Aneka Gas (Indonesia) Market Value
| AGII Stock | IDR 1,635 30.00 1.80% |
| Symbol | Aneka |
Aneka Gas '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 Aneka Gas' 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 Aneka Gas.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aneka Gas on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aneka Gas Industri or generate 0.0% return on investment in Aneka Gas over 30 days. Aneka Gas is related to or competes with Surya Esa, Elang Mahkota, Merdeka Copper, Saratoga Investama, and Adi Sarana. More
Aneka Gas 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 Aneka Gas' 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 Aneka Gas Industri upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.45 |
Aneka Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aneka Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aneka Gas' standard deviation. In reality, there are many statistical measures that can use Aneka Gas historical prices to predict the future Aneka Gas' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.273 |
Aneka Gas Industri Backtested Returns
Aneka Gas Industri secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Aneka Gas Industri exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aneka Gas' risk adjusted performance of (0), and Mean Deviation of 0.7456 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0869, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aneka Gas are expected to decrease at a much lower rate. During the bear market, Aneka Gas is likely to outperform the market. At this point, Aneka Gas Industri has a negative expected return of -0.18%. Please make sure to confirm Aneka Gas' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Aneka Gas Industri performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Aneka Gas Industri has modest predictability. Overlapping area represents the amount of predictability between Aneka Gas time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Aneka Gas Industri price movement. The serial correlation of 0.55 indicates that about 55.0% of current Aneka Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 333.47 |
Aneka Gas Industri lagged returns against current returns
Autocorrelation, which is Aneka Gas 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 Aneka Gas' stock expected returns. We can calculate the autocorrelation of Aneka Gas returns to help us make a trade decision. For example, suppose you find that Aneka Gas 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 |
Aneka Gas 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 Aneka Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aneka Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aneka Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Aneka Gas Lagged Returns
When evaluating Aneka Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aneka Gas stock have on its future price. Aneka Gas 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, Aneka Gas autocorrelation shows the relationship between Aneka Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Aneka Gas Industri.
Regressed Prices |
| Timeline |
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Aneka Gas financial ratios help investors to determine whether Aneka 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 Aneka with respect to the benefits of owning Aneka Gas security.