Ekadharma International (Indonesia) Market Value
| EKAD Stock | IDR 224.00 2.00 0.90% |
| Symbol | Ekadharma |
Ekadharma International '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 Ekadharma International'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 Ekadharma International.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Ekadharma International on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Ekadharma International Tbk or generate 0.0% return on investment in Ekadharma International over 690 days. Ekadharma International is related to or competes with Rukun Raharja, and Weha Transportasi. PT Ekadharma International Tbk, together with its subsidiaries, manufactures and markets self-adhesive tapes in Indonesi... More
Ekadharma International 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 Ekadharma International'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 Ekadharma International Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 0.9009 |
Ekadharma International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekadharma International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekadharma International's standard deviation. In reality, there are many statistical measures that can use Ekadharma International historical prices to predict the future Ekadharma International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.2247 |
Ekadharma International Backtested Returns
Ekadharma International secures Sharpe Ratio (or Efficiency) of -0.0401, which denotes the company had a -0.0401% return per unit of standard deviation over the last 3 months. Ekadharma International Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ekadharma International's Coefficient Of Variation of (10,096), mean deviation of 0.6536, and Standard Deviation of 0.93 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0855, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ekadharma International are expected to decrease at a much lower rate. During the bear market, Ekadharma International is likely to outperform the market. At this point, Ekadharma International has a negative expected return of -0.0376%. Please make sure to confirm Ekadharma International's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ekadharma International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Ekadharma International Tbk has poor predictability. Overlapping area represents the amount of predictability between Ekadharma International time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Ekadharma International price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Ekadharma International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 74.48 |
Ekadharma International lagged returns against current returns
Autocorrelation, which is Ekadharma International 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 Ekadharma International's stock expected returns. We can calculate the autocorrelation of Ekadharma International returns to help us make a trade decision. For example, suppose you find that Ekadharma International 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 |
Ekadharma International 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 Ekadharma International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekadharma International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekadharma International stock over time.
Current vs Lagged Prices |
| Timeline |
Ekadharma International Lagged Returns
When evaluating Ekadharma International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekadharma International stock have on its future price. Ekadharma International 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, Ekadharma International autocorrelation shows the relationship between Ekadharma International stock current value and its past values and can show if there is a momentum factor associated with investing in Ekadharma International Tbk.
Regressed Prices |
| Timeline |
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Ekadharma International financial ratios help investors to determine whether Ekadharma 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 Ekadharma with respect to the benefits of owning Ekadharma International security.