Jasa Armada (Indonesia) Market Value
| IPCM Stock | IDR 272.00 2.00 0.74% |
| Symbol | Jasa |
Jasa Armada '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 Jasa Armada'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 Jasa Armada.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Jasa Armada on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Jasa Armada Indonesia or generate 0.0% return on investment in Jasa Armada over 720 days. Jasa Armada is related to or competes with Samudera Indonesia, Steady Safe, Rukun Raharja, PT Temas, and Weha Transportasi. More
Jasa Armada 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 Jasa Armada'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 Jasa Armada Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8372 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.96 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.7463 |
Jasa Armada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jasa Armada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jasa Armada's standard deviation. In reality, there are many statistical measures that can use Jasa Armada historical prices to predict the future Jasa Armada's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.014 |
Jasa Armada Indonesia Backtested Returns
As of now, Jasa Stock is very steady. Jasa Armada Indonesia holds Efficiency (Sharpe) Ratio of 0.0231, which attests that the entity had a 0.0231% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jasa Armada Indonesia, which you can use to evaluate the volatility of the firm. Please check out Jasa Armada's Risk Adjusted Performance of 0.0137, market risk adjusted performance of 0.024, and Downside Deviation of 0.8372 to validate if the risk estimate we provide is consistent with the expected return of 0.0131%. Jasa Armada has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jasa Armada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jasa Armada is expected to be smaller as well. Jasa Armada Indonesia right now retains a risk of 0.57%. Please check out Jasa Armada total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Jasa Armada will be following its current trending patterns.
Auto-correlation | 0.73 |
Good predictability
Jasa Armada Indonesia has good predictability. Overlapping area represents the amount of predictability between Jasa Armada 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 Jasa Armada Indonesia price movement. The serial correlation of 0.73 indicates that around 73.0% of current Jasa Armada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 49.59 |
Jasa Armada Indonesia lagged returns against current returns
Autocorrelation, which is Jasa Armada 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 Jasa Armada's stock expected returns. We can calculate the autocorrelation of Jasa Armada returns to help us make a trade decision. For example, suppose you find that Jasa Armada 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 |
Jasa Armada 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 Jasa Armada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jasa Armada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jasa Armada stock over time.
Current vs Lagged Prices |
| Timeline |
Jasa Armada Lagged Returns
When evaluating Jasa Armada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jasa Armada stock have on its future price. Jasa Armada 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, Jasa Armada autocorrelation shows the relationship between Jasa Armada stock current value and its past values and can show if there is a momentum factor associated with investing in Jasa Armada Indonesia.
Regressed Prices |
| Timeline |
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Jasa Armada financial ratios help investors to determine whether Jasa 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 Jasa with respect to the benefits of owning Jasa Armada security.