Victoria Insurance (Indonesia) Market Value
| VINS Stock | IDR 113.00 2.00 1.74% |
| Symbol | Victoria |
Victoria Insurance '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 Victoria Insurance'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 Victoria Insurance.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Victoria Insurance on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Victoria Insurance Tbk or generate 0.0% return on investment in Victoria Insurance over 30 days. Victoria Insurance is related to or competes with Bank Cimb, Indosat Tbk, Astra Agro, Bank Mandiri, and Indocement Tunggal. More
Victoria Insurance 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 Victoria Insurance'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 Victoria Insurance Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 1.75 |
Victoria Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victoria Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victoria Insurance's standard deviation. In reality, there are many statistical measures that can use Victoria Insurance historical prices to predict the future Victoria Insurance's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 12.68 |
Victoria Insurance Tbk Backtested Returns
Victoria Insurance Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Victoria Insurance Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victoria Insurance's Coefficient Of Variation of (581.70), variance of 1.9, and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The entity has a beta of -0.0195, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victoria Insurance are expected to decrease at a much lower rate. During the bear market, Victoria Insurance is likely to outperform the market. At this point, Victoria Insurance Tbk has a negative expected return of -0.21%. Please make sure to validate Victoria Insurance's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Victoria Insurance Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Victoria Insurance Tbk has weak predictability. Overlapping area represents the amount of predictability between Victoria Insurance time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Victoria Insurance Tbk price movement. The serial correlation of 0.21 indicates that over 21.0% of current Victoria Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Victoria Insurance Tbk lagged returns against current returns
Autocorrelation, which is Victoria Insurance 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 Victoria Insurance's stock expected returns. We can calculate the autocorrelation of Victoria Insurance returns to help us make a trade decision. For example, suppose you find that Victoria Insurance 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 |
Victoria Insurance 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 Victoria Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victoria Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Victoria Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Victoria Insurance Lagged Returns
When evaluating Victoria Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victoria Insurance stock have on its future price. Victoria Insurance 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, Victoria Insurance autocorrelation shows the relationship between Victoria Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Victoria Insurance Tbk.
Regressed Prices |
| Timeline |
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Victoria Insurance financial ratios help investors to determine whether Victoria 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 Victoria with respect to the benefits of owning Victoria Insurance security.