PT Verona (Indonesia) Market Value
| VERN Stock | 169.00 6.00 3.68% |
| Symbol | VERN |
PT Verona '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 Verona'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 PT Verona.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in PT Verona on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding PT Verona Indah or generate 0.0% return on investment in PT Verona over 30 days.
PT Verona 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 Verona'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 PT Verona Indah upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 11.06 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 2.56 |
PT Verona Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Verona's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Verona's standard deviation. In reality, there are many statistical measures that can use PT Verona historical prices to predict the future PT Verona's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 1.53 |
PT Verona Indah Backtested Returns
PT Verona Indah retains Efficiency (Sharpe Ratio) of -0.18, which implies the firm had a -0.18% return per unit of price deviation over the last 3 months. PT Verona exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Verona's market risk adjusted performance of 1.54, and Information Ratio of (0.17) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PT Verona are expected to decrease at a much lower rate. During the bear market, PT Verona is likely to outperform the market. At this point, PT Verona Indah has a negative expected return of -0.48%. Please make sure to check PT Verona's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if PT Verona Indah performance from the past will be repeated at some future date.
Auto-correlation | 0.35 |
Below average predictability
PT Verona Indah has below average predictability. Overlapping area represents the amount of predictability between PT Verona time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Verona Indah price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current PT Verona price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 124.91 |
PT Verona Indah lagged returns against current returns
Autocorrelation, which is PT Verona 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 PT Verona's stock expected returns. We can calculate the autocorrelation of PT Verona returns to help us make a trade decision. For example, suppose you find that PT Verona 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 |
PT Verona 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 Verona stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Verona stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Verona stock over time.
Current vs Lagged Prices |
| Timeline |
PT Verona Lagged Returns
When evaluating PT Verona's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Verona stock have on its future price. PT Verona 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 Verona autocorrelation shows the relationship between PT Verona stock current value and its past values and can show if there is a momentum factor associated with investing in PT Verona Indah.
Regressed Prices |
| Timeline |
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