Alumindo Light (Indonesia) Market Value
| ALMI Stock | IDR 74.00 0.00 0.00% |
| Symbol | Alumindo |
Alumindo Light '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 Alumindo Light'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 Alumindo Light.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Alumindo Light on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Alumindo Light Metal or generate 0.0% return on investment in Alumindo Light over 90 days. Alumindo Light is related to or competes with Asiaplast Industries, Argha Karya, Indal Aluminium, Alakasa Industrindo, and Asahimas Flat. More
Alumindo Light 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 Alumindo Light'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 Alumindo Light Metal upside and downside potential and time the market with a certain degree of confidence.
Alumindo Light Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alumindo Light's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alumindo Light's standard deviation. In reality, there are many statistical measures that can use Alumindo Light historical prices to predict the future Alumindo Light's volatility.Alumindo Light Metal Backtested Returns
We have found three technical indicators for Alumindo Light Metal, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Alumindo Light are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Alumindo Light Metal has no correlation between past and present. Overlapping area represents the amount of predictability between Alumindo Light time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alumindo Light Metal price movement. The serial correlation of 0.0 indicates that just 0.0% of current Alumindo Light price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alumindo Light Metal lagged returns against current returns
Autocorrelation, which is Alumindo Light 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 Alumindo Light's stock expected returns. We can calculate the autocorrelation of Alumindo Light returns to help us make a trade decision. For example, suppose you find that Alumindo Light 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 |
Alumindo Light 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 Alumindo Light stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alumindo Light stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alumindo Light stock over time.
Current vs Lagged Prices |
| Timeline |
Alumindo Light Lagged Returns
When evaluating Alumindo Light's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alumindo Light stock have on its future price. Alumindo Light 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, Alumindo Light autocorrelation shows the relationship between Alumindo Light stock current value and its past values and can show if there is a momentum factor associated with investing in Alumindo Light Metal.
Regressed Prices |
| Timeline |
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Alumindo Light financial ratios help investors to determine whether Alumindo 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 Alumindo with respect to the benefits of owning Alumindo Light security.