Asuransi Harta (Indonesia) Market Value
| AHAP Stock | IDR 94.00 2.00 2.08% |
| Symbol | Asuransi |
Asuransi Harta '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 Harta'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 Harta.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Asuransi Harta on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Asuransi Harta Aman or generate 0.0% return on investment in Asuransi Harta over 360 days. Asuransi Harta is related to or competes with Asuransi Bintang, Asuransi Bina, Asuransi Dayin, Asuransi Jasa, and Asuransi Ramayana. More
Asuransi Harta 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 Harta'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 Harta Aman upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 25.64 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.39 |
Asuransi Harta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Harta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Harta's standard deviation. In reality, there are many statistical measures that can use Asuransi Harta historical prices to predict the future Asuransi Harta's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.97) |
Asuransi Harta Aman Backtested Returns
Asuransi Harta Aman secures Sharpe Ratio (or Efficiency) of -0.0963, which signifies that the company had a -0.0963% return per unit of risk over the last 3 months. Asuransi Harta Aman exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Harta's Standard Deviation of 3.04, risk adjusted performance of (0.06), and Mean Deviation of 1.88 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asuransi Harta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asuransi Harta is expected to be smaller as well. At this point, Asuransi Harta Aman has a negative expected return of -0.29%. Please make sure to confirm Asuransi Harta's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Asuransi Harta Aman performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Asuransi Harta Aman has good predictability. Overlapping area represents the amount of predictability between Asuransi Harta time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Harta Aman price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Asuransi Harta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 103.13 |
Asuransi Harta Aman lagged returns against current returns
Autocorrelation, which is Asuransi Harta 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 Harta's stock expected returns. We can calculate the autocorrelation of Asuransi Harta returns to help us make a trade decision. For example, suppose you find that Asuransi Harta 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 Harta 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 Harta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Harta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Harta stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Harta Lagged Returns
When evaluating Asuransi Harta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Harta stock have on its future price. Asuransi Harta 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 Harta autocorrelation shows the relationship between Asuransi Harta stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Harta Aman.
Regressed Prices |
| Timeline |
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Asuransi Harta 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 Harta security.