PT Jasa (Germany) Market Value
| 0JM Stock | EUR 0.23 0.01 4.17% |
| Symbol | 0JM |
PT Jasa '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 PT Jasa'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 PT Jasa.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in PT Jasa on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding PT Jasa Marga or generate 0.0% return on investment in PT Jasa over 30 days. PT Jasa is related to or competes with Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. PT Jasa Marga Tbk develops, constructs, operates, manages, and maintains toll roads in Indonesia More
PT Jasa 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 PT Jasa'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 PT Jasa Marga upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 3.85 |
PT Jasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Jasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Jasa's standard deviation. In reality, there are many statistical measures that can use PT Jasa historical prices to predict the future PT Jasa's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.8318 |
PT Jasa Marga Backtested Returns
PT Jasa Marga retains Efficiency (Sharpe Ratio) of -0.0796, which implies the firm had a -0.0796% return per unit of price deviation over the last 3 months. PT Jasa exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Jasa's market risk adjusted performance of 0.8418, and Information Ratio of (0.11) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PT Jasa are expected to decrease at a much lower rate. During the bear market, PT Jasa is likely to outperform the market. At this point, PT Jasa Marga has a negative expected return of -0.21%. Please make sure to check PT Jasa's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if PT Jasa Marga performance from the past will be repeated at some future date.
Auto-correlation | 0.55 |
Modest predictability
PT Jasa Marga has modest predictability. Overlapping area represents the amount of predictability between PT Jasa time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 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 PT Jasa Marga price movement. The serial correlation of 0.55 indicates that about 55.0% of current PT Jasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Jasa Marga lagged returns against current returns
Autocorrelation, which is PT Jasa 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 PT Jasa's stock expected returns. We can calculate the autocorrelation of PT Jasa returns to help us make a trade decision. For example, suppose you find that PT Jasa 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 |
PT Jasa 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 PT Jasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Jasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Jasa stock over time.
Current vs Lagged Prices |
| Timeline |
PT Jasa Lagged Returns
When evaluating PT Jasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Jasa stock have on its future price. PT Jasa 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, PT Jasa autocorrelation shows the relationship between PT Jasa stock current value and its past values and can show if there is a momentum factor associated with investing in PT Jasa Marga.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 0JM Stock
PT Jasa financial ratios help investors to determine whether 0JM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 0JM with respect to the benefits of owning PT Jasa security.