INDO TAMBANGRAYA (Germany) Market Value
| 3IB Stock | EUR 1.68 0.00 0.00% |
| Symbol | INDO |
INDO TAMBANGRAYA '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 INDO TAMBANGRAYA'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 INDO TAMBANGRAYA.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in INDO TAMBANGRAYA on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding INDO TAMBANGRAYA MG or generate 0.0% return on investment in INDO TAMBANGRAYA over 60 days. INDO TAMBANGRAYA is related to or competes with Sqs Software, NAKED WINES, Pembina Pipeline, Alfa Financial, ITALIAN WINE, CPU SOFTWAREHOUSE, and ATOSS SOFTWARE. More
INDO TAMBANGRAYA 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 INDO TAMBANGRAYA'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 INDO TAMBANGRAYA MG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 1.3 |
INDO TAMBANGRAYA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INDO TAMBANGRAYA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INDO TAMBANGRAYA's standard deviation. In reality, there are many statistical measures that can use INDO TAMBANGRAYA historical prices to predict the future INDO TAMBANGRAYA's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.0593 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.7317 |
INDO TAMBANGRAYA Backtested Returns
Currently, INDO TAMBANGRAYA MG is moderately volatile. INDO TAMBANGRAYA holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for INDO TAMBANGRAYA, which you can use to evaluate the volatility of the firm. Please check out INDO TAMBANGRAYA's Semi Deviation of 0.5927, market risk adjusted performance of 0.7417, and Risk Adjusted Performance of 0.053 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. INDO TAMBANGRAYA has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0981, which attests to not very significant fluctuations relative to the market. As returns on the market increase, INDO TAMBANGRAYA's returns are expected to increase less than the market. However, during the bear market, the loss of holding INDO TAMBANGRAYA is expected to be smaller as well. INDO TAMBANGRAYA now retains a risk of 1.19%. Please check out INDO TAMBANGRAYA jensen alpha, maximum drawdown, and the relationship between the variance and sortino ratio , to decide if INDO TAMBANGRAYA will be following its current trending patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
INDO TAMBANGRAYA MG has modest reverse predictability. Overlapping area represents the amount of predictability between INDO TAMBANGRAYA time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 INDO TAMBANGRAYA price movement. The serial correlation of -0.46 indicates that about 46.0% of current INDO TAMBANGRAYA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
INDO TAMBANGRAYA lagged returns against current returns
Autocorrelation, which is INDO TAMBANGRAYA 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 INDO TAMBANGRAYA's stock expected returns. We can calculate the autocorrelation of INDO TAMBANGRAYA returns to help us make a trade decision. For example, suppose you find that INDO TAMBANGRAYA 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 |
INDO TAMBANGRAYA 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 INDO TAMBANGRAYA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INDO TAMBANGRAYA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INDO TAMBANGRAYA stock over time.
Current vs Lagged Prices |
| Timeline |
INDO TAMBANGRAYA Lagged Returns
When evaluating INDO TAMBANGRAYA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INDO TAMBANGRAYA stock have on its future price. INDO TAMBANGRAYA 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, INDO TAMBANGRAYA autocorrelation shows the relationship between INDO TAMBANGRAYA stock current value and its past values and can show if there is a momentum factor associated with investing in INDO TAMBANGRAYA MG.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for INDO Stock Analysis
When running INDO TAMBANGRAYA's price analysis, check to measure INDO TAMBANGRAYA'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 INDO TAMBANGRAYA is operating at the current time. Most of INDO TAMBANGRAYA's value examination focuses on studying past and present price action to predict the probability of INDO TAMBANGRAYA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move INDO TAMBANGRAYA's price. Additionally, you may evaluate how the addition of INDO TAMBANGRAYA to your portfolios can decrease your overall portfolio volatility.