Goodyear Indonesia (Indonesia) Market Value
| GDYR Stock | IDR 1,405 85.00 5.70% |
| Symbol | Goodyear |
Goodyear Indonesia '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 Goodyear Indonesia'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 Goodyear Indonesia.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Goodyear Indonesia on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Goodyear Indonesia Tbk or generate 0.0% return on investment in Goodyear Indonesia over 30 days. Goodyear Indonesia is related to or competes with Indo Kordsa, Indospring Tbk, Sepatu Bata, Astra Otoparts, and Ever Shine. PT Goodyear Indonesia Tbk manufactures, imports, exports, and distributes tires, inner tubes, flaps, and other rubber de... More
Goodyear Indonesia 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 Goodyear Indonesia'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 Goodyear Indonesia Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.92 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.33 |
Goodyear Indonesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodyear Indonesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodyear Indonesia's standard deviation. In reality, there are many statistical measures that can use Goodyear Indonesia historical prices to predict the future Goodyear Indonesia's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (8.64) |
Goodyear Indonesia Tbk Backtested Returns
Goodyear Indonesia Tbk holds Efficiency (Sharpe) Ratio of -0.0725, which attests that the entity had a -0.0725% return per unit of risk over the last 3 months. Goodyear Indonesia Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodyear Indonesia's Market Risk Adjusted Performance of (8.63), risk adjusted performance of (0.04), and Standard Deviation of 1.73 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0138, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Goodyear Indonesia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodyear Indonesia is expected to be smaller as well. At this point, Goodyear Indonesia Tbk has a negative expected return of -0.12%. Please make sure to check out Goodyear Indonesia's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Goodyear Indonesia Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Goodyear Indonesia Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Goodyear Indonesia time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Goodyear Indonesia Tbk price movement. The serial correlation of -0.17 indicates that over 17.0% of current Goodyear Indonesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1579.69 |
Goodyear Indonesia Tbk lagged returns against current returns
Autocorrelation, which is Goodyear Indonesia 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 Goodyear Indonesia's stock expected returns. We can calculate the autocorrelation of Goodyear Indonesia returns to help us make a trade decision. For example, suppose you find that Goodyear Indonesia 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 |
Goodyear Indonesia 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 Goodyear Indonesia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodyear Indonesia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodyear Indonesia stock over time.
Current vs Lagged Prices |
| Timeline |
Goodyear Indonesia Lagged Returns
When evaluating Goodyear Indonesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodyear Indonesia stock have on its future price. Goodyear Indonesia 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, Goodyear Indonesia autocorrelation shows the relationship between Goodyear Indonesia stock current value and its past values and can show if there is a momentum factor associated with investing in Goodyear Indonesia Tbk.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Goodyear Stock
Goodyear Indonesia financial ratios help investors to determine whether Goodyear 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 Goodyear with respect to the benefits of owning Goodyear Indonesia security.