Akr Corporindo (Indonesia) Market Value
| AKRA Stock | IDR 1,230 5.00 0.41% |
| Symbol | Akr |
Akr Corporindo '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 Akr Corporindo'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 Akr Corporindo.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Akr Corporindo on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Akr Corporindo Tbk or generate 0.0% return on investment in Akr Corporindo over 180 days. Akr Corporindo is related to or competes with Charoen Pokphand, Indocement Tunggal, Bumi Serpong, Jasa Marga, and Semen Indonesia. More
Akr Corporindo 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 Akr Corporindo'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 Akr Corporindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.67 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 3.08 |
Akr Corporindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akr Corporindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akr Corporindo's standard deviation. In reality, there are many statistical measures that can use Akr Corporindo historical prices to predict the future Akr Corporindo's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.62) |
Akr Corporindo Tbk Backtested Returns
Akr Corporindo Tbk secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Akr Corporindo Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akr Corporindo's Mean Deviation of 1.57, risk adjusted performance of (0.1), and Standard Deviation of 2.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Akr Corporindo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akr Corporindo is expected to be smaller as well. At this point, Akr Corporindo Tbk has a negative expected return of -0.27%. Please make sure to confirm Akr Corporindo's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Akr Corporindo Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Akr Corporindo Tbk has weak predictability. Overlapping area represents the amount of predictability between Akr Corporindo time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Akr Corporindo Tbk price movement. The serial correlation of 0.23 indicates that over 23.0% of current Akr Corporindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 10.3 K |
Akr Corporindo Tbk lagged returns against current returns
Autocorrelation, which is Akr Corporindo 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 Akr Corporindo's stock expected returns. We can calculate the autocorrelation of Akr Corporindo returns to help us make a trade decision. For example, suppose you find that Akr Corporindo 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 |
Akr Corporindo 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 Akr Corporindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akr Corporindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akr Corporindo stock over time.
Current vs Lagged Prices |
| Timeline |
Akr Corporindo Lagged Returns
When evaluating Akr Corporindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akr Corporindo stock have on its future price. Akr Corporindo 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, Akr Corporindo autocorrelation shows the relationship between Akr Corporindo stock current value and its past values and can show if there is a momentum factor associated with investing in Akr Corporindo Tbk.
Regressed Prices |
| Timeline |
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Akr Corporindo financial ratios help investors to determine whether Akr 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 Akr with respect to the benefits of owning Akr Corporindo security.