Astra International Tbk Stock Market Value
| PTAIY Stock | USD 6.22 0.02 0.32% |
| Symbol | Astra |
Astra International '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 Astra International's 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 Astra International.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Astra International on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Astra International Tbk or generate 0.0% return on investment in Astra International over 30 days. Astra International is related to or competes with Allison Transmission, Luminar Technologies, Lear, BorgWarner, Autoliv, Fox Factory, and LKQ. PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipm... More
Astra International 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 Astra International's 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 Astra International Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.25 | |||
| Value At Risk | (5.07) | |||
| Potential Upside | 3.32 |
Astra International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Astra International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Astra International's standard deviation. In reality, there are many statistical measures that can use Astra International historical prices to predict the future Astra International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (1.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Astra International'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.
Astra International Tbk Backtested Returns
Astra International Tbk secures Sharpe Ratio (or Efficiency) of -0.0089, which signifies that the company had a -0.0089% return per unit of risk over the last 3 months. Astra International Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Astra International's Risk Adjusted Performance of (0.03), mean deviation of 1.87, and Standard Deviation of 2.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Astra International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Astra International is expected to be smaller as well. Astra International Tbk has an expected return of -0.0203%. Please make sure to confirm Astra International Tbk value at risk and rate of daily change , to decide if Astra International Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Astra International Tbk has insignificant predictability. Overlapping area represents the amount of predictability between Astra International time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Astra International Tbk price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Astra International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Astra International Tbk lagged returns against current returns
Autocorrelation, which is Astra International 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 Astra International's pink sheet expected returns. We can calculate the autocorrelation of Astra International returns to help us make a trade decision. For example, suppose you find that Astra International 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 |
Astra International 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 Astra International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Astra International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Astra International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Astra International Lagged Returns
When evaluating Astra International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Astra International pink sheet have on its future price. Astra International 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, Astra International autocorrelation shows the relationship between Astra International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Astra International Tbk.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Astra International Tbk using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Astra International Correlation, Astra International Volatility and Astra International Alpha and Beta module to complement your research on Astra International. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Astra Pink Sheet analysis
When running Astra International's price analysis, check to measure Astra International'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 Astra International is operating at the current time. Most of Astra International's value examination focuses on studying past and present price action to predict the probability of Astra International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra International's price. Additionally, you may evaluate how the addition of Astra International to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
Astra International 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.