Alakasa Industrindo (Indonesia) Market Value
| ALKA Stock | IDR 378.00 2.00 0.53% |
| Symbol | Alakasa |
Alakasa Industrindo '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 Alakasa Industrindo'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 Alakasa Industrindo.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Alakasa Industrindo on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Alakasa Industrindo Tbk or generate 0.0% return on investment in Alakasa Industrindo over 720 days. Alakasa Industrindo is related to or competes with Argha Karya, Alumindo Light, Asiaplast Industries, Akbar Indomakmur, and Betonjaya Manunggal. More
Alakasa Industrindo 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 Alakasa Industrindo'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 Alakasa Industrindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.0487 | |||
| Maximum Drawdown | 40.8 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 2.63 |
Alakasa Industrindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alakasa Industrindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alakasa Industrindo's standard deviation. In reality, there are many statistical measures that can use Alakasa Industrindo historical prices to predict the future Alakasa Industrindo's volatility.| Risk Adjusted Performance | 0.0627 | |||
| Jensen Alpha | 0.3076 | |||
| Total Risk Alpha | (0.53) | |||
| Sortino Ratio | 0.0753 | |||
| Treynor Ratio | 0.4817 |
Alakasa Industrindo Tbk Backtested Returns
Alakasa Industrindo appears to be very steady, given 3 months investment horizon. Alakasa Industrindo Tbk secures Sharpe Ratio (or Efficiency) of 0.0791, which signifies that the company had a 0.0791% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Alakasa Industrindo Tbk, which you can use to evaluate the volatility of the firm. Please makes use of Alakasa Industrindo's mean deviation of 2.76, and Risk Adjusted Performance of 0.0627 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alakasa Industrindo holds a performance score of 6. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. Alakasa Industrindo returns are very sensitive to returns on the market. As the market goes up or down, Alakasa Industrindo is expected to follow. Please check Alakasa Industrindo's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Alakasa Industrindo's price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Alakasa Industrindo Tbk has modest reverse predictability. Overlapping area represents the amount of predictability between Alakasa Industrindo time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Alakasa Industrindo Tbk price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Alakasa Industrindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 3597.49 |
Alakasa Industrindo Tbk lagged returns against current returns
Autocorrelation, which is Alakasa Industrindo 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 Alakasa Industrindo's stock expected returns. We can calculate the autocorrelation of Alakasa Industrindo returns to help us make a trade decision. For example, suppose you find that Alakasa Industrindo 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 |
Alakasa Industrindo 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 Alakasa Industrindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alakasa Industrindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alakasa Industrindo stock over time.
Current vs Lagged Prices |
| Timeline |
Alakasa Industrindo Lagged Returns
When evaluating Alakasa Industrindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alakasa Industrindo stock have on its future price. Alakasa Industrindo 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, Alakasa Industrindo autocorrelation shows the relationship between Alakasa Industrindo stock current value and its past values and can show if there is a momentum factor associated with investing in Alakasa Industrindo Tbk.
Regressed Prices |
| Timeline |
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Alakasa Industrindo financial ratios help investors to determine whether Alakasa 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 Alakasa with respect to the benefits of owning Alakasa Industrindo security.