Pelangi Indah (Indonesia) Market Value
| PICO Stock | IDR 116.00 6.00 4.92% |
| Symbol | Pelangi |
Pelangi Indah '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 Pelangi Indah'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 Pelangi Indah.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Pelangi Indah on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Pelangi Indah Canindo or generate 0.0% return on investment in Pelangi Indah over 720 days. Pelangi Indah is related to or competes with Lionmesh Prima, PT Mulia, Lion Metal, Tembaga Mulia, and Suparma Tbk. PT Pelangi Indah Canindo Tbk manufactures and sells metal packaging products in Indonesia and internationally More
Pelangi Indah 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 Pelangi Indah'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 Pelangi Indah Canindo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.12 | |||
| Information Ratio | 0.0603 | |||
| Maximum Drawdown | 51.33 | |||
| Value At Risk | (7.75) | |||
| Potential Upside | 7.32 |
Pelangi Indah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pelangi Indah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pelangi Indah's standard deviation. In reality, there are many statistical measures that can use Pelangi Indah historical prices to predict the future Pelangi Indah's volatility.| Risk Adjusted Performance | 0.0703 | |||
| Jensen Alpha | 0.4649 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | 0.901 |
Pelangi Indah Canindo Backtested Returns
Pelangi Indah appears to be very steady, given 3 months investment horizon. Pelangi Indah Canindo maintains Sharpe Ratio (i.e., Efficiency) of 0.0822, which implies the firm had a 0.0822% return per unit of risk over the last 3 months. By analyzing Pelangi Indah's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please evaluate Pelangi Indah's Coefficient Of Variation of 1245.57, risk adjusted performance of 0.0703, and Semi Deviation of 4.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pelangi Indah holds a performance score of 6. The company holds a Beta of 0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pelangi Indah's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pelangi Indah is expected to be smaller as well. Please check Pelangi Indah's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Pelangi Indah's historical price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Pelangi Indah Canindo has virtually no predictability. Overlapping area represents the amount of predictability between Pelangi Indah time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Pelangi Indah Canindo price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Pelangi Indah price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 582.36 |
Pelangi Indah Canindo lagged returns against current returns
Autocorrelation, which is Pelangi Indah 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 Pelangi Indah's stock expected returns. We can calculate the autocorrelation of Pelangi Indah returns to help us make a trade decision. For example, suppose you find that Pelangi Indah 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 |
Pelangi Indah 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 Pelangi Indah stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pelangi Indah stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pelangi Indah stock over time.
Current vs Lagged Prices |
| Timeline |
Pelangi Indah Lagged Returns
When evaluating Pelangi Indah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pelangi Indah stock have on its future price. Pelangi Indah 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, Pelangi Indah autocorrelation shows the relationship between Pelangi Indah stock current value and its past values and can show if there is a momentum factor associated with investing in Pelangi Indah Canindo.
Regressed Prices |
| Timeline |
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Pelangi Indah financial ratios help investors to determine whether Pelangi 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 Pelangi with respect to the benefits of owning Pelangi Indah security.