ODAS Elektrik (Turkey) Market Value
| ODAS Stock | TRY 10.00 0.02 0.20% |
| Symbol | ODAS |
ODAS Elektrik '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 ODAS Elektrik'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 ODAS Elektrik.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in ODAS Elektrik on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding ODAS Elektrik Uretim or generate 0.0% return on investment in ODAS Elektrik over 30 days. ODAS Elektrik is related to or competes with Aksa Akrilik, Turkiye Sise, Hektas Ticaret, SASA Polyester, and Alarko Holding. Odas Elektrik retim Sanayi Ticaret A.S., together with its subsidiaries, produces and sells electricity by natural gas c... More
ODAS Elektrik 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 ODAS Elektrik'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 ODAS Elektrik Uretim upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.0188 | |||
| Maximum Drawdown | 12.04 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 5.19 |
ODAS Elektrik Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ODAS Elektrik's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ODAS Elektrik's standard deviation. In reality, there are many statistical measures that can use ODAS Elektrik historical prices to predict the future ODAS Elektrik's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.1332 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ODAS Elektrik's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ODAS Elektrik Uretim Backtested Returns
We consider ODAS Elektrik somewhat reliable. ODAS Elektrik Uretim retains Efficiency (Sharpe Ratio) of 0.04, which implies the firm had a 0.04% return per unit of risk over the last 3 months. We have found thirty technical indicators for ODAS Elektrik, which you can use to evaluate the volatility of the company. Please check ODAS Elektrik's semi deviation of 2.6, and Market Risk Adjusted Performance of (0.75) to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. ODAS Elektrik has a performance score of 3 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.16, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ODAS Elektrik are expected to decrease at a much lower rate. During the bear market, ODAS Elektrik is likely to outperform the market. ODAS Elektrik Uretim at this time owns a risk of 2.9%. Please check ODAS Elektrik Uretim downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if ODAS Elektrik Uretim will be following its current price history.
Auto-correlation | -0.06 |
Very weak reverse predictability
ODAS Elektrik Uretim has very weak reverse predictability. Overlapping area represents the amount of predictability between ODAS Elektrik time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 ODAS Elektrik Uretim price movement. The serial correlation of -0.06 indicates that barely 6.0% of current ODAS Elektrik price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
ODAS Elektrik Uretim lagged returns against current returns
Autocorrelation, which is ODAS Elektrik 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 ODAS Elektrik's stock expected returns. We can calculate the autocorrelation of ODAS Elektrik returns to help us make a trade decision. For example, suppose you find that ODAS Elektrik 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 |
ODAS Elektrik 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 ODAS Elektrik stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ODAS Elektrik stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ODAS Elektrik stock over time.
Current vs Lagged Prices |
| Timeline |
ODAS Elektrik Lagged Returns
When evaluating ODAS Elektrik's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ODAS Elektrik stock have on its future price. ODAS Elektrik 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, ODAS Elektrik autocorrelation shows the relationship between ODAS Elektrik stock current value and its past values and can show if there is a momentum factor associated with investing in ODAS Elektrik Uretim.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ODAS Elektrik in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ODAS Elektrik's short interest history, or implied volatility extrapolated from ODAS Elektrik options trading.
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Complementary Tools for ODAS Stock analysis
When running ODAS Elektrik's price analysis, check to measure ODAS Elektrik's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ODAS Elektrik is operating at the current time. Most of ODAS Elektrik's value examination focuses on studying past and present price action to predict the probability of ODAS Elektrik's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ODAS Elektrik's price. Additionally, you may evaluate how the addition of ODAS Elektrik to your portfolios can decrease your overall portfolio volatility.
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ODAS Elektrik technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.