Radana Bhaskara (Indonesia) Market Value
| HDFA Stock | IDR 143.00 1.00 0.70% |
| Symbol | Radana |
Radana Bhaskara '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 Radana Bhaskara'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 Radana Bhaskara.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Radana Bhaskara on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Radana Bhaskara Finance or generate 0.0% return on investment in Radana Bhaskara over 30 days. Radana Bhaskara is related to or competes with Equity Development, Buana Finance, Batavia Prosperindo, Clipan Finance, and Tifa Finance. More
Radana Bhaskara 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 Radana Bhaskara'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 Radana Bhaskara Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.0969 | |||
| Maximum Drawdown | 54.05 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 11.89 |
Radana Bhaskara Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radana Bhaskara's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radana Bhaskara's standard deviation. In reality, there are many statistical measures that can use Radana Bhaskara historical prices to predict the future Radana Bhaskara's volatility.| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | 0.9663 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.1829 | |||
| Treynor Ratio | (2.21) |
Radana Bhaskara Finance Backtested Returns
Radana Bhaskara Finance maintains Sharpe Ratio (i.e., Efficiency) of -0.0182, which implies the firm had a -0.0182% return per unit of risk over the last 3 months. Radana Bhaskara Finance exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Radana Bhaskara's Risk Adjusted Performance of 0.0956, coefficient of variation of 886.56, and Semi Deviation of 3.35 to confirm the risk estimate we provide. The company holds a Beta of -0.41, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Radana Bhaskara are expected to decrease at a much lower rate. During the bear market, Radana Bhaskara is likely to outperform the market. At this point, Radana Bhaskara Finance has a negative expected return of -0.1%. Please make sure to check Radana Bhaskara's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Radana Bhaskara Finance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Radana Bhaskara Finance has good predictability. Overlapping area represents the amount of predictability between Radana Bhaskara 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 Radana Bhaskara Finance price movement. The serial correlation of 0.67 indicates that around 67.0% of current Radana Bhaskara price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Radana Bhaskara Finance lagged returns against current returns
Autocorrelation, which is Radana Bhaskara 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 Radana Bhaskara's stock expected returns. We can calculate the autocorrelation of Radana Bhaskara returns to help us make a trade decision. For example, suppose you find that Radana Bhaskara 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 |
Radana Bhaskara 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 Radana Bhaskara stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radana Bhaskara stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radana Bhaskara stock over time.
Current vs Lagged Prices |
| Timeline |
Radana Bhaskara Lagged Returns
When evaluating Radana Bhaskara's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radana Bhaskara stock have on its future price. Radana Bhaskara 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, Radana Bhaskara autocorrelation shows the relationship between Radana Bhaskara stock current value and its past values and can show if there is a momentum factor associated with investing in Radana Bhaskara Finance.
Regressed Prices |
| Timeline |
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Radana Bhaskara financial ratios help investors to determine whether Radana 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 Radana with respect to the benefits of owning Radana Bhaskara security.