Hexindo Adiperkasa (Indonesia) Market Value
| HEXA Stock | IDR 4,830 30.00 0.63% |
| Symbol | Hexindo |
Hexindo Adiperkasa '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 Hexindo Adiperkasa'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 Hexindo Adiperkasa.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Hexindo Adiperkasa on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Hexindo Adiperkasa Tbk or generate 0.0% return on investment in Hexindo Adiperkasa over 720 days. Hexindo Adiperkasa is related to or competes with Samudera Indonesia, Steady Safe, Rukun Raharja, PT Temas, and Weha Transportasi. More
Hexindo Adiperkasa 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 Hexindo Adiperkasa'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 Hexindo Adiperkasa Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 13.13 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.13 |
Hexindo Adiperkasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hexindo Adiperkasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hexindo Adiperkasa's standard deviation. In reality, there are many statistical measures that can use Hexindo Adiperkasa historical prices to predict the future Hexindo Adiperkasa's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 2.73 |
Hexindo Adiperkasa Tbk Backtested Returns
Hexindo Adiperkasa Tbk holds Efficiency (Sharpe) Ratio of -0.26, which attests that the entity had a -0.26% return per unit of risk over the last 3 months. Hexindo Adiperkasa Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hexindo Adiperkasa's Market Risk Adjusted Performance of 2.74, standard deviation of 1.61, and Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hexindo Adiperkasa are expected to decrease at a much lower rate. During the bear market, Hexindo Adiperkasa is likely to outperform the market. At this point, Hexindo Adiperkasa Tbk has a negative expected return of -0.42%. Please make sure to check out Hexindo Adiperkasa's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Hexindo Adiperkasa Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Hexindo Adiperkasa Tbk has below average predictability. Overlapping area represents the amount of predictability between Hexindo Adiperkasa time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Hexindo Adiperkasa Tbk price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Hexindo Adiperkasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 205.9 K |
Hexindo Adiperkasa Tbk lagged returns against current returns
Autocorrelation, which is Hexindo Adiperkasa 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 Hexindo Adiperkasa's stock expected returns. We can calculate the autocorrelation of Hexindo Adiperkasa returns to help us make a trade decision. For example, suppose you find that Hexindo Adiperkasa 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 |
Hexindo Adiperkasa 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 Hexindo Adiperkasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hexindo Adiperkasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hexindo Adiperkasa stock over time.
Current vs Lagged Prices |
| Timeline |
Hexindo Adiperkasa Lagged Returns
When evaluating Hexindo Adiperkasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hexindo Adiperkasa stock have on its future price. Hexindo Adiperkasa 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, Hexindo Adiperkasa autocorrelation shows the relationship between Hexindo Adiperkasa stock current value and its past values and can show if there is a momentum factor associated with investing in Hexindo Adiperkasa Tbk.
Regressed Prices |
| Timeline |
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Hexindo Adiperkasa financial ratios help investors to determine whether Hexindo 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 Hexindo with respect to the benefits of owning Hexindo Adiperkasa security.