PT Gajah (Germany) Market Value
| GH8 Stock | EUR 0.05 0 3.67% |
| Symbol | GH8 |
PT Gajah '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 PT Gajah'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 PT Gajah.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in PT Gajah on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding PT Gajah Tunggal or generate 0.0% return on investment in PT Gajah over 660 days. PT Gajah is related to or competes with SCANSOURCE (SC3SG), AUTO TRADER, GungHo Online, FAST RETAIL, Darden Restaurants, National Retail, and SALESFORCE INC. Gajah Tunggal Tbk produces and distributes tires for passenger cars, SUVs, commercial vehicles, off-the-road vehicles, i... More
PT Gajah 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 PT Gajah'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 PT Gajah Tunggal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.39 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 68.86 | |||
| Value At Risk | (13.67) | |||
| Potential Upside | 13.16 |
PT Gajah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Gajah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Gajah's standard deviation. In reality, there are many statistical measures that can use PT Gajah historical prices to predict the future PT Gajah's volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (1.48) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1117 |
PT Gajah Tunggal Backtested Returns
PT Gajah Tunggal retains Efficiency (Sharpe Ratio) of -0.002, which implies the firm had a -0.002% return per unit of price deviation over the last 3 months. PT Gajah exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Gajah's standard deviation of 9.39, and Market Risk Adjusted Performance of 0.1217 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PT Gajah's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Gajah is expected to be smaller as well. At this point, PT Gajah Tunggal has a negative expected return of -0.0189%. Please make sure to check PT Gajah's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if PT Gajah Tunggal performance from the past will be repeated at some future date.
Auto-correlation | -0.1 |
Very weak reverse predictability
PT Gajah Tunggal has very weak reverse predictability. Overlapping area represents the amount of predictability between PT Gajah time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 PT Gajah Tunggal price movement. The serial correlation of -0.1 indicates that less than 10.0% of current PT Gajah price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Gajah Tunggal lagged returns against current returns
Autocorrelation, which is PT Gajah 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 PT Gajah's stock expected returns. We can calculate the autocorrelation of PT Gajah returns to help us make a trade decision. For example, suppose you find that PT Gajah 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 |
PT Gajah 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 PT Gajah stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Gajah stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Gajah stock over time.
Current vs Lagged Prices |
| Timeline |
PT Gajah Lagged Returns
When evaluating PT Gajah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Gajah stock have on its future price. PT Gajah 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, PT Gajah autocorrelation shows the relationship between PT Gajah stock current value and its past values and can show if there is a momentum factor associated with investing in PT Gajah Tunggal.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GH8 Stock
PT Gajah financial ratios help investors to determine whether GH8 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 GH8 with respect to the benefits of owning PT Gajah security.