Indo Kordsa (Indonesia) Market Value
| BRAM Stock | IDR 5,425 225.00 3.98% |
| Symbol | Indo |
Indo Kordsa '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 Indo Kordsa'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 Indo Kordsa.
| 05/09/2022 |
| 04/28/2024 |
If you would invest 0.00 in Indo Kordsa on May 9, 2022 and sell it all today you would earn a total of 0.00 from holding Indo Kordsa Tbk or generate 0.0% return on investment in Indo Kordsa over 720 days. Indo Kordsa is related to or competes with Hero Supermarket, Graha Layar, and Dyandra Media. PT Indo Kordsa Tbk manufactures, markets, and sells tire cord fabrics and yarn filaments in Indonesia, Thailand, Korea, ... More
Indo Kordsa 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 Indo Kordsa'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 Indo Kordsa Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.06 |
Indo Kordsa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Kordsa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Kordsa's standard deviation. In reality, there are many statistical measures that can use Indo Kordsa historical prices to predict the future Indo Kordsa's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.1731 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indo Kordsa'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.
Indo Kordsa Tbk Backtested Returns
Indo Kordsa Tbk holds Efficiency (Sharpe) Ratio of -0.0464, which attests that the entity had a -0.0464% return per unit of risk over the last 3 months. Indo Kordsa Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indo Kordsa's Market Risk Adjusted Performance of 0.1831, risk adjusted performance of (0.03), and Standard Deviation of 1.91 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Indo Kordsa are expected to decrease at a much lower rate. During the bear market, Indo Kordsa is likely to outperform the market. Indo Kordsa Tbk has an expected return of -0.0951%. Please make sure to check out Indo Kordsa mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Indo Kordsa Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Indo Kordsa Tbk has good predictability. Overlapping area represents the amount of predictability between Indo Kordsa time series from 9th of May 2022 to 4th of May 2023 and 4th of May 2023 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 Indo Kordsa Tbk price movement. The serial correlation of 0.75 indicates that around 75.0% of current Indo Kordsa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 282.5 K |
Indo Kordsa Tbk lagged returns against current returns
Autocorrelation, which is Indo Kordsa 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 Indo Kordsa's stock expected returns. We can calculate the autocorrelation of Indo Kordsa returns to help us make a trade decision. For example, suppose you find that Indo Kordsa 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 |
Indo Kordsa 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 Indo Kordsa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Kordsa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Kordsa stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Kordsa Lagged Returns
When evaluating Indo Kordsa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Kordsa stock have on its future price. Indo Kordsa 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, Indo Kordsa autocorrelation shows the relationship between Indo Kordsa stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Kordsa Tbk.
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 Indo Kordsa 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, Indo Kordsa's short interest history, or implied volatility extrapolated from Indo Kordsa options trading.
Pair Trading with Indo Kordsa
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 Indo Kordsa 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 Indo Kordsa will appreciate offsetting losses from the drop in the long position's value.Moving together with Indo Stock
| 0.68 | GTBO | Garda Tujuh Buana | PairCorr |
| 0.68 | OKAS | Ancora Indonesia Res | PairCorr |
The ability to find closely correlated positions to Indo Kordsa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indo Kordsa 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 Indo Kordsa - 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 Indo Kordsa Tbk to buy it.
The correlation of Indo Kordsa 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 Indo Kordsa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Indo Kordsa 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 Indo Kordsa 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 Indo Kordsa Correlation, Indo Kordsa Volatility and Indo Kordsa Alpha and Beta module to complement your research on Indo Kordsa. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Indo Stock analysis
When running Indo Kordsa's price analysis, check to measure Indo Kordsa'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 Indo Kordsa is operating at the current time. Most of Indo Kordsa's value examination focuses on studying past and present price action to predict the probability of Indo Kordsa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indo Kordsa's price. Additionally, you may evaluate how the addition of Indo Kordsa to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Indo Kordsa 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.