Prodia Widyahusada (Indonesia) Market Value
| PRDA Stock | IDR 2,780 10.00 0.36% |
| Symbol | Prodia |
Prodia Widyahusada '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 Prodia Widyahusada'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 Prodia Widyahusada.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Prodia Widyahusada on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Prodia Widyahusada Tbk or generate 0.0% return on investment in Prodia Widyahusada over 30 days. Prodia Widyahusada is related to or competes with Astra Graphia, Hexindo Adiperkasa, Lautan Luas, and Citra Marga. PT Prodia Widyahusada Tbk provides private clinical laboratory services More
Prodia Widyahusada 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 Prodia Widyahusada'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 Prodia Widyahusada Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.97 |
Prodia Widyahusada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prodia Widyahusada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prodia Widyahusada's standard deviation. In reality, there are many statistical measures that can use Prodia Widyahusada historical prices to predict the future Prodia Widyahusada's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.48) |
Prodia Widyahusada Tbk Backtested Returns
Prodia Widyahusada Tbk maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14% return per unit of risk over the last 3 months. Prodia Widyahusada Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prodia Widyahusada's Variance of 1.87, risk adjusted performance of (0.09), and Coefficient Of Variation of (803.44) to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prodia Widyahusada's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prodia Widyahusada is expected to be smaller as well. At this point, Prodia Widyahusada Tbk has a negative expected return of -0.2%. Please make sure to check Prodia Widyahusada's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Prodia Widyahusada Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Prodia Widyahusada Tbk has average predictability. Overlapping area represents the amount of predictability between Prodia Widyahusada time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Prodia Widyahusada Tbk price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Prodia Widyahusada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1608.26 |
Prodia Widyahusada Tbk lagged returns against current returns
Autocorrelation, which is Prodia Widyahusada 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 Prodia Widyahusada's stock expected returns. We can calculate the autocorrelation of Prodia Widyahusada returns to help us make a trade decision. For example, suppose you find that Prodia Widyahusada 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 |
Prodia Widyahusada 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 Prodia Widyahusada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prodia Widyahusada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prodia Widyahusada stock over time.
Current vs Lagged Prices |
| Timeline |
Prodia Widyahusada Lagged Returns
When evaluating Prodia Widyahusada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prodia Widyahusada stock have on its future price. Prodia Widyahusada 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, Prodia Widyahusada autocorrelation shows the relationship between Prodia Widyahusada stock current value and its past values and can show if there is a momentum factor associated with investing in Prodia Widyahusada Tbk.
Regressed Prices |
| Timeline |
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Prodia Widyahusada financial ratios help investors to determine whether Prodia 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 Prodia with respect to the benefits of owning Prodia Widyahusada security.