HEXINDO ADIPERKASA (Germany) Market Value
| HX1A Stock | 0.26 0.01 3.70% |
| 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.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in HEXINDO ADIPERKASA on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding HEXINDO ADIPERKASA or generate 0.0% return on investment in HEXINDO ADIPERKASA over 30 days. HEXINDO ADIPERKASA is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 32.8 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 2.94 |
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 | (0.06) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.58) |
HEXINDO ADIPERKASA Backtested Returns
HEXINDO ADIPERKASA holds Efficiency (Sharpe) Ratio of -0.0912, which attests that the entity had a -0.0912% return per unit of standard deviation over the last 3 months. HEXINDO ADIPERKASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HEXINDO ADIPERKASA's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.57) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HEXINDO ADIPERKASA's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEXINDO ADIPERKASA is expected to be smaller as well. At this point, HEXINDO ADIPERKASA has a negative expected return of -0.34%. Please make sure to check out HEXINDO ADIPERKASA's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to decide if HEXINDO ADIPERKASA performance from the past will be repeated at future time.
Auto-correlation | 0.63 |
Good predictability
HEXINDO ADIPERKASA has good predictability. Overlapping area represents the amount of predictability between HEXINDO ADIPERKASA time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current HEXINDO ADIPERKASA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HEXINDO ADIPERKASA 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.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for HEXINDO Stock Analysis
When running HEXINDO ADIPERKASA's price analysis, check to measure HEXINDO ADIPERKASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HEXINDO ADIPERKASA is operating at the current time. Most of HEXINDO ADIPERKASA's value examination focuses on studying past and present price action to predict the probability of HEXINDO ADIPERKASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HEXINDO ADIPERKASA's price. Additionally, you may evaluate how the addition of HEXINDO ADIPERKASA to your portfolios can decrease your overall portfolio volatility.