INDOFOOD AGRI (Germany) Market Value
| ZVF Stock | EUR 0.22 0.00 0.00% |
| Symbol | INDOFOOD |
INDOFOOD AGRI '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 INDOFOOD AGRI'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 INDOFOOD AGRI.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in INDOFOOD AGRI on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding INDOFOOD AGRI RES or generate 0.0% return on investment in INDOFOOD AGRI over 90 days. INDOFOOD AGRI is related to or competes with Apple, Apple, Apple, Microsoft, and Microsoft. More
INDOFOOD AGRI 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 INDOFOOD AGRI'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 INDOFOOD AGRI RES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.95 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 10.26 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.76 |
INDOFOOD AGRI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INDOFOOD AGRI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INDOFOOD AGRI's standard deviation. In reality, there are many statistical measures that can use INDOFOOD AGRI historical prices to predict the future INDOFOOD AGRI's volatility.| Risk Adjusted Performance | 0.0864 | |||
| Jensen Alpha | 0.2629 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0243 | |||
| Treynor Ratio | (1.33) |
INDOFOOD AGRI RES Backtested Returns
INDOFOOD AGRI appears to be out of control, given 3 months investment horizon. INDOFOOD AGRI RES holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for INDOFOOD AGRI RES, which you can use to evaluate the volatility of the firm. Please utilize INDOFOOD AGRI's Semi Deviation of 1.56, risk adjusted performance of 0.0864, and Market Risk Adjusted Performance of (1.32) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, INDOFOOD AGRI holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning INDOFOOD AGRI are expected to decrease at a much lower rate. During the bear market, INDOFOOD AGRI is likely to outperform the market. Please check INDOFOOD AGRI's variance, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether INDOFOOD AGRI's current trending patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
INDOFOOD AGRI RES has poor predictability. Overlapping area represents the amount of predictability between INDOFOOD AGRI time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 INDOFOOD AGRI RES price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current INDOFOOD AGRI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
INDOFOOD AGRI RES lagged returns against current returns
Autocorrelation, which is INDOFOOD AGRI 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 INDOFOOD AGRI's stock expected returns. We can calculate the autocorrelation of INDOFOOD AGRI returns to help us make a trade decision. For example, suppose you find that INDOFOOD AGRI 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 |
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INDOFOOD AGRI 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 INDOFOOD AGRI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INDOFOOD AGRI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INDOFOOD AGRI stock over time.
Current vs Lagged Prices |
| Timeline |
INDOFOOD AGRI Lagged Returns
When evaluating INDOFOOD AGRI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INDOFOOD AGRI stock have on its future price. INDOFOOD AGRI 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, INDOFOOD AGRI autocorrelation shows the relationship between INDOFOOD AGRI stock current value and its past values and can show if there is a momentum factor associated with investing in INDOFOOD AGRI RES.
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.Other Information on Investing in INDOFOOD Stock
INDOFOOD AGRI financial ratios help investors to determine whether INDOFOOD 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 INDOFOOD with respect to the benefits of owning INDOFOOD AGRI security.