PT Astra's market value is the price at which a share of PT Astra trades on a public exchange. It measures the collective expectations of PT Astra International investors about its performance. PT Astra is trading at 5.0E-4 as of the 26th of November 2024. This is a 16.67 percent decrease since the beginning of the trading day. The stock's open price was 6.0E-4. With this module, you can estimate the performance of a buy and hold strategy of PT Astra International and determine expected loss or profit from investing in PT Astra over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol
ASII
PT Astra '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 PT Astra's pink sheet 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 PT Astra.
0.00
05/30/2024
No Change 0.00
0.0
In 5 months and 30 days
11/26/2024
0.00
If you would invest 0.00 in PT Astra on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding PT Astra International or generate 0.0% return on investment in PT Astra over 180 days.
PT Astra 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 PT Astra's pink sheet 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 PT Astra International upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Astra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Astra's standard deviation. In reality, there are many statistical measures that can use PT Astra historical prices to predict the future PT Astra's volatility.
PT Astra appears to be out of control, given 3 months investment horizon. PT Astra International retains Efficiency (Sharpe Ratio) of 0.0243, which implies the firm had a 0.0243% return per unit of price deviation over the last 3 months. By inspecting PT Astra's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate PT Astra's market risk adjusted performance of 0.2642, and Standard Deviation of 21.79 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PT Astra holds a performance score of 1. The company owns a Beta (Systematic Risk) of 3.3, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PT Astra will likely underperform. Please check PT Astra's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether PT Astra's current price history will revert.
Auto-correlation
-0.08
Very weak reverse predictability
PT Astra International has very weak reverse predictability. Overlapping area represents the amount of predictability between PT Astra time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 PT Astra International price movement. The serial correlation of -0.08 indicates that barely 8.0% of current PT Astra price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.08
Spearman Rank Test
-0.27
Residual Average
0.0
Price Variance
0.0
PT Astra International lagged returns against current returns
Autocorrelation, which is PT Astra pink sheet'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 PT Astra's pink sheet expected returns. We can calculate the autocorrelation of PT Astra returns to help us make a trade decision. For example, suppose you find that PT Astra has exhibited high autocorrelation historically, and you observe that the pink sheet 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
PT Astra 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 PT Astra pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Astra pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Astra pink sheet over time.
Current vs Lagged Prices
Timeline
PT Astra Lagged Returns
When evaluating PT Astra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Astra pink sheet have on its future price. PT Astra 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, PT Astra autocorrelation shows the relationship between PT Astra pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PT Astra International.