Argo Pantes (Indonesia) Market Value
| ARGO Stock | IDR 1,010 10.00 0.98% |
| Symbol | Argo |
Argo Pantes '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 Argo Pantes' 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 Argo Pantes.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Argo Pantes on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Argo Pantes Tbk or generate 0.0% return on investment in Argo Pantes over 390 days. Argo Pantes is related to or competes with Pembangunan Graha, Pembangunan Jaya, Hotel Sahid, Mitrabara Adiperdana, Bank Ina, Mitrabahtera Segara, and Putra Mandiri. PT Argo Pantes Tbk produces and sells various textile products primarily in Indonesia More
Argo Pantes 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 Argo Pantes' 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 Argo Pantes Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 12.69 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 4.48 |
Argo Pantes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argo Pantes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argo Pantes' standard deviation. In reality, there are many statistical measures that can use Argo Pantes historical prices to predict the future Argo Pantes' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | 1.43 |
Argo Pantes Tbk Backtested Returns
Argo Pantes Tbk secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Argo Pantes Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argo Pantes' mean deviation of 2.41, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Argo Pantes are expected to decrease at a much lower rate. During the bear market, Argo Pantes is likely to outperform the market. At this point, Argo Pantes Tbk has a negative expected return of -0.44%. Please make sure to confirm Argo Pantes' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Argo Pantes Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Argo Pantes Tbk has very weak reverse predictability. Overlapping area represents the amount of predictability between Argo Pantes time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Argo Pantes Tbk price movement. The serial correlation of -0.02 indicates that only 2.0% of current Argo Pantes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 52.3 K |
Argo Pantes Tbk lagged returns against current returns
Autocorrelation, which is Argo Pantes 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 Argo Pantes' stock expected returns. We can calculate the autocorrelation of Argo Pantes returns to help us make a trade decision. For example, suppose you find that Argo Pantes 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 |
Argo Pantes 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 Argo Pantes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Pantes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argo Pantes stock over time.
Current vs Lagged Prices |
| Timeline |
Argo Pantes Lagged Returns
When evaluating Argo Pantes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argo Pantes stock have on its future price. Argo Pantes 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, Argo Pantes autocorrelation shows the relationship between Argo Pantes stock current value and its past values and can show if there is a momentum factor associated with investing in Argo Pantes Tbk.
Regressed Prices |
| Timeline |
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Argo Pantes financial ratios help investors to determine whether Argo 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 Argo with respect to the benefits of owning Argo Pantes security.