Jasa Marga (Indonesia) Market Value
| JSMR Stock | IDR 4,600 40.00 0.88% |
| Symbol | Jasa |
Jasa Marga '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 Marga'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 Marga.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Jasa Marga on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Jasa Marga Tbk or generate 0.0% return on investment in Jasa Marga over 30 days. Jasa Marga is related to or competes with Semen Indonesia, Wijaya Karya, Perusahaan Gas, PT Indofood, and Kalbe Farma. More
Jasa Marga 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 Marga'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 Marga Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.02 |
Jasa Marga Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jasa Marga's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jasa Marga's standard deviation. In reality, there are many statistical measures that can use Jasa Marga historical prices to predict the future Jasa Marga's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 4.11 |
Jasa Marga Tbk Backtested Returns
Jasa Marga Tbk holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of risk over the last 3 months. Jasa Marga Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jasa Marga's Standard Deviation of 1.21, market risk adjusted performance of 4.12, and Risk Adjusted Performance of (0.16) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0633, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jasa Marga are expected to decrease at a much lower rate. During the bear market, Jasa Marga is likely to outperform the market. At this point, Jasa Marga Tbk has a negative expected return of -0.25%. Please make sure to check out Jasa Marga's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Jasa Marga Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Jasa Marga Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jasa Marga time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Jasa Marga Tbk price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Jasa Marga price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5838.89 |
Jasa Marga Tbk lagged returns against current returns
Autocorrelation, which is Jasa Marga 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 Marga's stock expected returns. We can calculate the autocorrelation of Jasa Marga returns to help us make a trade decision. For example, suppose you find that Jasa Marga 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 Marga 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 Marga stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jasa Marga stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jasa Marga stock over time.
Current vs Lagged Prices |
| Timeline |
Jasa Marga Lagged Returns
When evaluating Jasa Marga's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jasa Marga stock have on its future price. Jasa Marga 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 Marga autocorrelation shows the relationship between Jasa Marga stock current value and its past values and can show if there is a momentum factor associated with investing in Jasa Marga Tbk.
Regressed Prices |
| Timeline |
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Jasa Marga 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 Marga security.