Ginting Jaya (Indonesia) Market Value
| WOWS Stock | IDR 10.00 1.00 9.09% |
| Symbol | Ginting |
Ginting Jaya '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 Ginting Jaya'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 Ginting Jaya.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Ginting Jaya on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ginting Jaya Energi or generate 0.0% return on investment in Ginting Jaya over 30 days. Ginting Jaya is related to or competes with PT Cakra, PT Data, PAM Mineral, PT Jobubu, and PT Hatten. PT Ginting Jaya Energi Tbk, an oil and gas contracting company, engages in supporting oil and gas operations in Indonesi... More
Ginting Jaya 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 Ginting Jaya'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 Ginting Jaya Energi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.58) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (9.68) |
Ginting Jaya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ginting Jaya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ginting Jaya's standard deviation. In reality, there are many statistical measures that can use Ginting Jaya historical prices to predict the future Ginting Jaya's volatility.| Risk Adjusted Performance | (0.36) | |||
| Jensen Alpha | (2.35) | |||
| Total Risk Alpha | (2.62) | |||
| Treynor Ratio | (5.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ginting Jaya'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.
Ginting Jaya Energi Backtested Returns
Ginting Jaya Energi holds Efficiency (Sharpe) Ratio of -0.67, which attests that the entity had a -0.67% return per unit of risk over the last 3 months. Ginting Jaya Energi exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ginting Jaya's Standard Deviation of 4.08, risk adjusted performance of (0.36), and Market Risk Adjusted Performance of (5.90) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ginting Jaya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ginting Jaya is expected to be smaller as well. Ginting Jaya Energi has an expected return of -2.95%. Please make sure to check out Ginting Jaya treynor ratio, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Ginting Jaya Energi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.99 |
Perfect predictability
Ginting Jaya Energi has perfect predictability. Overlapping area represents the amount of predictability between Ginting Jaya time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Ginting Jaya Energi price movement. The serial correlation of 0.99 indicates that 99.0% of current Ginting Jaya price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Ginting Jaya Energi lagged returns against current returns
Autocorrelation, which is Ginting Jaya 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 Ginting Jaya's stock expected returns. We can calculate the autocorrelation of Ginting Jaya returns to help us make a trade decision. For example, suppose you find that Ginting Jaya 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 |
Ginting Jaya 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 Ginting Jaya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ginting Jaya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ginting Jaya stock over time.
Current vs Lagged Prices |
| Timeline |
Ginting Jaya Lagged Returns
When evaluating Ginting Jaya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ginting Jaya stock have on its future price. Ginting Jaya 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, Ginting Jaya autocorrelation shows the relationship between Ginting Jaya stock current value and its past values and can show if there is a momentum factor associated with investing in Ginting Jaya Energi.
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 Ginting Jaya 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, Ginting Jaya's short interest history, or implied volatility extrapolated from Ginting Jaya options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Ginting Jaya Correlation, Ginting Jaya Volatility and Ginting Jaya Alpha and Beta module to complement your research on Ginting Jaya. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Ginting Stock analysis
When running Ginting Jaya's price analysis, check to measure Ginting Jaya'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 Ginting Jaya is operating at the current time. Most of Ginting Jaya's value examination focuses on studying past and present price action to predict the probability of Ginting Jaya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ginting Jaya's price. Additionally, you may evaluate how the addition of Ginting Jaya to your portfolios can decrease your overall portfolio volatility.
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Ginting Jaya 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.