Asuransi Multi (Indonesia) Market Value
| AMAG Stock | IDR 338.00 2.00 0.59% |
| Symbol | Asuransi |
Asuransi Multi '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 Multi'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 Multi.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Asuransi Multi on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Multi Artha or generate 0.0% return on investment in Asuransi Multi over 180 days. Asuransi Multi is related to or competes with Paninvest Tbk, Maskapai Reasuransi, Panin Sekuritas, Wahana Ottomitra, and Lenox Pasifik. More
Asuransi Multi 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 Multi'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 Multi Artha upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 10.71 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.16 |
Asuransi Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Multi's standard deviation. In reality, there are many statistical measures that can use Asuransi Multi historical prices to predict the future Asuransi Multi's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.4568 |
Asuransi Multi Artha Backtested Returns
Asuransi Multi Artha secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Asuransi Multi Artha exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Multi's Risk Adjusted Performance of (0.08), standard deviation of 1.43, and Mean Deviation of 0.8354 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asuransi Multi are expected to decrease at a much lower rate. During the bear market, Asuransi Multi is likely to outperform the market. At this point, Asuransi Multi Artha has a negative expected return of -0.21%. Please make sure to confirm Asuransi Multi's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Asuransi Multi Artha performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Asuransi Multi Artha has poor reverse predictability. Overlapping area represents the amount of predictability between Asuransi Multi time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Multi Artha price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Asuransi Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 157.11 |
Asuransi Multi Artha lagged returns against current returns
Autocorrelation, which is Asuransi Multi 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 Multi's stock expected returns. We can calculate the autocorrelation of Asuransi Multi returns to help us make a trade decision. For example, suppose you find that Asuransi Multi 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 Multi 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 Multi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Multi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Multi stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Multi Lagged Returns
When evaluating Asuransi Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Multi stock have on its future price. Asuransi Multi 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 Multi autocorrelation shows the relationship between Asuransi Multi stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Multi Artha.
Regressed Prices |
| Timeline |
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Asuransi Multi 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 Multi security.