Petkim Petrokimya (Turkey) Market Value
| PETKM Stock | TRY 18.79 0.20 1.05% |
| Symbol | Petkim |
Petkim Petrokimya '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 Petkim Petrokimya'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 Petkim Petrokimya.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Petkim Petrokimya on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Petkim Petrokimya Holding or generate 0.0% return on investment in Petkim Petrokimya over 720 days. Petkim Petrokimya is related to or competes with Turkiye Petrol, Aselsan Elektronik, Eregli Demir, Turkish Airlines, and Turkiye Sise. Petkim Petrokimya Holding Anonim Sirketi operates as a petrochemical company in Turkey More
Petkim Petrokimya 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 Petkim Petrokimya'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 Petkim Petrokimya Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 2.8 |
Petkim Petrokimya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Petkim Petrokimya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Petkim Petrokimya's standard deviation. In reality, there are many statistical measures that can use Petkim Petrokimya historical prices to predict the future Petkim Petrokimya's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.61) |
Petkim Petrokimya Holding Backtested Returns
Petkim Petrokimya Holding maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Petkim Petrokimya Holding exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Petkim Petrokimya's Variance of 4.6, risk adjusted performance of (0.09), and Coefficient Of Variation of (748.02) to confirm the risk estimate we provide. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Petkim Petrokimya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Petkim Petrokimya is expected to be smaller as well. At this point, Petkim Petrokimya Holding has a negative expected return of -0.31%. Please make sure to check Petkim Petrokimya's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Petkim Petrokimya Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Petkim Petrokimya Holding has poor reverse predictability. Overlapping area represents the amount of predictability between Petkim Petrokimya time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Petkim Petrokimya Holding price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Petkim Petrokimya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 4.68 |
Petkim Petrokimya Holding lagged returns against current returns
Autocorrelation, which is Petkim Petrokimya 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 Petkim Petrokimya's stock expected returns. We can calculate the autocorrelation of Petkim Petrokimya returns to help us make a trade decision. For example, suppose you find that Petkim Petrokimya 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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Petkim Petrokimya 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 Petkim Petrokimya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Petkim Petrokimya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Petkim Petrokimya stock over time.
Current vs Lagged Prices |
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Petkim Petrokimya Lagged Returns
When evaluating Petkim Petrokimya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Petkim Petrokimya stock have on its future price. Petkim Petrokimya 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, Petkim Petrokimya autocorrelation shows the relationship between Petkim Petrokimya stock current value and its past values and can show if there is a momentum factor associated with investing in Petkim Petrokimya Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Petkim Stock
Petkim Petrokimya financial ratios help investors to determine whether Petkim 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 Petkim with respect to the benefits of owning Petkim Petrokimya security.