GoTo Gojek (Indonesia) Market Value
| GOTO Stock | 75.00 3.00 3.85% |
| Symbol | GoTo |
GoTo Gojek '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 GoTo Gojek'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 GoTo Gojek.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in GoTo Gojek on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding GoTo Gojek Tokopedia or generate 0.0% return on investment in GoTo Gojek over 30 days. GoTo Gojek is related to or competes with PT Bukalapak, Bank Artos, Elang Mahkota, Adaro Minerals, and Merdeka Copper. More
GoTo Gojek 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 GoTo Gojek'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 GoTo Gojek Tokopedia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.65 | |||
| Information Ratio | 0.1543 | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 7.14 |
GoTo Gojek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoTo Gojek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoTo Gojek's standard deviation. In reality, there are many statistical measures that can use GoTo Gojek historical prices to predict the future GoTo Gojek's volatility.| Risk Adjusted Performance | 0.1545 | |||
| Jensen Alpha | 0.6338 | |||
| Total Risk Alpha | 0.1096 | |||
| Sortino Ratio | 0.1496 | |||
| Treynor Ratio | 2.42 |
GoTo Gojek Tokopedia Backtested Returns
GoTo Gojek appears to be very steady, given 3 months investment horizon. GoTo Gojek Tokopedia holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of volatility over the last 3 months. By evaluating GoTo Gojek's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize GoTo Gojek's market risk adjusted performance of 2.43, and Risk Adjusted Performance of 0.1545 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GoTo Gojek holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GoTo Gojek's returns are expected to increase less than the market. However, during the bear market, the loss of holding GoTo Gojek is expected to be smaller as well. Please check GoTo Gojek's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether GoTo Gojek's current trending patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
GoTo Gojek Tokopedia has very good reverse predictability. Overlapping area represents the amount of predictability between GoTo Gojek time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 GoTo Gojek Tokopedia price movement. The serial correlation of -0.68 indicates that around 68.0% of current GoTo Gojek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 19.6 |
GoTo Gojek Tokopedia lagged returns against current returns
Autocorrelation, which is GoTo Gojek 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 GoTo Gojek's stock expected returns. We can calculate the autocorrelation of GoTo Gojek returns to help us make a trade decision. For example, suppose you find that GoTo Gojek 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 |
GoTo Gojek 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 GoTo Gojek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoTo Gojek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoTo Gojek stock over time.
Current vs Lagged Prices |
| Timeline |
GoTo Gojek Lagged Returns
When evaluating GoTo Gojek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoTo Gojek stock have on its future price. GoTo Gojek 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, GoTo Gojek autocorrelation shows the relationship between GoTo Gojek stock current value and its past values and can show if there is a momentum factor associated with investing in GoTo Gojek Tokopedia.
Regressed Prices |
| Timeline |
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GoTo Gojek financial ratios help investors to determine whether GoTo 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 GoTo with respect to the benefits of owning GoTo Gojek security.