Asuransi Bina (Indonesia) Market Value
| ABDA Stock | IDR 4,060 0.00 0.00% |
| Symbol | Asuransi |
Asuransi Bina '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 Asuransi Bina'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 Asuransi Bina.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Asuransi Bina on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Bina Dana or generate 0.0% return on investment in Asuransi Bina over 30 days. Asuransi Bina is related to or competes with Paninvest Tbk, Maskapai Reasuransi, Panin Sekuritas, Wahana Ottomitra, and Lenox Pasifik. More
Asuransi Bina 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 Asuransi Bina'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 Asuransi Bina Dana upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 10.0 |
Asuransi Bina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Bina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Bina's standard deviation. In reality, there are many statistical measures that can use Asuransi Bina historical prices to predict the future Asuransi Bina's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 1.02 |
Asuransi Bina Dana Backtested Returns
Asuransi Bina Dana secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Asuransi Bina Dana exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Bina's Standard Deviation of 1.23, risk adjusted performance of (0.09), and Mean Deviation of 0.2986 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asuransi Bina are expected to decrease at a much lower rate. During the bear market, Asuransi Bina is likely to outperform the market. At this point, Asuransi Bina Dana has a negative expected return of -0.15%. Please make sure to confirm Asuransi Bina's maximum drawdown, kurtosis, day median price, as well as the relationship between the skewness and rate of daily change , to decide if Asuransi Bina Dana performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Asuransi Bina Dana has no correlation between past and present. Overlapping area represents the amount of predictability between Asuransi Bina time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Asuransi Bina Dana price movement. The serial correlation of 0.0 indicates that just 0.0% of current Asuransi Bina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asuransi Bina Dana lagged returns against current returns
Autocorrelation, which is Asuransi Bina 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 Asuransi Bina's stock expected returns. We can calculate the autocorrelation of Asuransi Bina returns to help us make a trade decision. For example, suppose you find that Asuransi Bina 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 |
Asuransi Bina 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 Asuransi Bina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Bina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Bina stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Bina Lagged Returns
When evaluating Asuransi Bina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Bina stock have on its future price. Asuransi Bina 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, Asuransi Bina autocorrelation shows the relationship between Asuransi Bina stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Bina Dana.
Regressed Prices |
| Timeline |
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Asuransi Bina financial ratios help investors to determine whether Asuransi 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 Asuransi with respect to the benefits of owning Asuransi Bina security.