Zedur Enerji (Turkey) Market Value
| ZEDUR Stock | 7.88 0.03 0.38% |
| Symbol | Zedur |
Zedur Enerji '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 Zedur Enerji'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 Zedur Enerji.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Zedur Enerji on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Zedur Enerji Elektrik or generate 0.0% return on investment in Zedur Enerji over 30 days. Zedur Enerji is related to or competes with Politeknik Metal, Gentas Genel, Turkish Airlines, Akcansa Cimento, and Koza Anadolu. More
Zedur Enerji 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 Zedur Enerji'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 Zedur Enerji Elektrik upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.33 |
Zedur Enerji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zedur Enerji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zedur Enerji's standard deviation. In reality, there are many statistical measures that can use Zedur Enerji historical prices to predict the future Zedur Enerji's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.17) |
Zedur Enerji Elektrik Backtested Returns
Zedur Enerji Elektrik shows Sharpe Ratio of -0.0383, which attests that the company had a -0.0383% return per unit of risk over the last 3 months. Zedur Enerji Elektrik exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zedur Enerji's Market Risk Adjusted Performance of (1.16), standard deviation of 2.22, and Mean Deviation of 1.69 to validate the risk estimate we provide. The firm maintains a market beta of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zedur Enerji's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zedur Enerji is expected to be smaller as well. At this point, Zedur Enerji Elektrik has a negative expected return of -0.0862%. Please make sure to check out Zedur Enerji's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Zedur Enerji Elektrik performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Zedur Enerji Elektrik has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zedur Enerji time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Zedur Enerji Elektrik price movement. The serial correlation of -0.73 indicates that around 73.0% of current Zedur Enerji price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Zedur Enerji Elektrik lagged returns against current returns
Autocorrelation, which is Zedur Enerji 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 Zedur Enerji's stock expected returns. We can calculate the autocorrelation of Zedur Enerji returns to help us make a trade decision. For example, suppose you find that Zedur Enerji 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 |
Zedur Enerji 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 Zedur Enerji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zedur Enerji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zedur Enerji stock over time.
Current vs Lagged Prices |
| Timeline |
Zedur Enerji Lagged Returns
When evaluating Zedur Enerji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zedur Enerji stock have on its future price. Zedur Enerji 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, Zedur Enerji autocorrelation shows the relationship between Zedur Enerji stock current value and its past values and can show if there is a momentum factor associated with investing in Zedur Enerji Elektrik.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Zedur Stock
Zedur Enerji financial ratios help investors to determine whether Zedur 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 Zedur with respect to the benefits of owning Zedur Enerji security.