PT Hexindo (Germany) Market Value
| HX1A Stock | EUR 0.28 0.01 3.70% |
| Symbol | HX1A |
PT Hexindo '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 Hexindo'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 Hexindo.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in PT Hexindo on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding PT Hexindo Adiperkasa or generate 0.0% return on investment in PT Hexindo over 30 days. PT Hexindo is related to or competes with United Rentals, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. PT Hexindo Adiperkasa Tbk engages in the distribution, sale, and rental of heavy equipment and related spare parts in In... More
PT Hexindo 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 Hexindo'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 Hexindo Adiperkasa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 34.54 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.13 |
PT Hexindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Hexindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Hexindo's standard deviation. In reality, there are many statistical measures that can use PT Hexindo historical prices to predict the future PT Hexindo's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.95) | |||
| Treynor Ratio | (0.16) |
PT Hexindo Adiperkasa Backtested Returns
PT Hexindo Adiperkasa retains Efficiency (Sharpe Ratio) of -0.0727, which implies the firm had a -0.0727% return per unit of price deviation over the last 3 months. PT Hexindo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Hexindo's market risk adjusted performance of (0.15), and Information Ratio of (0.10) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.87, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PT Hexindo will likely underperform. At this point, PT Hexindo Adiperkasa has a negative expected return of -0.3%. Please make sure to check PT Hexindo's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if PT Hexindo Adiperkasa performance from the past will be repeated at some future date.
Auto-correlation | 0.11 |
Insignificant predictability
PT Hexindo Adiperkasa has insignificant predictability. Overlapping area represents the amount of predictability between PT Hexindo time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Hexindo Adiperkasa price movement. The serial correlation of 0.11 indicates that less than 11.0% of current PT Hexindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Hexindo Adiperkasa lagged returns against current returns
Autocorrelation, which is PT Hexindo 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 Hexindo's stock expected returns. We can calculate the autocorrelation of PT Hexindo returns to help us make a trade decision. For example, suppose you find that PT Hexindo 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 Hexindo 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 Hexindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Hexindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Hexindo stock over time.
Current vs Lagged Prices |
| Timeline |
PT Hexindo Lagged Returns
When evaluating PT Hexindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Hexindo stock have on its future price. PT Hexindo 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 Hexindo autocorrelation shows the relationship between PT Hexindo stock current value and its past values and can show if there is a momentum factor associated with investing in PT Hexindo Adiperkasa.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HX1A Stock
PT Hexindo financial ratios help investors to determine whether HX1A 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 HX1A with respect to the benefits of owning PT Hexindo security.