Tifa Finance (Indonesia) Market Value
| TIFA Stock | IDR 555.00 5.00 0.89% |
| Symbol | Tifa |
Tifa Finance '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 Tifa Finance'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 Tifa Finance.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tifa Finance on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tifa Finance Tbk or generate 0.0% return on investment in Tifa Finance over 30 days. Tifa Finance is related to or competes with Bank BRISyariah, Ace Hardware, Merdeka Copper, Mitra Pinasthika, Jakarta Int, Asuransi Harta, and Indosterling Technomedia. More
Tifa Finance 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 Tifa Finance'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 Tifa Finance Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.82) | |||
| Maximum Drawdown | 0.885 | |||
| Value At Risk | (0.87) |
Tifa Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tifa Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tifa Finance's standard deviation. In reality, there are many statistical measures that can use Tifa Finance historical prices to predict the future Tifa Finance's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (1.26) |
Tifa Finance Tbk Backtested Returns
Tifa Finance Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.29, which indicates the firm had a -0.29% return per unit of risk over the last 3 months. Tifa Finance Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tifa Finance's Coefficient Of Variation of (351.99), variance of 0.0547, and Risk Adjusted Performance of (0.24) to confirm the risk estimate we provide. The entity has a beta of 0.0609, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tifa Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tifa Finance is expected to be smaller as well. At this point, Tifa Finance Tbk has a negative expected return of -0.0708%. Please make sure to validate Tifa Finance's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tifa Finance Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Tifa Finance Tbk has good predictability. Overlapping area represents the amount of predictability between Tifa Finance time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Tifa Finance Tbk price movement. The serial correlation of 0.75 indicates that around 75.0% of current Tifa Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 5.0 |
Tifa Finance Tbk lagged returns against current returns
Autocorrelation, which is Tifa Finance 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 Tifa Finance's stock expected returns. We can calculate the autocorrelation of Tifa Finance returns to help us make a trade decision. For example, suppose you find that Tifa Finance 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 |
Tifa Finance 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 Tifa Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tifa Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tifa Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Tifa Finance Lagged Returns
When evaluating Tifa Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tifa Finance stock have on its future price. Tifa Finance 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, Tifa Finance autocorrelation shows the relationship between Tifa Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Tifa Finance Tbk.
Regressed Prices |
| Timeline |
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Tifa Finance financial ratios help investors to determine whether Tifa 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 Tifa with respect to the benefits of owning Tifa Finance security.