Indospring Tbk (Indonesia) Market Value
| INDS Stock | IDR 254.00 4.00 1.55% |
| Symbol | Indospring |
Indospring Tbk '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 Indospring Tbk'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 Indospring Tbk.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Indospring Tbk on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Indospring Tbk or generate 0.0% return on investment in Indospring Tbk over 360 days. Indospring Tbk is related to or competes with Indomobil Sukses, Goodyear Indonesia, Indorama Synthetics, Astra Otoparts, and Jembo Cable. More
Indospring Tbk 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 Indospring Tbk'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 Indospring Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.04 |
Indospring Tbk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indospring Tbk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indospring Tbk's standard deviation. In reality, there are many statistical measures that can use Indospring Tbk historical prices to predict the future Indospring Tbk's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.82) |
Indospring Tbk Backtested Returns
Indospring Tbk holds Efficiency (Sharpe) Ratio of -0.22, which attests that the entity had a -0.22% return per unit of risk over the last 3 months. Indospring Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indospring Tbk's Standard Deviation of 1.12, market risk adjusted performance of (0.81), and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indospring Tbk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indospring Tbk is expected to be smaller as well. At this point, Indospring Tbk has a negative expected return of -0.25%. Please make sure to check out Indospring Tbk's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Indospring Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Indospring Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Indospring Tbk time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Indospring Tbk price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Indospring Tbk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1112.61 |
Indospring Tbk lagged returns against current returns
Autocorrelation, which is Indospring Tbk 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 Indospring Tbk's stock expected returns. We can calculate the autocorrelation of Indospring Tbk returns to help us make a trade decision. For example, suppose you find that Indospring Tbk 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 |
Indospring Tbk 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 Indospring Tbk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indospring Tbk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indospring Tbk stock over time.
Current vs Lagged Prices |
| Timeline |
Indospring Tbk Lagged Returns
When evaluating Indospring Tbk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indospring Tbk stock have on its future price. Indospring Tbk 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, Indospring Tbk autocorrelation shows the relationship between Indospring Tbk stock current value and its past values and can show if there is a momentum factor associated with investing in Indospring Tbk.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Indospring Stock
Indospring Tbk financial ratios help investors to determine whether Indospring 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 Indospring with respect to the benefits of owning Indospring Tbk security.