozerden Plastik on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Ozerden Plastik Sanayi or generate 0.0% return on investment in Ozerden Plastik over 30 days. Ozerden Plastik is related to or competes with Ayes Celik, Trend Gayrimenkul, Ege Endustri, Alarko Carrier, and Trabzon Liman. zerden Plastik Sanayi ve Ticaret A.S. produces and sells packaging solutions in Turkey. More
Ozerden Plastik 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 Ozerden Plastik'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 Ozerden Plastik Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 3.18 |
Ozerden Plastik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ozerden Plastik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ozerden Plastik's standard deviation. In reality, there are many statistical measures that can use Ozerden Plastik historical prices to predict the future Ozerden Plastik's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.9087 |
Ozerden Plastik Sanayi Backtested Returns
Ozerden Plastik Sanayi maintains Sharpe Ratio (i.e., Efficiency) of -0.0375, which implies the firm had a -0.0375% return per unit of risk over the last 3 months. Ozerden Plastik Sanayi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ozerden Plastik's Risk Adjusted Performance of (0.02), variance of 6.97, and Coefficient Of Variation of (2,835) to confirm the risk estimate we provide. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ozerden Plastik are expected to decrease at a much lower rate. During the bear market, Ozerden Plastik is likely to outperform the market. At this point, Ozerden Plastik Sanayi has a negative expected return of -0.0995%. Please make sure to check Ozerden Plastik's maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Ozerden Plastik Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Ozerden Plastik Sanayi has excellent reverse predictability. Overlapping area represents the amount of predictability between Ozerden Plastik time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Ozerden Plastik Sanayi price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Ozerden Plastik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Ozerden Plastik Sanayi lagged returns against current returns
Autocorrelation, which is Ozerden Plastik 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 Ozerden Plastik's stock expected returns. We can calculate the autocorrelation of Ozerden Plastik returns to help us make a trade decision. For example, suppose you find that Ozerden Plastik 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 |
Ozerden Plastik 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 Ozerden Plastik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ozerden Plastik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ozerden Plastik stock over time.
Current vs Lagged Prices |
| Timeline |
Ozerden Plastik Lagged Returns
When evaluating Ozerden Plastik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ozerden Plastik stock have on its future price. Ozerden Plastik 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, Ozerden Plastik autocorrelation shows the relationship between Ozerden Plastik stock current value and its past values and can show if there is a momentum factor associated with investing in Ozerden Plastik Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Ozerden Stock
Ozerden Plastik financial ratios help investors to determine whether Ozerden 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 Ozerden with respect to the benefits of owning Ozerden Plastik security.