Cahayaputra Asa (Indonesia) Market Value
| CAKK Stock | IDR 151.00 3.00 1.95% |
| Symbol | Cahayaputra |
Cahayaputra Asa '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 Cahayaputra Asa'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 Cahayaputra Asa.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Cahayaputra Asa on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Cahayaputra Asa Keramik or generate 0.0% return on investment in Cahayaputra Asa over 360 days. Cahayaputra Asa is related to or competes with PT Indonesia, Wijaya Karya, Buyung Poetra, J Resources, and Steel Pipe. PT Cahayaputra Asa Keramik Tbk designs, manufactures, and sells tiles in Indonesia More
Cahayaputra Asa 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 Cahayaputra Asa'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 Cahayaputra Asa Keramik upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0222 | |||
| Maximum Drawdown | 33.05 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 3.31 |
Cahayaputra Asa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cahayaputra Asa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cahayaputra Asa's standard deviation. In reality, there are many statistical measures that can use Cahayaputra Asa historical prices to predict the future Cahayaputra Asa's volatility.| Risk Adjusted Performance | 0.0446 | |||
| Jensen Alpha | 0.1286 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0267 | |||
| Treynor Ratio | 0.3848 |
Cahayaputra Asa Keramik Backtested Returns
As of now, Cahayaputra Stock is very steady. Cahayaputra Asa Keramik secures Sharpe Ratio (or Efficiency) of 0.0347, which signifies that the company had a 0.0347% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cahayaputra Asa Keramik, which you can use to evaluate the volatility of the firm. Please confirm Cahayaputra Asa's Downside Deviation of 2.99, mean deviation of 1.75, and Risk Adjusted Performance of 0.0446 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Cahayaputra Asa has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cahayaputra Asa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cahayaputra Asa is expected to be smaller as well. Cahayaputra Asa Keramik right now shows a risk of 3.68%. Please confirm Cahayaputra Asa Keramik coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Cahayaputra Asa Keramik will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Cahayaputra Asa Keramik has virtually no predictability. Overlapping area represents the amount of predictability between Cahayaputra Asa time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Cahayaputra Asa Keramik price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Cahayaputra Asa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 137.52 |
Cahayaputra Asa Keramik lagged returns against current returns
Autocorrelation, which is Cahayaputra Asa 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 Cahayaputra Asa's stock expected returns. We can calculate the autocorrelation of Cahayaputra Asa returns to help us make a trade decision. For example, suppose you find that Cahayaputra Asa 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 |
Cahayaputra Asa 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 Cahayaputra Asa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cahayaputra Asa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cahayaputra Asa stock over time.
Current vs Lagged Prices |
| Timeline |
Cahayaputra Asa Lagged Returns
When evaluating Cahayaputra Asa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cahayaputra Asa stock have on its future price. Cahayaputra Asa 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, Cahayaputra Asa autocorrelation shows the relationship between Cahayaputra Asa stock current value and its past values and can show if there is a momentum factor associated with investing in Cahayaputra Asa Keramik.
Regressed Prices |
| Timeline |
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Cahayaputra Asa financial ratios help investors to determine whether Cahayaputra 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 Cahayaputra with respect to the benefits of owning Cahayaputra Asa security.