Asahimas Flat (Indonesia) Market Value
| AMFG Stock | IDR 5,650 125.00 2.16% |
| Symbol | Asahimas |
Asahimas Flat '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 Asahimas Flat'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 Asahimas Flat.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in Asahimas Flat on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding Asahimas Flat Glass or generate 0.0% return on investment in Asahimas Flat over 30 days. Asahimas Flat is related to or competes with Kawasan Industri, and Lautan Luas. PT Asahimas Flat Glass Tbk manufactures and sells flat glass and automotive glass products in Indonesia More
Asahimas Flat 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 Asahimas Flat'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 Asahimas Flat Glass upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 1.29 |
Asahimas Flat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asahimas Flat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asahimas Flat's standard deviation. In reality, there are many statistical measures that can use Asahimas Flat historical prices to predict the future Asahimas Flat's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asahimas Flat's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Asahimas Flat Glass Backtested Returns
Asahimas Flat Glass secures Sharpe Ratio (or Efficiency) of -0.0897, which signifies that the company had a -0.0897% return per unit of standard deviation over the last 3 months. Asahimas Flat Glass exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asahimas Flat's mean deviation of 0.4068, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0688, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asahimas Flat are expected to decrease at a much lower rate. During the bear market, Asahimas Flat is likely to outperform the market. Asahimas Flat Glass has an expected return of -0.0556%. Please make sure to confirm Asahimas Flat Glass coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Asahimas Flat Glass performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Asahimas Flat Glass has good reverse predictability. Overlapping area represents the amount of predictability between Asahimas Flat time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of April 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 Asahimas Flat Glass price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Asahimas Flat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2900.0 |
Asahimas Flat Glass lagged returns against current returns
Autocorrelation, which is Asahimas Flat 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 Asahimas Flat's stock expected returns. We can calculate the autocorrelation of Asahimas Flat returns to help us make a trade decision. For example, suppose you find that Asahimas Flat 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 |
Asahimas Flat 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 Asahimas Flat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asahimas Flat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asahimas Flat stock over time.
Current vs Lagged Prices |
| Timeline |
Asahimas Flat Lagged Returns
When evaluating Asahimas Flat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asahimas Flat stock have on its future price. Asahimas Flat 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, Asahimas Flat autocorrelation shows the relationship between Asahimas Flat stock current value and its past values and can show if there is a momentum factor associated with investing in Asahimas Flat Glass.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asahimas Flat in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asahimas Flat's short interest history, or implied volatility extrapolated from Asahimas Flat options trading.
Pair Trading with Asahimas Flat
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asahimas Flat position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asahimas Flat will appreciate offsetting losses from the drop in the long position's value.Moving against Asahimas Stock
| 0.45 | UNTR | United Tractors Tbk | PairCorr |
| 0.45 | INKP | Indah Kiat Pulp | PairCorr |
| 0.44 | ITMG | Indo Tambangraya Megah | PairCorr |
| 0.42 | BMRI | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Asahimas Flat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asahimas Flat when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asahimas Flat - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asahimas Flat Glass to buy it.
The correlation of Asahimas Flat is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asahimas Flat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asahimas Flat Glass moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asahimas Flat can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Asahimas Flat Correlation, Asahimas Flat Volatility and Asahimas Flat Alpha and Beta module to complement your research on Asahimas Flat. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Asahimas Stock analysis
When running Asahimas Flat's price analysis, check to measure Asahimas Flat's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asahimas Flat is operating at the current time. Most of Asahimas Flat's value examination focuses on studying past and present price action to predict the probability of Asahimas Flat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asahimas Flat's price. Additionally, you may evaluate how the addition of Asahimas Flat to your portfolios can decrease your overall portfolio volatility.
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Asahimas Flat technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.