Eterindo Wahanatama (Indonesia) Market Value
| ETWA Stock | IDR 70.00 0.00 0.00% |
| Symbol | Eterindo |
Eterindo Wahanatama '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 Eterindo Wahanatama'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 Eterindo Wahanatama.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Eterindo Wahanatama on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Eterindo Wahanatama Tbk or generate 0.0% return on investment in Eterindo Wahanatama over 60 days. Eterindo Wahanatama is related to or competes with Tanah Laut, Indorama Synthetics, Fortune Mate, and Rig Tenders. PT Eterindo Wahanatama Tbk engages in the trading and distribution of biodiesel fatty acid methyl ester and other chemic... More
Eterindo Wahanatama 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 Eterindo Wahanatama'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 Eterindo Wahanatama Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 19.46 | |||
| Value At Risk | (7.23) | |||
| Potential Upside | 1.09 |
Eterindo Wahanatama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eterindo Wahanatama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eterindo Wahanatama's standard deviation. In reality, there are many statistical measures that can use Eterindo Wahanatama historical prices to predict the future Eterindo Wahanatama's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (2.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eterindo Wahanatama'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.
Eterindo Wahanatama Tbk Backtested Returns
Eterindo Wahanatama Tbk secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. Eterindo Wahanatama Tbk exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eterindo Wahanatama's Variance of 8.02, mean deviation of 1.46, and Standard Deviation of 2.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Eterindo Wahanatama's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eterindo Wahanatama is expected to be smaller as well. Eterindo Wahanatama Tbk has an expected return of -0.5%. Please make sure to confirm Eterindo Wahanatama Tbk variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Eterindo Wahanatama Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Eterindo Wahanatama Tbk has no correlation between past and present. Overlapping area represents the amount of predictability between Eterindo Wahanatama time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th 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 Eterindo Wahanatama Tbk price movement. The serial correlation of 0.0 indicates that just 0.0% of current Eterindo Wahanatama price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eterindo Wahanatama Tbk lagged returns against current returns
Autocorrelation, which is Eterindo Wahanatama 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 Eterindo Wahanatama's stock expected returns. We can calculate the autocorrelation of Eterindo Wahanatama returns to help us make a trade decision. For example, suppose you find that Eterindo Wahanatama 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 |
Eterindo Wahanatama 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 Eterindo Wahanatama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eterindo Wahanatama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eterindo Wahanatama stock over time.
Current vs Lagged Prices |
| Timeline |
Eterindo Wahanatama Lagged Returns
When evaluating Eterindo Wahanatama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eterindo Wahanatama stock have on its future price. Eterindo Wahanatama 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, Eterindo Wahanatama autocorrelation shows the relationship between Eterindo Wahanatama stock current value and its past values and can show if there is a momentum factor associated with investing in Eterindo Wahanatama Tbk.
Regressed Prices |
| Timeline |
Pair Trading with Eterindo Wahanatama
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 Eterindo Wahanatama 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 Eterindo Wahanatama will appreciate offsetting losses from the drop in the long position's value.Moving together with Eterindo Stock
| 0.79 | MDRN | Modern Internasional Tbk | PairCorr |
Moving against Eterindo Stock
| 0.82 | MCOL | Prima Andalan Mandiri | PairCorr |
The ability to find closely correlated positions to Eterindo Wahanatama could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eterindo Wahanatama 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 Eterindo Wahanatama - 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 Eterindo Wahanatama Tbk to buy it.
The correlation of Eterindo Wahanatama 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 Eterindo Wahanatama moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eterindo Wahanatama Tbk 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 Eterindo Wahanatama 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 Eterindo Wahanatama Correlation, Eterindo Wahanatama Volatility and Eterindo Wahanatama Alpha and Beta module to complement your research on Eterindo Wahanatama. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Eterindo Stock analysis
When running Eterindo Wahanatama's price analysis, check to measure Eterindo Wahanatama'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 Eterindo Wahanatama is operating at the current time. Most of Eterindo Wahanatama's value examination focuses on studying past and present price action to predict the probability of Eterindo Wahanatama's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eterindo Wahanatama's price. Additionally, you may evaluate how the addition of Eterindo Wahanatama to your portfolios can decrease your overall portfolio volatility.
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Eterindo Wahanatama 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.