Prima Globalindo (Indonesia) Market Value
| PPGL Stock | IDR 101.00 2.00 1.94% |
| Symbol | Prima |
Prima Globalindo '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 Prima Globalindo'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 Prima Globalindo.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prima Globalindo on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Prima Globalindo Logistik or generate 0.0% return on investment in Prima Globalindo over 180 days. Prima Globalindo is related to or competes with Pelita Samudera, Cisadane Sawit, Hartadinata Abadi, Mitrabara Adiperdana, and Armada Berjaya. Pt Prima Globalindo Logistik provides freight forwarding and land transportation services for export and import in Indon... More
Prima Globalindo 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 Prima Globalindo'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 Prima Globalindo Logistik upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.93 |
Prima Globalindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prima Globalindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prima Globalindo's standard deviation. In reality, there are many statistical measures that can use Prima Globalindo historical prices to predict the future Prima Globalindo's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (1.14) |
Prima Globalindo Logistik Backtested Returns
Prima Globalindo Logistik maintains Sharpe Ratio (i.e., Efficiency) of -0.0396, which implies the firm had a -0.0396% return per unit of risk over the last 3 months. Prima Globalindo Logistik exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prima Globalindo's Risk Adjusted Performance of (0.02), variance of 1.1, and Coefficient Of Variation of (4,128) to confirm the risk estimate we provide. The company holds a Beta of 0.031, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prima Globalindo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prima Globalindo is expected to be smaller as well. At this point, Prima Globalindo Logistik has a negative expected return of -0.0413%. Please make sure to check Prima Globalindo's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Prima Globalindo Logistik performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Prima Globalindo Logistik has insignificant reverse predictability. Overlapping area represents the amount of predictability between Prima Globalindo time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Prima Globalindo Logistik price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Prima Globalindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.02 |
Prima Globalindo Logistik lagged returns against current returns
Autocorrelation, which is Prima Globalindo 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 Prima Globalindo's stock expected returns. We can calculate the autocorrelation of Prima Globalindo returns to help us make a trade decision. For example, suppose you find that Prima Globalindo 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 |
Prima Globalindo 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 Prima Globalindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prima Globalindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prima Globalindo stock over time.
Current vs Lagged Prices |
| Timeline |
Prima Globalindo Lagged Returns
When evaluating Prima Globalindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prima Globalindo stock have on its future price. Prima Globalindo 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, Prima Globalindo autocorrelation shows the relationship between Prima Globalindo stock current value and its past values and can show if there is a momentum factor associated with investing in Prima Globalindo Logistik.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Prima Stock
Prima Globalindo financial ratios help investors to determine whether Prima 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 Prima with respect to the benefits of owning Prima Globalindo security.