Trisula International (Indonesia) Market Value
| TRIS Stock | IDR 170.00 2.00 1.16% |
| Symbol | Trisula |
Trisula International '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 Trisula International'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 Trisula International.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Trisula International on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Trisula International Tbk or generate 0.0% return on investment in Trisula International over 240 days. Trisula International is related to or competes with Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, Indosat Tbk, Bank Negara, and PT Kusuma. More
Trisula International 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 Trisula International'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 Trisula International Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.13 |
Trisula International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trisula International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trisula International's standard deviation. In reality, there are many statistical measures that can use Trisula International historical prices to predict the future Trisula International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.90) |
Trisula International Tbk Backtested Returns
Trisula International Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Trisula International Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trisula International's Risk Adjusted Performance of (0.06), variance of 1.52, and Coefficient Of Variation of (1,121) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Trisula International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trisula International is expected to be smaller as well. At this point, Trisula International Tbk has a negative expected return of -0.13%. Please make sure to validate Trisula International's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Trisula International Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Trisula International Tbk has weak predictability. Overlapping area represents the amount of predictability between Trisula International time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 Trisula International Tbk price movement. The serial correlation of 0.21 indicates that over 21.0% of current Trisula International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 17.96 |
Trisula International Tbk lagged returns against current returns
Autocorrelation, which is Trisula International 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 Trisula International's stock expected returns. We can calculate the autocorrelation of Trisula International returns to help us make a trade decision. For example, suppose you find that Trisula International 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 |
Trisula International 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 Trisula International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trisula International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trisula International stock over time.
Current vs Lagged Prices |
| Timeline |
Trisula International Lagged Returns
When evaluating Trisula International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trisula International stock have on its future price. Trisula International 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, Trisula International autocorrelation shows the relationship between Trisula International stock current value and its past values and can show if there is a momentum factor associated with investing in Trisula International Tbk.
Regressed Prices |
| Timeline |
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Trisula International financial ratios help investors to determine whether Trisula 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 Trisula with respect to the benefits of owning Trisula International security.