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.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Chandra Asri on September 12, 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 90 days. Chandra Asri is related to or competes with Sandstorm Gold, Forsys Metals, Capital Clean, Enersys, and Hurco Companies. 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 | 0.108 | |||
| 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 | 0.098 | |||
| Jensen Alpha | 0.9057 | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 1.13 |
Chandra Asri Petroch Backtested Returns
We have found sixteen technical indicators for Chandra Asri Petrochemical, which you can use to evaluate the volatility of the firm. Please confirm Chandra Asri's mean deviation of 2.0, and Risk Adjusted Performance of 0.098 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%. The firm shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Chandra Asri returns are very sensitive to returns on the market. As the market goes up or down, Chandra Asri is expected to follow. Chandra Asri Petroch right now shows a risk of 0.0%. Please confirm Chandra Asri Petroch market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to decide if Chandra Asri Petroch will be following its price patterns.
Auto-correlation | 1.00 |
Perfect predictability
Chandra Asri Petrochemical has perfect predictability. Overlapping area represents the amount of predictability between Chandra Asri time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 1.0 indicates that 100.0% of current Chandra Asri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| 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.