PT Era (Indonesia) Market Value
| AWAN Stock | 314.00 14.00 4.27% |
| Symbol | AWAN |
PT Era '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 Era'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 PT Era.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in PT Era on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding PT Era Digital or generate 0.0% return on investment in PT Era over 720 days.
PT Era 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 Era'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 PT Era Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0176 | |||
| Maximum Drawdown | 22.06 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 8.33 |
PT Era Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Era's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Era's standard deviation. In reality, there are many statistical measures that can use PT Era historical prices to predict the future PT Era's volatility.| Risk Adjusted Performance | 0.0495 | |||
| Jensen Alpha | 0.2085 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0183 | |||
| Treynor Ratio | (1.62) |
PT Era Digital Backtested Returns
As of now, AWAN Stock is very steady. PT Era Digital retains Efficiency (Sharpe Ratio) of 0.0318, which implies the firm had a 0.0318% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for PT Era, which you can use to evaluate the volatility of the company. Please check PT Era's standard deviation of 3.74, and Market Risk Adjusted Performance of (1.61) to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. PT Era has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PT Era are expected to decrease at a much lower rate. During the bear market, PT Era is likely to outperform the market. PT Era Digital at this moment owns a risk of 3.42%. Please check PT Era Digital market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if PT Era Digital will be following its current price history.
Auto-correlation | -0.37 |
Poor reverse predictability
PT Era Digital has poor reverse predictability. Overlapping area represents the amount of predictability between PT Era time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 PT Era Digital price movement. The serial correlation of -0.37 indicates that just about 37.0% of current PT Era price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1005.58 |
PT Era Digital lagged returns against current returns
Autocorrelation, which is PT Era 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 PT Era's stock expected returns. We can calculate the autocorrelation of PT Era returns to help us make a trade decision. For example, suppose you find that PT Era 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 |
PT Era 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 Era stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Era stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Era stock over time.
Current vs Lagged Prices |
| Timeline |
PT Era Lagged Returns
When evaluating PT Era's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Era stock have on its future price. PT Era 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 Era autocorrelation shows the relationship between PT Era stock current value and its past values and can show if there is a momentum factor associated with investing in PT Era Digital.
Regressed Prices |
| Timeline |
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