Krida Jaringan (Indonesia) Market Value
| KJEN Stock | 63.00 1.00 1.56% |
| Symbol | Krida |
Krida Jaringan '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 Krida Jaringan'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 Krida Jaringan.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Krida Jaringan on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Krida Jaringan Nusantara or generate 0.0% return on investment in Krida Jaringan over 30 days. Krida Jaringan is related to or competes with PT Trimuda, Satria Antaran, Guna Timur, Kioson Komersial, and Armada Berjaya. More
Krida Jaringan 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 Krida Jaringan'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 Krida Jaringan Nusantara upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0261 | |||
| Maximum Drawdown | 30.13 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 5.13 |
Krida Jaringan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Krida Jaringan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Krida Jaringan's standard deviation. In reality, there are many statistical measures that can use Krida Jaringan historical prices to predict the future Krida Jaringan's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.2179 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0411 | |||
| Treynor Ratio | (0.69) |
Krida Jaringan Nusantara Backtested Returns
Krida Jaringan Nusantara has Sharpe Ratio of -0.0015, which conveys that the firm had a -0.0015% return per unit of risk over the last 3 months. Krida Jaringan exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Krida Jaringan's Mean Deviation of 2.4, downside deviation of 2.64, and Risk Adjusted Performance of 0.0451 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Krida Jaringan are expected to decrease at a much lower rate. During the bear market, Krida Jaringan is likely to outperform the market. At this point, Krida Jaringan Nusantara has a negative expected return of -0.0059%. Please make sure to verify Krida Jaringan's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Krida Jaringan Nusantara performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Krida Jaringan Nusantara has very good predictability. Overlapping area represents the amount of predictability between Krida Jaringan time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Krida Jaringan Nusantara price movement. The serial correlation of 0.83 indicates that around 83.0% of current Krida Jaringan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.97 |
Krida Jaringan Nusantara lagged returns against current returns
Autocorrelation, which is Krida Jaringan 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 Krida Jaringan's stock expected returns. We can calculate the autocorrelation of Krida Jaringan returns to help us make a trade decision. For example, suppose you find that Krida Jaringan 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 |
Krida Jaringan 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 Krida Jaringan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Krida Jaringan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Krida Jaringan stock over time.
Current vs Lagged Prices |
| Timeline |
Krida Jaringan Lagged Returns
When evaluating Krida Jaringan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Krida Jaringan stock have on its future price. Krida Jaringan 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, Krida Jaringan autocorrelation shows the relationship between Krida Jaringan stock current value and its past values and can show if there is a momentum factor associated with investing in Krida Jaringan Nusantara.
Regressed Prices |
| Timeline |
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Krida Jaringan financial ratios help investors to determine whether Krida 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 Krida with respect to the benefits of owning Krida Jaringan security.