Indorama Synthetics (Indonesia) Market Value
| INDR Stock | IDR 2,650 30.00 1.12% |
| Symbol | Indorama |
Indorama Synthetics '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 Indorama Synthetics' 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 Indorama Synthetics.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Indorama Synthetics on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Indorama Synthetics Tbk or generate 0.0% return on investment in Indorama Synthetics over 30 days. Indorama Synthetics is related to or competes with Pembangunan Jaya, Panorama Sentrawisata, Millennium Pharmacon, and Tempo Inti. Indo-Rama Synthetics Tbk, together with its subsidiaries, produces and sells polyester, spun yarns, and fabrics in Indon... More
Indorama Synthetics 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 Indorama Synthetics' 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 Indorama Synthetics Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.86 |
Indorama Synthetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indorama Synthetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indorama Synthetics' standard deviation. In reality, there are many statistical measures that can use Indorama Synthetics historical prices to predict the future Indorama Synthetics' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (2.45) |
Indorama Synthetics Tbk Backtested Returns
Indorama Synthetics Tbk holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Indorama Synthetics Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indorama Synthetics' Risk Adjusted Performance of (0.08), standard deviation of 2.17, and Market Risk Adjusted Performance of (2.44) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0995, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indorama Synthetics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Indorama Synthetics is expected to be smaller as well. At this point, Indorama Synthetics Tbk has a negative expected return of -0.33%. Please make sure to check out Indorama Synthetics' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Indorama Synthetics Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Indorama Synthetics Tbk has very good predictability. Overlapping area represents the amount of predictability between Indorama Synthetics time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Indorama Synthetics Tbk price movement. The serial correlation of 0.8 indicates that around 80.0% of current Indorama Synthetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1868.75 |
Indorama Synthetics Tbk lagged returns against current returns
Autocorrelation, which is Indorama Synthetics 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 Indorama Synthetics' stock expected returns. We can calculate the autocorrelation of Indorama Synthetics returns to help us make a trade decision. For example, suppose you find that Indorama Synthetics 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 |
Indorama Synthetics 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 Indorama Synthetics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indorama Synthetics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indorama Synthetics stock over time.
Current vs Lagged Prices |
| Timeline |
Indorama Synthetics Lagged Returns
When evaluating Indorama Synthetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indorama Synthetics stock have on its future price. Indorama Synthetics 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, Indorama Synthetics autocorrelation shows the relationship between Indorama Synthetics stock current value and its past values and can show if there is a momentum factor associated with investing in Indorama Synthetics Tbk.
Regressed Prices |
| Timeline |
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Indorama Synthetics financial ratios help investors to determine whether Indorama 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 Indorama with respect to the benefits of owning Indorama Synthetics security.