Adi Sarana (Indonesia) Market Value
| ASSA Stock | IDR 710.00 5.00 0.70% |
| Symbol | Adi |
Adi Sarana '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 Adi Sarana'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 Adi Sarana.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Adi Sarana on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Adi Sarana Armada or generate 0.0% return on investment in Adi Sarana over 30 days. Adi Sarana is related to or competes with Surya Esa, Tower Bersama, Erajaya Swasembada, Bekasi Fajar, and Bank Artos. More
Adi Sarana 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 Adi Sarana'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 Adi Sarana Armada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.04 |
Adi Sarana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adi Sarana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adi Sarana's standard deviation. In reality, there are many statistical measures that can use Adi Sarana historical prices to predict the future Adi Sarana's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.1889 |
Adi Sarana Armada Backtested Returns
Adi Sarana Armada secures Sharpe Ratio (or Efficiency) of -0.0243, which signifies that the company had a -0.0243% return per unit of risk over the last 3 months. Adi Sarana Armada exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adi Sarana's Standard Deviation of 1.62, mean deviation of 1.16, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adi Sarana are expected to decrease at a much lower rate. During the bear market, Adi Sarana is likely to outperform the market. At this point, Adi Sarana Armada has a negative expected return of -0.0399%. Please make sure to confirm Adi Sarana's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Adi Sarana Armada performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Adi Sarana Armada has modest predictability. Overlapping area represents the amount of predictability between Adi Sarana time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Adi Sarana Armada price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Adi Sarana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 73.47 |
Adi Sarana Armada lagged returns against current returns
Autocorrelation, which is Adi Sarana 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 Adi Sarana's stock expected returns. We can calculate the autocorrelation of Adi Sarana returns to help us make a trade decision. For example, suppose you find that Adi Sarana 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 |
Adi Sarana 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 Adi Sarana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adi Sarana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adi Sarana stock over time.
Current vs Lagged Prices |
| Timeline |
Adi Sarana Lagged Returns
When evaluating Adi Sarana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adi Sarana stock have on its future price. Adi Sarana 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, Adi Sarana autocorrelation shows the relationship between Adi Sarana stock current value and its past values and can show if there is a momentum factor associated with investing in Adi Sarana Armada.
Regressed Prices |
| Timeline |
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Adi Sarana financial ratios help investors to determine whether Adi 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 Adi with respect to the benefits of owning Adi Sarana security.