Indofood Sukses Makmur Stock Market Value
| PIFMY Stock | USD 24.89 1.22 5.15% |
| Symbol | Indofood |
Indofood Sukses '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 Indofood Sukses' pink sheet 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 Indofood Sukses.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Indofood Sukses on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Indofood Sukses Makmur or generate 0.0% return on investment in Indofood Sukses over 720 days. Indofood Sukses is related to or competes with Toyo Suisan, Bank Mandiri, Astra International, United Tractors, and Orkla ASA. PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia and internationally More
Indofood Sukses 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 Indofood Sukses' pink sheet 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 Indofood Sukses Makmur upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.9 | |||
| Information Ratio | 0.0274 | |||
| Maximum Drawdown | 19.17 | |||
| Value At Risk | (6.63) | |||
| Potential Upside | 6.92 |
Indofood Sukses Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indofood Sukses' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indofood Sukses' standard deviation. In reality, there are many statistical measures that can use Indofood Sukses historical prices to predict the future Indofood Sukses' volatility.| Risk Adjusted Performance | 0.0589 | |||
| Jensen Alpha | 0.3516 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0194 | |||
| Treynor Ratio | (0.22) |
Indofood Sukses Makmur Backtested Returns
Indofood Sukses appears to be not too volatile, given 3 months investment horizon. Indofood Sukses Makmur holds Efficiency (Sharpe) Ratio of 0.078, which attests that the entity had a 0.078% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Indofood Sukses Makmur, which you can use to evaluate the volatility of the firm. Please utilize Indofood Sukses' Downside Deviation of 4.9, market risk adjusted performance of (0.21), and Risk Adjusted Performance of 0.0589 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Indofood Sukses holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -1.01, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Indofood Sukses are expected to decrease slowly. On the other hand, during market turmoil, Indofood Sukses is expected to outperform it slightly. Please check Indofood Sukses' sortino ratio, as well as the relationship between the semi variance and day median price , to make a quick decision on whether Indofood Sukses' current trending patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Indofood Sukses Makmur has modest reverse predictability. Overlapping area represents the amount of predictability between Indofood Sukses time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Indofood Sukses Makmur price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Indofood Sukses price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4.55 |
Indofood Sukses Makmur lagged returns against current returns
Autocorrelation, which is Indofood Sukses pink sheet'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 Indofood Sukses' pink sheet expected returns. We can calculate the autocorrelation of Indofood Sukses returns to help us make a trade decision. For example, suppose you find that Indofood Sukses has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Indofood Sukses 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 Indofood Sukses pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indofood Sukses pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indofood Sukses pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Indofood Sukses Lagged Returns
When evaluating Indofood Sukses' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indofood Sukses pink sheet have on its future price. Indofood Sukses 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, Indofood Sukses autocorrelation shows the relationship between Indofood Sukses pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Indofood Sukses Makmur.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Indofood Pink Sheet Analysis
When running Indofood Sukses' price analysis, check to measure Indofood Sukses' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Indofood Sukses is operating at the current time. Most of Indofood Sukses' value examination focuses on studying past and present price action to predict the probability of Indofood Sukses' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indofood Sukses' price. Additionally, you may evaluate how the addition of Indofood Sukses to your portfolios can decrease your overall portfolio volatility.