Chandra Asri Petrochemical Stock Market Value
| PTCAY Stock | USD 62.61 0.00 0.00% |
| Symbol | Chandra |
Chandra Asri '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 Chandra Asri'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 Chandra Asri.
| 10/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Chandra Asri on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Chandra Asri Petrochemical or generate 0.0% return on investment in Chandra Asri over 60 days. Chandra Asri is related to or competes with Transportadora, Empresa Distribuidora, Cheniere Energy, Ryanair Holdings, United Utilities, Grupo Aeroportuario, and Cebu Air. Chandra Asri Petrochemical Tbk, together with its subsidiaries, operates as an integrated petrochemical company in Indon... More
Chandra Asri 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 Chandra Asri'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 Chandra Asri Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1094 | |||
| Maximum Drawdown | 67.18 |
Chandra Asri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chandra Asri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chandra Asri's standard deviation. In reality, there are many statistical measures that can use Chandra Asri historical prices to predict the future Chandra Asri's volatility.| Risk Adjusted Performance | 0.103 | |||
| Jensen Alpha | 0.9725 | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 2.94 |
Chandra Asri Petroch Backtested Returns
Chandra Asri is not too volatile given 3 months investment horizon. Chandra Asri Petroch secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We were able to analyze seventeen different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Chandra Asri risk adjusted performance of 0.103, and Mean Deviation of 2.0 to evaluate company specific risk that cannot be diversified away. Chandra Asri holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chandra Asri's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chandra Asri is expected to be smaller as well. Use Chandra Asri market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to analyze future returns on Chandra Asri.
Auto-correlation | 0.00 |
No correlation between past and present
Chandra Asri Petrochemical has no correlation between past and present. Overlapping area represents the amount of predictability between Chandra Asri time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Chandra Asri Petroch price movement. The serial correlation of 0.0 indicates that just 0.0% of current Chandra Asri 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 |
Chandra Asri Petroch lagged returns against current returns
Autocorrelation, which is Chandra Asri 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 Chandra Asri's pink sheet expected returns. We can calculate the autocorrelation of Chandra Asri returns to help us make a trade decision. For example, suppose you find that Chandra Asri 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 |
Chandra Asri 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 Chandra Asri pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chandra Asri pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chandra Asri pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Chandra Asri Lagged Returns
When evaluating Chandra Asri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chandra Asri pink sheet have on its future price. Chandra Asri 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, Chandra Asri autocorrelation shows the relationship between Chandra Asri pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Chandra Asri Petrochemical.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Chandra Pink Sheet Analysis
When running Chandra Asri's price analysis, check to measure Chandra Asri's 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 Chandra Asri is operating at the current time. Most of Chandra Asri's value examination focuses on studying past and present price action to predict the probability of Chandra Asri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chandra Asri's price. Additionally, you may evaluate how the addition of Chandra Asri to your portfolios can decrease your overall portfolio volatility.