Pt Astra International Stock Market Value
| PTAIF Stock | USD 0.37 0.00 0.00% |
| Symbol | PTAIF |
PT Astra '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 PT Astra's 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 PT Astra.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in PT Astra on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding PT Astra International or generate 0.0% return on investment in PT Astra over 30 days. PT Astra is related to or competes with Allison Transmission, Luminar Technologies, Lear, BorgWarner, Autoliv, Fox Factory, and LKQ. PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipm... More
PT Astra 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 PT Astra's 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 PT Astra International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1345 | |||
| Maximum Drawdown | 13.2 | |||
| Potential Upside | 2.78 |
PT Astra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Astra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Astra's standard deviation. In reality, there are many statistical measures that can use PT Astra historical prices to predict the future PT Astra's volatility.| Risk Adjusted Performance | 0.1618 | |||
| Jensen Alpha | 0.3625 | |||
| Total Risk Alpha | 0.0769 | |||
| Treynor Ratio | 3.2 |
PT Astra International Backtested Returns
PT Astra appears to be abnormally volatile, given 3 months investment horizon. PT Astra International retains Efficiency (Sharpe Ratio) of 0.21, which implies the firm had a 0.21% return per unit of price deviation over the last 3 months. We have found eighteen technical indicators for PT Astra, which you can use to evaluate the volatility of the company. Please evaluate PT Astra's information ratio of 0.1345, and Market Risk Adjusted Performance of 3.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PT Astra holds a performance score of 16. The company owns a Beta (Systematic Risk) of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT Astra's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Astra is expected to be smaller as well. Please check PT Astra's coefficient of variation, potential upside, relative strength index, as well as the relationship between the information ratio and rate of daily change , to make a quick decision on whether PT Astra's current price history will revert.
Auto-correlation | 0.00 |
No correlation between past and present
PT Astra International has no correlation between past and present. Overlapping area represents the amount of predictability between PT Astra time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 PT Astra International price movement. The serial correlation of 0.0 indicates that just 0.0% of current PT Astra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Astra International lagged returns against current returns
Autocorrelation, which is PT Astra 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 PT Astra's pink sheet expected returns. We can calculate the autocorrelation of PT Astra returns to help us make a trade decision. For example, suppose you find that PT Astra 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 |
PT Astra 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 PT Astra pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Astra pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Astra pink sheet over time.
Current vs Lagged Prices |
| Timeline |
PT Astra Lagged Returns
When evaluating PT Astra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Astra pink sheet have on its future price. PT Astra 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, PT Astra autocorrelation shows the relationship between PT Astra pink sheet current value and its past values and can show if there is a momentum factor associated with investing in PT Astra International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PTAIF Pink Sheet
PT Astra financial ratios help investors to determine whether PTAIF Pink Sheet 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 PTAIF with respect to the benefits of owning PT Astra security.