FKS Food (Indonesia) Market Value
| AISA Stock | IDR 120.00 1.00 0.83% |
| Symbol | FKS |
FKS Food '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 FKS Food'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 FKS Food.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in FKS Food on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding FKS Food Sejahtera or generate 0.0% return on investment in FKS Food over 30 days. FKS Food is related to or competes with Kalbe Farma, and Akr Corporindo. PT FKS Food Sejahtera Tbk, through its subsidiaries, engages in manufacturing, wholesale, and retail trade of food in In... More
FKS Food 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 FKS Food'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 FKS Food Sejahtera upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.57 |
FKS Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FKS Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FKS Food's standard deviation. In reality, there are many statistical measures that can use FKS Food historical prices to predict the future FKS Food's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 2.27 |
FKS Food Sejahtera Backtested Returns
FKS Food Sejahtera secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of volatility over the last 3 months. FKS Food Sejahtera exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FKS Food's Standard Deviation of 1.25, market risk adjusted performance of 2.28, and Mean Deviation of 0.8384 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0333, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FKS Food are expected to decrease at a much lower rate. During the bear market, FKS Food is likely to outperform the market. At this point, FKS Food Sejahtera has a negative expected return of -0.13%. Please make sure to confirm FKS Food's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if FKS Food Sejahtera performance from the past will be repeated at future time.
Auto-correlation | 0.86 |
Very good predictability
FKS Food Sejahtera has very good predictability. Overlapping area represents the amount of predictability between FKS Food 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 FKS Food Sejahtera price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current FKS Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2.41 |
FKS Food Sejahtera lagged returns against current returns
Autocorrelation, which is FKS Food 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 FKS Food's stock expected returns. We can calculate the autocorrelation of FKS Food returns to help us make a trade decision. For example, suppose you find that FKS Food 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 |
FKS Food 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 FKS Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FKS Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FKS Food stock over time.
Current vs Lagged Prices |
| Timeline |
FKS Food Lagged Returns
When evaluating FKS Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FKS Food stock have on its future price. FKS Food 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, FKS Food autocorrelation shows the relationship between FKS Food stock current value and its past values and can show if there is a momentum factor associated with investing in FKS Food Sejahtera.
Regressed Prices |
| Timeline |
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FKS Food financial ratios help investors to determine whether FKS 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 FKS with respect to the benefits of owning FKS Food security.