Tourindo Guide (Indonesia) Market Value
| PGJO Stock | IDR 98.00 1.00 1.03% |
| Symbol | Tourindo |
Tourindo Guide '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 Tourindo Guide'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 Tourindo Guide.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tourindo Guide on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Tourindo Guide Indonesia or generate 0.0% return on investment in Tourindo Guide over 90 days. Tourindo Guide is related to or competes with Yelooo Integra, Integra Indocabinet, Multistrada Arah, PT MNC, J Resources, Adaro Energy, and Bhuwanatala Indah. PT Tourindo Guide Indonesia Tbk operates a digital tourism marketplace that enable tourism product providers and travele... More
Tourindo Guide 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 Tourindo Guide'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 Tourindo Guide Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.15 |
Tourindo Guide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tourindo Guide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tourindo Guide's standard deviation. In reality, there are many statistical measures that can use Tourindo Guide historical prices to predict the future Tourindo Guide's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.0858 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.6073 |
Tourindo Guide Indonesia Backtested Returns
As of now, Tourindo Stock is very steady. Tourindo Guide Indonesia owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tourindo Guide Indonesia, which you can use to evaluate the volatility of the company. Please validate Tourindo Guide's Semi Deviation of 0.8903, coefficient of variation of 944.22, and Risk Adjusted Performance of 0.0841 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Tourindo Guide has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tourindo Guide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tourindo Guide is expected to be smaller as well. Tourindo Guide Indonesia right now has a risk of 1.14%. Please validate Tourindo Guide value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Tourindo Guide will be following its existing price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
Tourindo Guide Indonesia has very weak reverse predictability. Overlapping area represents the amount of predictability between Tourindo Guide time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Tourindo Guide Indonesia price movement. The serial correlation of -0.03 indicates that only 3.0% of current Tourindo Guide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 7.59 |
Tourindo Guide Indonesia lagged returns against current returns
Autocorrelation, which is Tourindo Guide 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 Tourindo Guide's stock expected returns. We can calculate the autocorrelation of Tourindo Guide returns to help us make a trade decision. For example, suppose you find that Tourindo Guide 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 |
Tourindo Guide 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 Tourindo Guide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tourindo Guide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tourindo Guide stock over time.
Current vs Lagged Prices |
| Timeline |
Tourindo Guide Lagged Returns
When evaluating Tourindo Guide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tourindo Guide stock have on its future price. Tourindo Guide 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, Tourindo Guide autocorrelation shows the relationship between Tourindo Guide stock current value and its past values and can show if there is a momentum factor associated with investing in Tourindo Guide Indonesia.
Regressed Prices |
| Timeline |
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Tourindo Guide financial ratios help investors to determine whether Tourindo 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 Tourindo with respect to the benefits of owning Tourindo Guide security.