Indofood Sukses Makmur Stock Market Value
| PIFMY Stock | USD 18.95 0.05 0.26% |
| Symbol | Indofood |
Indofood Sukses '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 Sukses' pink sheet 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 Sukses.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Indofood Sukses on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Indofood Sukses Makmur or generate 0.0% return on investment in Indofood Sukses over 30 days. Indofood Sukses is related to or competes with Nichirei, Kellanova, Lancaster Colony, A2 Milk, Artisan Consumer, Avi, and Emmi AG. PT Indofood Sukses Makmur Tbk operates as a food solutions company in Indonesia and internationally More
Indofood Sukses 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 Sukses' pink sheet 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 Sukses Makmur upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.91 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.35 |
Indofood Sukses Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indofood Sukses' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indofood Sukses' standard deviation. In reality, there are many statistical measures that can use Indofood Sukses historical prices to predict the future Indofood Sukses' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indofood Sukses' 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.
Indofood Sukses Makmur Backtested Returns
Indofood Sukses Makmur holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Indofood Sukses Makmur exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indofood Sukses' Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.69), and Standard Deviation of 1.76 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indofood Sukses' returns are expected to increase less than the market. However, during the bear market, the loss of holding Indofood Sukses is expected to be smaller as well. Indofood Sukses Makmur has an expected return of -0.16%. Please make sure to check out Indofood Sukses value at risk, as well as the relationship between the rate of daily change and relative strength index , to decide if Indofood Sukses Makmur performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Indofood Sukses Makmur has very weak reverse predictability. Overlapping area represents the amount of predictability between Indofood Sukses time series from 25th of March 2024 to 9th of April 2024 and 9th of April 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 Indofood Sukses Makmur price movement. The serial correlation of -0.03 indicates that only 3.0% of current Indofood Sukses price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Indofood Sukses Makmur lagged returns against current returns
Autocorrelation, which is Indofood Sukses pink sheet'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 Sukses' pink sheet expected returns. We can calculate the autocorrelation of Indofood Sukses returns to help us make a trade decision. For example, suppose you find that Indofood Sukses has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Indofood Sukses 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 Sukses pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indofood Sukses pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indofood Sukses pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Indofood Sukses Lagged Returns
When evaluating Indofood Sukses' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indofood Sukses pink sheet have on its future price. Indofood Sukses 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 Sukses autocorrelation shows the relationship between Indofood Sukses pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Indofood Sukses Makmur.
Regressed Prices |
| Timeline |
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Check out Indofood Sukses Correlation, Indofood Sukses Volatility and Indofood Sukses Alpha and Beta module to complement your research on Indofood Sukses. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Indofood Pink Sheet analysis
When running Indofood Sukses' price analysis, check to measure Indofood Sukses' 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 Indofood Sukses is operating at the current time. Most of Indofood Sukses' value examination focuses on studying past and present price action to predict the probability of Indofood Sukses' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indofood Sukses' price. Additionally, you may evaluate how the addition of Indofood Sukses to your portfolios can decrease your overall portfolio volatility.
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Indofood Sukses technical pink sheet 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, pink sheet market cycles, or different charting patterns.