Asahimas Flat (Indonesia) Market Value
| AMFG Stock | IDR 4,600 50.00 1.08% |
| Symbol | Asahimas |
Asahimas Flat '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 Asahimas Flat'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 Asahimas Flat.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Asahimas Flat on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Asahimas Flat Glass or generate 0.0% return on investment in Asahimas Flat over 30 days. Asahimas Flat is related to or competes with Matahari Department, Multi Medika, Visi Media, Bayan Resources, and Baramulti Suksessarana. PT Asahimas Flat Glass Tbk manufactures and sells flat glass and automotive glass products in Indonesia More
Asahimas Flat 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 Asahimas Flat'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 Asahimas Flat Glass upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.06 |
Asahimas Flat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asahimas Flat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asahimas Flat's standard deviation. In reality, there are many statistical measures that can use Asahimas Flat historical prices to predict the future Asahimas Flat's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 2.43 |
Asahimas Flat Glass Backtested Returns
Asahimas Flat Glass secures Sharpe Ratio (or Efficiency) of -0.0424, which signifies that the company had a -0.0424% return per unit of standard deviation over the last 3 months. Asahimas Flat Glass exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asahimas Flat's mean deviation of 0.3775, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0111, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asahimas Flat are expected to decrease at a much lower rate. During the bear market, Asahimas Flat is likely to outperform the market. At this point, Asahimas Flat Glass has a negative expected return of -0.031%. Please make sure to confirm Asahimas Flat's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Asahimas Flat Glass performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Asahimas Flat Glass has modest predictability. Overlapping area represents the amount of predictability between Asahimas Flat time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Asahimas Flat Glass price movement. The serial correlation of 0.5 indicates that about 50.0% of current Asahimas Flat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 504.0 |
Asahimas Flat Glass lagged returns against current returns
Autocorrelation, which is Asahimas Flat 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 Asahimas Flat's stock expected returns. We can calculate the autocorrelation of Asahimas Flat returns to help us make a trade decision. For example, suppose you find that Asahimas Flat 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 |
Asahimas Flat 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 Asahimas Flat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asahimas Flat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asahimas Flat stock over time.
Current vs Lagged Prices |
| Timeline |
Asahimas Flat Lagged Returns
When evaluating Asahimas Flat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asahimas Flat stock have on its future price. Asahimas Flat 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, Asahimas Flat autocorrelation shows the relationship between Asahimas Flat stock current value and its past values and can show if there is a momentum factor associated with investing in Asahimas Flat Glass.
Regressed Prices |
| Timeline |
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Asahimas Flat financial ratios help investors to determine whether Asahimas 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 Asahimas with respect to the benefits of owning Asahimas Flat security.