Red Planet (Indonesia) Market Value
| PSKT Stock | IDR 27.00 2.00 8.00% |
| Symbol | Red |
Red Planet '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 Red Planet'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 Red Planet.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Red Planet on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Red Planet Indonesia or generate 0.0% return on investment in Red Planet over 720 days. Red Planet is related to or competes with Pembangunan Graha, Pudjiadi Sons, Pioneerindo Gourmet, Pembangunan Jaya, and Hotel Sahid. More
Red Planet 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 Red Planet'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 Red Planet Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.6 | |||
| Information Ratio | 0.0554 | |||
| Maximum Drawdown | 18.22 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 8.7 |
Red Planet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Red Planet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Red Planet's standard deviation. In reality, there are many statistical measures that can use Red Planet historical prices to predict the future Red Planet's volatility.| Risk Adjusted Performance | 0.0777 | |||
| Jensen Alpha | 0.3188 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0354 | |||
| Treynor Ratio | (18.10) |
Red Planet Indonesia Backtested Returns
Red Planet appears to be not too volatile, given 3 months investment horizon. Red Planet Indonesia maintains Sharpe Ratio (i.e., Efficiency) of 0.0883, which implies the firm had a 0.0883% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Red Planet Indonesia, which you can use to evaluate the volatility of the company. Please evaluate Red Planet's Semi Deviation of 2.39, risk adjusted performance of 0.0777, and Coefficient Of Variation of 1093.57 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Red Planet holds a performance score of 6. The company holds a Beta of -0.0175, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Red Planet are expected to decrease at a much lower rate. During the bear market, Red Planet is likely to outperform the market. Please check Red Planet's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Red Planet's historical price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Red Planet Indonesia has very good predictability. Overlapping area represents the amount of predictability between Red Planet time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Red Planet Indonesia price movement. The serial correlation of 0.85 indicates that around 85.0% of current Red Planet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 164.95 |
Red Planet Indonesia lagged returns against current returns
Autocorrelation, which is Red Planet 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 Red Planet's stock expected returns. We can calculate the autocorrelation of Red Planet returns to help us make a trade decision. For example, suppose you find that Red Planet 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 |
Red Planet 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 Red Planet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Red Planet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Red Planet stock over time.
Current vs Lagged Prices |
| Timeline |
Red Planet Lagged Returns
When evaluating Red Planet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Red Planet stock have on its future price. Red Planet 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, Red Planet autocorrelation shows the relationship between Red Planet stock current value and its past values and can show if there is a momentum factor associated with investing in Red Planet Indonesia.
Regressed Prices |
| Timeline |
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Red Planet financial ratios help investors to determine whether Red 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 Red with respect to the benefits of owning Red Planet security.