During the third trading week of October, the BIST100 index continued to decline, causing concern among investors. Some stocks have experienced significant drops from their historical peaks. So, which stocks are the farthest from their highs, and what should investors do in this situation?
#Peak-Trough Analysis
Fluctuations in the stock market over the past year have led to a loss in value for some stocks. According to the peak-trough analysis, the stock furthest from its peak is Peker Real Estate Investment Trust (PEKGY) at 89.25%. It is followed by Birikim Asset Management (BRKVY) at 82.60% and Mega Polyethylene Foam Industry (MEGAP) at 80.23%. Stocks of companies like Polytechnic Metal (POLTK), Saray Matbaacılık (SAMAT), and Beşiktaş Football Investments (BJKAS) have also significantly retreated from their peaks.
#Stocks Farthest from Their Peaks
Experts indicate that these declines may be due to overall market sentiment, sector developments, and company-specific factors. It is crucial for investors to review their portfolios and develop strategies that align with their risk tolerance. Conducting detailed analyses and seeking expert opinions before investing in stocks that are far from their peaks can be beneficial.
In conclusion, the declining trend in the BIST100 index has caused sharp declines in some stocks. Investors should be cautious during this period and make investment decisions by closely monitoring the market. While stocks far from their peaks may seem attractive, it is important to consider the associated risks.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
