Equity Development (Indonesia) Market Value
| GSMF Stock | IDR 53.00 2.00 3.64% |
| Symbol | Equity |
Equity Development '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 Equity Development'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 Equity Development.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Equity Development on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Development Investment or generate 0.0% return on investment in Equity Development over 30 days. Equity Development is related to or competes with Paninvest Tbk, Maskapai Reasuransi, Panin Sekuritas, Wahana Ottomitra, and Lenox Pasifik. More
Equity Development 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 Equity Development'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 Equity Development Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | (0.0006) | |||
| Maximum Drawdown | 24.23 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 3.85 |
Equity Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Development's standard deviation. In reality, there are many statistical measures that can use Equity Development historical prices to predict the future Equity Development's volatility.| Risk Adjusted Performance | 0.0328 | |||
| Jensen Alpha | 0.1188 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | (0.46) |
Equity Development Backtested Returns
As of now, Equity Stock is very steady. Equity Development secures Sharpe Ratio (or Efficiency) of 0.0431, which denotes the company had a 0.0431% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Equity Development Investment, which you can use to evaluate the volatility of the firm. Please confirm Equity Development's Downside Deviation of 2.81, coefficient of variation of 3036.75, and Mean Deviation of 1.76 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Equity Development has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Equity Development are expected to decrease at a much lower rate. During the bear market, Equity Development is likely to outperform the market. Equity Development right now shows a risk of 3.34%. Please confirm Equity Development maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Equity Development will be following its price patterns.
Auto-correlation | -0.66 |
Very good reverse predictability
Equity Development Investment has very good reverse predictability. Overlapping area represents the amount of predictability between Equity Development time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Equity Development price movement. The serial correlation of -0.66 indicates that around 66.0% of current Equity Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.74 |
Equity Development lagged returns against current returns
Autocorrelation, which is Equity Development 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 Equity Development's stock expected returns. We can calculate the autocorrelation of Equity Development returns to help us make a trade decision. For example, suppose you find that Equity Development 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 |
Equity Development 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 Equity Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equity Development stock over time.
Current vs Lagged Prices |
| Timeline |
Equity Development Lagged Returns
When evaluating Equity Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Development stock have on its future price. Equity Development 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, Equity Development autocorrelation shows the relationship between Equity Development stock current value and its past values and can show if there is a momentum factor associated with investing in Equity Development Investment.
Regressed Prices |
| Timeline |
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Equity Development financial ratios help investors to determine whether Equity 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 Equity with respect to the benefits of owning Equity Development security.