Perusahaan Gas (Indonesia) Market Value
| PGAS Stock | IDR 1,570 75.00 5.02% |
| Symbol | Perusahaan |
Perusahaan Gas '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 Perusahaan Gas' 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 Perusahaan Gas.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Perusahaan Gas on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Perusahaan Gas Negara or generate 0.0% return on investment in Perusahaan Gas over 30 days. Perusahaan Gas is related to or competes with Aneka Tambang, Bukit Asam, Telkom Indonesia, Astra International, and PT Indofood. More
Perusahaan Gas 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 Perusahaan Gas' 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 Perusahaan Gas Negara upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.74 |
Perusahaan Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Perusahaan Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Perusahaan Gas' standard deviation. In reality, there are many statistical measures that can use Perusahaan Gas historical prices to predict the future Perusahaan Gas' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 2.02 |
Perusahaan Gas Negara Backtested Returns
As of now, Perusahaan Stock is very steady. Perusahaan Gas Negara maintains Sharpe Ratio (i.e., Efficiency) of 4.0E-4, which implies the firm had a 4.0E-4% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Perusahaan Gas Negara, which you can use to evaluate the volatility of the company. Please check Perusahaan Gas' Coefficient Of Variation of (1,312), variance of 2.43, and Risk Adjusted Performance of (0.05) to confirm if the risk estimate we provide is consistent with the expected return of 5.0E-4%. The company holds a Beta of -0.0638, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Perusahaan Gas are expected to decrease at a much lower rate. During the bear market, Perusahaan Gas is likely to outperform the market. Perusahaan Gas Negara right now holds a risk of 1.46%. Please check Perusahaan Gas Negara skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Perusahaan Gas Negara will be following its historical price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Perusahaan Gas Negara has modest reverse predictability. Overlapping area represents the amount of predictability between Perusahaan Gas time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Perusahaan Gas Negara price movement. The serial correlation of -0.49 indicates that about 49.0% of current Perusahaan Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 690.08 |
Perusahaan Gas Negara lagged returns against current returns
Autocorrelation, which is Perusahaan Gas 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 Perusahaan Gas' stock expected returns. We can calculate the autocorrelation of Perusahaan Gas returns to help us make a trade decision. For example, suppose you find that Perusahaan Gas 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 |
Perusahaan Gas 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 Perusahaan Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Perusahaan Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Perusahaan Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Perusahaan Gas Lagged Returns
When evaluating Perusahaan Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Perusahaan Gas stock have on its future price. Perusahaan Gas 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, Perusahaan Gas autocorrelation shows the relationship between Perusahaan Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Perusahaan Gas Negara.
Regressed Prices |
| Timeline |
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Perusahaan Gas financial ratios help investors to determine whether Perusahaan 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 Perusahaan with respect to the benefits of owning Perusahaan Gas security.