Asuransi Ramayana (Indonesia) Market Value
| ASRM Stock | IDR 338.00 6.00 1.74% |
| Symbol | Asuransi |
Asuransi Ramayana '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 Ramayana'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 Ramayana.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in Asuransi Ramayana on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Ramayana Tbk or generate 0.0% return on investment in Asuransi Ramayana over 240 days. Asuransi Ramayana is related to or competes with Paninvest Tbk, Maskapai Reasuransi, Panin Sekuritas, and Wahana Ottomitra. PT Asuransi Ramayana Tbk, together with its subsidiaries, operates as a general insurance company in Indonesia More
Asuransi Ramayana 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 Ramayana'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 Ramayana Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.62 |
Asuransi Ramayana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Ramayana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Ramayana's standard deviation. In reality, there are many statistical measures that can use Asuransi Ramayana historical prices to predict the future Asuransi Ramayana's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.63) |
Asuransi Ramayana Tbk Backtested Returns
Asuransi Ramayana Tbk secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Asuransi Ramayana Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Ramayana's Risk Adjusted Performance of (0.07), mean deviation of 0.8484, and Standard Deviation of 1.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asuransi Ramayana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asuransi Ramayana is expected to be smaller as well. At this point, Asuransi Ramayana Tbk has a negative expected return of -0.16%. Please make sure to confirm Asuransi Ramayana's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Asuransi Ramayana Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Asuransi Ramayana Tbk has modest predictability. Overlapping area represents the amount of predictability between Asuransi Ramayana time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th of December 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 Ramayana Tbk price movement. The serial correlation of 0.52 indicates that about 52.0% of current Asuransi Ramayana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 72.85 |
Asuransi Ramayana Tbk lagged returns against current returns
Autocorrelation, which is Asuransi Ramayana 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 Ramayana's stock expected returns. We can calculate the autocorrelation of Asuransi Ramayana returns to help us make a trade decision. For example, suppose you find that Asuransi Ramayana 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 Ramayana 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 Ramayana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Ramayana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Ramayana stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Ramayana Lagged Returns
When evaluating Asuransi Ramayana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Ramayana stock have on its future price. Asuransi Ramayana 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 Ramayana autocorrelation shows the relationship between Asuransi Ramayana stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Ramayana Tbk.
Regressed Prices |
| Timeline |
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Asuransi Ramayana 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 Ramayana security.