Destinasi Tirta (Indonesia) Market Value
| PDES Stock | IDR 270.00 4.00 1.50% |
| Symbol | Destinasi |
Destinasi Tirta '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 Destinasi Tirta'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 Destinasi Tirta.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Destinasi Tirta on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Destinasi Tirta Nusantara or generate 0.0% return on investment in Destinasi Tirta over 30 days. Destinasi Tirta is related to or competes with Panorama Sentrawisata, Pembangunan Graha, Hotel Sahid, Pembangunan Jaya, and Kokoh Inti. More
Destinasi Tirta 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 Destinasi Tirta'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 Destinasi Tirta Nusantara upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 6.07 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 0.7813 |
Destinasi Tirta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Destinasi Tirta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Destinasi Tirta's standard deviation. In reality, there are many statistical measures that can use Destinasi Tirta historical prices to predict the future Destinasi Tirta's volatility.| Risk Adjusted Performance | 0.0435 | |||
| Jensen Alpha | 0.0411 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (3.68) |
Destinasi Tirta Nusantara Backtested Returns
As of now, Destinasi Stock is very steady. Destinasi Tirta Nusantara secures Sharpe Ratio (or Efficiency) of 0.0175, which denotes the company had a 0.0175% return per unit of risk over the last 3 months. We have found thirty technical indicators for Destinasi Tirta Nusantara, which you can use to evaluate the volatility of the firm. Please confirm Destinasi Tirta's Downside Deviation of 2.4, mean deviation of 0.4957, and Coefficient Of Variation of 1823.67 to check if the risk estimate we provide is consistent with the expected return of 0.016%. Destinasi Tirta has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0108, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Destinasi Tirta are expected to decrease at a much lower rate. During the bear market, Destinasi Tirta is likely to outperform the market. Destinasi Tirta Nusantara right now shows a risk of 0.91%. Please confirm Destinasi Tirta Nusantara sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Destinasi Tirta Nusantara will be following its price patterns.
Auto-correlation | 0.11 |
Insignificant predictability
Destinasi Tirta Nusantara has insignificant predictability. Overlapping area represents the amount of predictability between Destinasi Tirta time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Destinasi Tirta Nusantara price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Destinasi Tirta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.76 |
Destinasi Tirta Nusantara lagged returns against current returns
Autocorrelation, which is Destinasi Tirta 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 Destinasi Tirta's stock expected returns. We can calculate the autocorrelation of Destinasi Tirta returns to help us make a trade decision. For example, suppose you find that Destinasi Tirta 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 |
Destinasi Tirta 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 Destinasi Tirta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Destinasi Tirta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Destinasi Tirta stock over time.
Current vs Lagged Prices |
| Timeline |
Destinasi Tirta Lagged Returns
When evaluating Destinasi Tirta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Destinasi Tirta stock have on its future price. Destinasi Tirta 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, Destinasi Tirta autocorrelation shows the relationship between Destinasi Tirta stock current value and its past values and can show if there is a momentum factor associated with investing in Destinasi Tirta Nusantara.
Regressed Prices |
| Timeline |
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Destinasi Tirta financial ratios help investors to determine whether Destinasi 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 Destinasi with respect to the benefits of owning Destinasi Tirta security.