Indo Oil (Indonesia) Market Value
| OILS Stock | 96.00 1.00 1.03% |
| Symbol | Indo |
Indo Oil '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 Indo Oil'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 Indo Oil.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Indo Oil on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Indo Oil Perkasa or generate 0.0% return on investment in Indo Oil over 720 days. Indo Oil is related to or competes with Sentra Food, Buyung Poetra, Garudafood Putra, Campina Ice, and Wijaya Karya. More
Indo Oil 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 Indo Oil'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 Indo Oil Perkasa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.68 |
Indo Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Oil's standard deviation. In reality, there are many statistical measures that can use Indo Oil historical prices to predict the future Indo Oil's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.2908 |
Indo Oil Perkasa Backtested Returns
Indo Oil Perkasa holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Indo Oil Perkasa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indo Oil's Market Risk Adjusted Performance of 0.3008, risk adjusted performance of (0.03), and Standard Deviation of 1.99 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Indo Oil are expected to decrease at a much lower rate. During the bear market, Indo Oil is likely to outperform the market. At this point, Indo Oil Perkasa has a negative expected return of -0.13%. Please make sure to check out Indo Oil's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Indo Oil Perkasa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Indo Oil Perkasa has good predictability. Overlapping area represents the amount of predictability between Indo Oil time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Indo Oil Perkasa price movement. The serial correlation of 0.73 indicates that around 73.0% of current Indo Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 336.91 |
Indo Oil Perkasa lagged returns against current returns
Autocorrelation, which is Indo Oil 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 Indo Oil's stock expected returns. We can calculate the autocorrelation of Indo Oil returns to help us make a trade decision. For example, suppose you find that Indo Oil 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 |
Indo Oil 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 Indo Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Oil Lagged Returns
When evaluating Indo Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Oil stock have on its future price. Indo Oil 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, Indo Oil autocorrelation shows the relationship between Indo Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Oil Perkasa.
Regressed Prices |
| Timeline |
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Indo Oil financial ratios help investors to determine whether Indo 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 Indo with respect to the benefits of owning Indo Oil security.