Estika Tata (Indonesia) Market Value
| BEEF Stock | 123.00 1.00 0.81% |
| Symbol | Estika |
Estika Tata '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 Estika Tata'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 Estika Tata.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Estika Tata on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Estika Tata Tiara or generate 0.0% return on investment in Estika Tata over 60 days. Estika Tata is related to or competes with Sentra Food, Buyung Poetra, Garudafood Putra, Campina Ice, and Wijaya Karya. More
Estika Tata 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 Estika Tata'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 Estika Tata Tiara upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 54.48 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.85 |
Estika Tata Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Estika Tata's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Estika Tata's standard deviation. In reality, there are many statistical measures that can use Estika Tata historical prices to predict the future Estika Tata's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 0.8984 |
Estika Tata Tiara Backtested Returns
Estika Tata Tiara secures Sharpe Ratio (or Efficiency) of -0.0303, which denotes the company had a -0.0303% return per unit of risk over the last 3 months. Estika Tata Tiara exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Estika Tata's Standard Deviation of 5.56, variance of 30.97, and Mean Deviation of 2.52 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Estika Tata are expected to decrease at a much lower rate. During the bear market, Estika Tata is likely to outperform the market. At this point, Estika Tata Tiara has a negative expected return of -0.17%. Please make sure to confirm Estika Tata's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Estika Tata Tiara performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Estika Tata Tiara has poor reverse predictability. Overlapping area represents the amount of predictability between Estika Tata time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Estika Tata Tiara price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Estika Tata price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 56.13 |
Estika Tata Tiara lagged returns against current returns
Autocorrelation, which is Estika Tata 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 Estika Tata's stock expected returns. We can calculate the autocorrelation of Estika Tata returns to help us make a trade decision. For example, suppose you find that Estika Tata 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 |
Estika Tata 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 Estika Tata stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Estika Tata stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Estika Tata stock over time.
Current vs Lagged Prices |
| Timeline |
Estika Tata Lagged Returns
When evaluating Estika Tata's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Estika Tata stock have on its future price. Estika Tata 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, Estika Tata autocorrelation shows the relationship between Estika Tata stock current value and its past values and can show if there is a momentum factor associated with investing in Estika Tata Tiara.
Regressed Prices |
| Timeline |
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Estika Tata financial ratios help investors to determine whether Estika 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 Estika with respect to the benefits of owning Estika Tata security.