Acset Indonusa (Indonesia) Market Value
| ACST Stock | IDR 103.00 1.00 0.98% |
| Symbol | Acset |
Acset Indonusa '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 Acset Indonusa'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 Acset Indonusa.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Acset Indonusa on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Acset Indonusa Tbk or generate 0.0% return on investment in Acset Indonusa over 30 days. Acset Indonusa is related to or competes with Rukun Raharja, and Weha Transportasi. More
Acset Indonusa 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 Acset Indonusa'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 Acset Indonusa Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.51 |
Acset Indonusa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Acset Indonusa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Acset Indonusa's standard deviation. In reality, there are many statistical measures that can use Acset Indonusa historical prices to predict the future Acset Indonusa's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.877 |
Acset Indonusa Tbk Backtested Returns
Acset Indonusa Tbk secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Acset Indonusa Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Acset Indonusa's Standard Deviation of 1.97, risk adjusted performance of (0.07), and Mean Deviation of 1.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Acset Indonusa are expected to decrease at a much lower rate. During the bear market, Acset Indonusa is likely to outperform the market. At this point, Acset Indonusa Tbk has a negative expected return of -0.31%. Please make sure to confirm Acset Indonusa's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Acset Indonusa Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Acset Indonusa Tbk has modest reverse predictability. Overlapping area represents the amount of predictability between Acset Indonusa time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Acset Indonusa Tbk price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Acset Indonusa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.87 |
Acset Indonusa Tbk lagged returns against current returns
Autocorrelation, which is Acset Indonusa 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 Acset Indonusa's stock expected returns. We can calculate the autocorrelation of Acset Indonusa returns to help us make a trade decision. For example, suppose you find that Acset Indonusa 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 |
Acset Indonusa 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 Acset Indonusa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Acset Indonusa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Acset Indonusa stock over time.
Current vs Lagged Prices |
| Timeline |
Acset Indonusa Lagged Returns
When evaluating Acset Indonusa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Acset Indonusa stock have on its future price. Acset Indonusa 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, Acset Indonusa autocorrelation shows the relationship between Acset Indonusa stock current value and its past values and can show if there is a momentum factor associated with investing in Acset Indonusa Tbk.
Regressed Prices |
| Timeline |
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Acset Indonusa financial ratios help investors to determine whether Acset 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 Acset with respect to the benefits of owning Acset Indonusa security.