Rodrigo Tekstil (Turkey) Market Value
| RODRG Stock | TRY 16.38 0.08 0.49% |
| Symbol | Rodrigo |
Rodrigo Tekstil '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 Rodrigo Tekstil'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 Rodrigo Tekstil.
| 12/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in Rodrigo Tekstil on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rodrigo Tekstil Sanayi or generate 0.0% return on investment in Rodrigo Tekstil over 90 days. Rodrigo Tekstil is related to or competes with Politeknik Metal, Cuhadaroglu Metal, Datagate Bilgisayar, and Bms Birlesik. Rodrigo Tekstil Sanayi ve Ticaret A.S. offers apparel, footwear, and accessories for men in Turkey and internationally More
Rodrigo Tekstil 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 Rodrigo Tekstil'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 Rodrigo Tekstil Sanayi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.42 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.31 |
Rodrigo Tekstil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rodrigo Tekstil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rodrigo Tekstil's standard deviation. In reality, there are many statistical measures that can use Rodrigo Tekstil historical prices to predict the future Rodrigo Tekstil's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 1.19 |
Rodrigo Tekstil Sanayi Backtested Returns
Rodrigo Tekstil Sanayi maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13 % return per unit of risk over the last 3 months. Rodrigo Tekstil Sanayi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rodrigo Tekstil's Coefficient Of Variation of (687.28), variance of 6.56, and Risk Adjusted Performance of (0.10) to confirm the risk estimate we provide. The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Rodrigo Tekstil are expected to decrease at a much lower rate. During the bear market, Rodrigo Tekstil is likely to outperform the market. At this point, Rodrigo Tekstil Sanayi has a negative expected return of -0.34%. Please make sure to check Rodrigo Tekstil's skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Rodrigo Tekstil Sanayi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Rodrigo Tekstil Sanayi has good predictability. Overlapping area represents the amount of predictability between Rodrigo Tekstil time series from 1st of December 2024 to 15th of January 2025 and 15th of January 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rodrigo Tekstil Sanayi price movement. The serial correlation of 0.78 indicates that around 78.0% of current Rodrigo Tekstil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Rodrigo Tekstil Sanayi lagged returns against current returns
Autocorrelation, which is Rodrigo Tekstil 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 Rodrigo Tekstil's stock expected returns. We can calculate the autocorrelation of Rodrigo Tekstil returns to help us make a trade decision. For example, suppose you find that Rodrigo Tekstil 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 |
Rodrigo Tekstil 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 Rodrigo Tekstil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rodrigo Tekstil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rodrigo Tekstil stock over time.
Current vs Lagged Prices |
| Timeline |
Rodrigo Tekstil Lagged Returns
When evaluating Rodrigo Tekstil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rodrigo Tekstil stock have on its future price. Rodrigo Tekstil 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, Rodrigo Tekstil autocorrelation shows the relationship between Rodrigo Tekstil stock current value and its past values and can show if there is a momentum factor associated with investing in Rodrigo Tekstil Sanayi.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Rodrigo Stock
Rodrigo Tekstil financial ratios help investors to determine whether Rodrigo 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 Rodrigo with respect to the benefits of owning Rodrigo Tekstil security.