Primarindo Asia (Indonesia) Market Value
| BIMA Stock | IDR 97.00 1.00 1.02% |
| Symbol | Primarindo |
Primarindo Asia '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 Primarindo Asia'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 Primarindo Asia.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Primarindo Asia on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Primarindo Asia Infrastructure or generate 0.0% return on investment in Primarindo Asia over 720 days. Primarindo Asia is related to or competes with Sepatu Bata, Ever Shine, Argo Pantes, Indo Kordsa, and Eratex Djaja. PT Primarindo Asia Infrastructure Tbk. engages in the production, marketing, and export of sportscasual shoes under the ... More
Primarindo Asia 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 Primarindo Asia'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 Primarindo Asia Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0557 | |||
| Maximum Drawdown | 27.42 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 7.06 |
Primarindo Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primarindo Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primarindo Asia's standard deviation. In reality, there are many statistical measures that can use Primarindo Asia historical prices to predict the future Primarindo Asia's volatility.| Risk Adjusted Performance | 0.0773 | |||
| Jensen Alpha | 0.354 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0703 | |||
| Treynor Ratio | (1.72) |
Primarindo Asia Infr Backtested Returns
Primarindo Asia appears to be very steady, given 3 months investment horizon. Primarindo Asia Infr maintains Sharpe Ratio (i.e., Efficiency) of 0.0812, which implies the firm had a 0.0812% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Primarindo Asia Infr, which you can use to evaluate the volatility of the company. Please evaluate Primarindo Asia's Semi Deviation of 2.57, risk adjusted performance of 0.0773, and Coefficient Of Variation of 1105.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Primarindo Asia holds a performance score of 6. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Primarindo Asia are expected to decrease at a much lower rate. During the bear market, Primarindo Asia is likely to outperform the market. Please check Primarindo Asia's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Primarindo Asia's historical price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Primarindo Asia Infrastructure has modest predictability. Overlapping area represents the amount of predictability between Primarindo Asia time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Primarindo Asia Infr price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Primarindo Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 136.16 |
Primarindo Asia Infr lagged returns against current returns
Autocorrelation, which is Primarindo Asia 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 Primarindo Asia's stock expected returns. We can calculate the autocorrelation of Primarindo Asia returns to help us make a trade decision. For example, suppose you find that Primarindo Asia 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 |
Primarindo Asia 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 Primarindo Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primarindo Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primarindo Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Primarindo Asia Lagged Returns
When evaluating Primarindo Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primarindo Asia stock have on its future price. Primarindo Asia 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, Primarindo Asia autocorrelation shows the relationship between Primarindo Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Primarindo Asia Infrastructure.
Regressed Prices |
| Timeline |
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Primarindo Asia financial ratios help investors to determine whether Primarindo 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 Primarindo with respect to the benefits of owning Primarindo Asia security.