Asuransi Bintang (Indonesia) Market Value
| ASBI Stock | IDR 585.00 30.00 5.41% |
| Symbol | Asuransi |
Asuransi Bintang '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 Bintang'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 Bintang.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Asuransi Bintang on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Asuransi Bintang Tbk or generate 0.0% return on investment in Asuransi Bintang over 360 days. Asuransi Bintang is related to or competes with Paninvest Tbk, Maskapai Reasuransi, Panin Sekuritas, Wahana Ottomitra, and Lenox Pasifik. PT Asuransi Bintang Tbk engages in general insurance business in Indonesia More
Asuransi Bintang 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 Bintang'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 Bintang Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 21.92 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 2.36 |
Asuransi Bintang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Bintang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Bintang's standard deviation. In reality, there are many statistical measures that can use Asuransi Bintang historical prices to predict the future Asuransi Bintang's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | 0.5352 |
Asuransi Bintang Tbk Backtested Returns
Asuransi Bintang Tbk secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Asuransi Bintang Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Bintang's Standard Deviation of 3.59, mean deviation of 1.8, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.11, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Asuransi Bintang are expected to decrease slowly. On the other hand, during market turmoil, Asuransi Bintang is expected to outperform it slightly. At this point, Asuransi Bintang Tbk has a negative expected return of -0.59%. Please make sure to confirm Asuransi Bintang's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Asuransi Bintang Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Asuransi Bintang Tbk has average predictability. Overlapping area represents the amount of predictability between Asuransi Bintang 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 Bintang Tbk price movement. The serial correlation of 0.49 indicates that about 49.0% of current Asuransi Bintang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1518.5 |
Asuransi Bintang Tbk lagged returns against current returns
Autocorrelation, which is Asuransi Bintang 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 Bintang's stock expected returns. We can calculate the autocorrelation of Asuransi Bintang returns to help us make a trade decision. For example, suppose you find that Asuransi Bintang 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 Bintang 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 Bintang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Bintang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Bintang stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Bintang Lagged Returns
When evaluating Asuransi Bintang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Bintang stock have on its future price. Asuransi Bintang 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 Bintang autocorrelation shows the relationship between Asuransi Bintang stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Bintang Tbk.
Regressed Prices |
| Timeline |
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Asuransi Bintang 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 Bintang security.