Steel Pipe (Indonesia) Market Value
| ISSP Stock | IDR 284.00 2.00 0.71% |
| Symbol | Steel |
Steel Pipe '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 Steel Pipe'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 Steel Pipe.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Steel Pipe on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Steel Pipe Industry or generate 0.0% return on investment in Steel Pipe over 30 days. Steel Pipe is related to or competes with Barito Pacific, Charoen Pokphand, and Indocement Tunggal. More
Steel Pipe 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 Steel Pipe'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 Steel Pipe Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.33 |
Steel Pipe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steel Pipe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steel Pipe's standard deviation. In reality, there are many statistical measures that can use Steel Pipe historical prices to predict the future Steel Pipe's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 2.31 |
Steel Pipe Industry Backtested Returns
Steel Pipe Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Steel Pipe Industry exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steel Pipe's Coefficient Of Variation of (658.91), risk adjusted performance of (0.11), and Variance of 0.943 to confirm the risk estimate we provide. The entity has a beta of -0.0681, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Steel Pipe are expected to decrease at a much lower rate. During the bear market, Steel Pipe is likely to outperform the market. At this point, Steel Pipe Industry has a negative expected return of -0.1%. Please make sure to validate Steel Pipe's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Steel Pipe Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Steel Pipe Industry has good predictability. Overlapping area represents the amount of predictability between Steel Pipe 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 Steel Pipe Industry price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Steel Pipe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 5.64 |
Steel Pipe Industry lagged returns against current returns
Autocorrelation, which is Steel Pipe 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 Steel Pipe's stock expected returns. We can calculate the autocorrelation of Steel Pipe returns to help us make a trade decision. For example, suppose you find that Steel Pipe 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 |
Steel Pipe 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 Steel Pipe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steel Pipe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steel Pipe stock over time.
Current vs Lagged Prices |
| Timeline |
Steel Pipe Lagged Returns
When evaluating Steel Pipe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steel Pipe stock have on its future price. Steel Pipe 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, Steel Pipe autocorrelation shows the relationship between Steel Pipe stock current value and its past values and can show if there is a momentum factor associated with investing in Steel Pipe Industry.
Regressed Prices |
| Timeline |
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Steel Pipe financial ratios help investors to determine whether Steel 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 Steel with respect to the benefits of owning Steel Pipe security.