Indo Kordsa (Indonesia) Market Value
| BRAM Stock | IDR 5,850 25.00 0.43% |
| Symbol | Indo |
Indo Kordsa '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 Indo Kordsa'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 Indo Kordsa.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Indo Kordsa on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Indo Kordsa Tbk or generate 0.0% return on investment in Indo Kordsa over 720 days. Indo Kordsa is related to or competes with Goodyear Indonesia, Sepatu Bata, Indospring Tbk, Ever Shine, and Indorama Synthetics. PT Indo Kordsa Tbk manufactures, markets, and sells tire cord fabrics and yarn filaments in Indonesia, Thailand, Korea, ... More
Indo Kordsa 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 Indo Kordsa'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 Indo Kordsa Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.25 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.72 |
Indo Kordsa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Kordsa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Kordsa's standard deviation. In reality, there are many statistical measures that can use Indo Kordsa historical prices to predict the future Indo Kordsa's volatility.| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | 0.1016 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.22) |
Indo Kordsa Tbk Backtested Returns
As of now, Indo Stock is very steady. Indo Kordsa Tbk holds Efficiency (Sharpe) Ratio of 0.0269, which attests that the entity had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Indo Kordsa Tbk, which you can use to evaluate the volatility of the firm. Please check out Indo Kordsa's Risk Adjusted Performance of 0.0334, downside deviation of 1.98, and Market Risk Adjusted Performance of (0.21) to validate if the risk estimate we provide is consistent with the expected return of 0.059%. Indo Kordsa has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Indo Kordsa are expected to decrease at a much lower rate. During the bear market, Indo Kordsa is likely to outperform the market. Indo Kordsa Tbk right now retains a risk of 2.19%. Please check out Indo Kordsa mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Indo Kordsa will be following its current trending patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Indo Kordsa Tbk has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Indo Kordsa time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Indo Kordsa Tbk price movement. The serial correlation of -0.76 indicates that around 76.0% of current Indo Kordsa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 43 K |
Indo Kordsa Tbk lagged returns against current returns
Autocorrelation, which is Indo Kordsa 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 Indo Kordsa's stock expected returns. We can calculate the autocorrelation of Indo Kordsa returns to help us make a trade decision. For example, suppose you find that Indo Kordsa 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 |
Indo Kordsa 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 Indo Kordsa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Kordsa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Kordsa stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Kordsa Lagged Returns
When evaluating Indo Kordsa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Kordsa stock have on its future price. Indo Kordsa 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, Indo Kordsa autocorrelation shows the relationship between Indo Kordsa stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Kordsa Tbk.
Regressed Prices |
| Timeline |
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Indo Kordsa financial ratios help investors to determine whether Indo 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 Indo with respect to the benefits of owning Indo Kordsa security.