Jasuindo Tiga (Indonesia) Market Value
| JTPE Stock | IDR 220.00 2.00 0.90% |
| Symbol | Jasuindo |
Jasuindo Tiga '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 Jasuindo Tiga'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 Jasuindo Tiga.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jasuindo Tiga on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jasuindo Tiga Perkasa or generate 0.0% return on investment in Jasuindo Tiga over 30 days. Jasuindo Tiga is related to or competes with Matahari Department, Multi Medika, Visi Media, Bayan Resources, and Baramulti Suksessarana. PT Jasuindo Tiga Perkasa Tbk, together with its subsidiaries, operates in the printing industry in Indonesia More
Jasuindo Tiga 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 Jasuindo Tiga'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 Jasuindo Tiga Perkasa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.3 |
Jasuindo Tiga Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jasuindo Tiga's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jasuindo Tiga's standard deviation. In reality, there are many statistical measures that can use Jasuindo Tiga historical prices to predict the future Jasuindo Tiga's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (1.00) |
Jasuindo Tiga Perkasa Backtested Returns
Jasuindo Tiga Perkasa 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. Jasuindo Tiga Perkasa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jasuindo Tiga's Standard Deviation of 1.66, risk adjusted performance of (0.1), and Market Risk Adjusted Performance of (0.99) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jasuindo Tiga's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jasuindo Tiga is expected to be smaller as well. At this point, Jasuindo Tiga Perkasa has a negative expected return of -0.27%. Please make sure to check out Jasuindo Tiga's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Jasuindo Tiga Perkasa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Jasuindo Tiga Perkasa has good predictability. Overlapping area represents the amount of predictability between Jasuindo Tiga time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Jasuindo Tiga Perkasa price movement. The serial correlation of 0.66 indicates that around 66.0% of current Jasuindo Tiga price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 13.68 |
Jasuindo Tiga Perkasa lagged returns against current returns
Autocorrelation, which is Jasuindo Tiga 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 Jasuindo Tiga's stock expected returns. We can calculate the autocorrelation of Jasuindo Tiga returns to help us make a trade decision. For example, suppose you find that Jasuindo Tiga 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 |
Jasuindo Tiga 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 Jasuindo Tiga stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jasuindo Tiga stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jasuindo Tiga stock over time.
Current vs Lagged Prices |
| Timeline |
Jasuindo Tiga Lagged Returns
When evaluating Jasuindo Tiga's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jasuindo Tiga stock have on its future price. Jasuindo Tiga 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, Jasuindo Tiga autocorrelation shows the relationship between Jasuindo Tiga stock current value and its past values and can show if there is a momentum factor associated with investing in Jasuindo Tiga Perkasa.
Regressed Prices |
| Timeline |
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Jasuindo Tiga financial ratios help investors to determine whether Jasuindo 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 Jasuindo with respect to the benefits of owning Jasuindo Tiga security.