Arkha Jayanti (Indonesia) Market Value
| ARKA Stock | IDR 15.00 1.00 7.14% |
| Symbol | Arkha |
Arkha Jayanti '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 Arkha Jayanti'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 Arkha Jayanti.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in Arkha Jayanti on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Arkha Jayanti Persada or generate 0.0% return on investment in Arkha Jayanti over 30 days. Arkha Jayanti is related to or competes with Berkah Prima, Jasnita Telekomindo, Darmi Bersaudara, Agro Yasa, and Communication Cable. PT Arkha Jayanti Persada Tbk provides solutions for parts and components More
Arkha Jayanti 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 Arkha Jayanti'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 Arkha Jayanti Persada upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (9.68) |
Arkha Jayanti Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arkha Jayanti's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arkha Jayanti's standard deviation. In reality, there are many statistical measures that can use Arkha Jayanti historical prices to predict the future Arkha Jayanti's volatility.| Risk Adjusted Performance | (0.27) | |||
| Jensen Alpha | (1.83) | |||
| Total Risk Alpha | (2.23) | |||
| Treynor Ratio | (1.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Arkha Jayanti'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.
Arkha Jayanti Persada Backtested Returns
Arkha Jayanti Persada secures Sharpe Ratio (or Efficiency) of -0.5, which signifies that the company had a -0.5% return per unit of risk over the last 3 months. Arkha Jayanti Persada exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Arkha Jayanti's Mean Deviation of 3.07, standard deviation of 3.9, and Risk Adjusted Performance of (0.27) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.19, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Arkha Jayanti will likely underperform. Arkha Jayanti Persada has an expected return of -2.11%. Please make sure to confirm Arkha Jayanti Persada information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to decide if Arkha Jayanti Persada performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Arkha Jayanti Persada has perfect predictability. Overlapping area represents the amount of predictability between Arkha Jayanti time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Arkha Jayanti Persada price movement. The serial correlation of 1.0 indicates that 100.0% of current Arkha Jayanti price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3.89 |
Arkha Jayanti Persada lagged returns against current returns
Autocorrelation, which is Arkha Jayanti 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 Arkha Jayanti's stock expected returns. We can calculate the autocorrelation of Arkha Jayanti returns to help us make a trade decision. For example, suppose you find that Arkha Jayanti 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 |
Arkha Jayanti 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 Arkha Jayanti stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arkha Jayanti stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arkha Jayanti stock over time.
Current vs Lagged Prices |
| Timeline |
Arkha Jayanti Lagged Returns
When evaluating Arkha Jayanti's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arkha Jayanti stock have on its future price. Arkha Jayanti 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, Arkha Jayanti autocorrelation shows the relationship between Arkha Jayanti stock current value and its past values and can show if there is a momentum factor associated with investing in Arkha Jayanti Persada.
Regressed Prices |
| Timeline |
Pair Trading with Arkha Jayanti
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 Arkha Jayanti 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 Arkha Jayanti will appreciate offsetting losses from the drop in the long position's value.Moving against Arkha Stock
| 0.83 | TKIM | Pabrik Kertas Tjiwi Earnings Call This Week | PairCorr |
| 0.78 | INKP | Indah Kiat Pulp | PairCorr |
| 0.73 | UNTR | United Tractors Tbk | PairCorr |
| 0.49 | BSSR | Baramulti Suksessarana | PairCorr |
The ability to find closely correlated positions to Arkha Jayanti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arkha Jayanti 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 Arkha Jayanti - 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 Arkha Jayanti Persada to buy it.
The correlation of Arkha Jayanti 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 Arkha Jayanti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arkha Jayanti Persada 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 Arkha Jayanti 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 Arkha Jayanti Correlation, Arkha Jayanti Volatility and Arkha Jayanti Alpha and Beta module to complement your research on Arkha Jayanti. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Arkha Stock analysis
When running Arkha Jayanti's price analysis, check to measure Arkha Jayanti'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 Arkha Jayanti is operating at the current time. Most of Arkha Jayanti's value examination focuses on studying past and present price action to predict the probability of Arkha Jayanti's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arkha Jayanti's price. Additionally, you may evaluate how the addition of Arkha Jayanti to your portfolios can decrease your overall portfolio volatility.
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Arkha Jayanti 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.