Asuransi Dayin (Indonesia) Market Value
| ASDM Stock | IDR 492.00 6.00 1.20% |
| Symbol | Asuransi |
Asuransi Dayin '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 Asuransi Dayin'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 Asuransi Dayin.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Asuransi Dayin on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Dayin Mitra or generate 0.0% return on investment in Asuransi Dayin over 30 days. Asuransi Dayin is related to or competes with Asuransi Bintang, Asuransi Bina, Asuransi Ramayana, Asuransi Harta, and Asuransi Jasa. PT Asuransi Dayin Mitra Tbk provides general insurance products and services More
Asuransi Dayin 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 Asuransi Dayin'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 Asuransi Dayin Mitra upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.64 |
Asuransi Dayin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Dayin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Dayin's standard deviation. In reality, there are many statistical measures that can use Asuransi Dayin historical prices to predict the future Asuransi Dayin's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.15) |
Asuransi Dayin Mitra Backtested Returns
Asuransi Dayin Mitra secures Sharpe Ratio (or Efficiency) of -0.0204, which signifies that the company had a -0.0204% return per unit of risk over the last 3 months. Asuransi Dayin Mitra exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Dayin's Standard Deviation of 1.06, mean deviation of 0.8042, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asuransi Dayin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asuransi Dayin is expected to be smaller as well. At this point, Asuransi Dayin Mitra has a negative expected return of -0.0206%. Please make sure to confirm Asuransi Dayin's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Asuransi Dayin Mitra performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Asuransi Dayin Mitra has good reverse predictability. Overlapping area represents the amount of predictability between Asuransi Dayin time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Asuransi Dayin Mitra price movement. The serial correlation of -0.52 indicates that about 52.0% of current Asuransi Dayin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 14.88 |
Asuransi Dayin Mitra lagged returns against current returns
Autocorrelation, which is Asuransi Dayin 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 Asuransi Dayin's stock expected returns. We can calculate the autocorrelation of Asuransi Dayin returns to help us make a trade decision. For example, suppose you find that Asuransi Dayin 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 |
Asuransi Dayin 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 Asuransi Dayin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Dayin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Dayin stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Dayin Lagged Returns
When evaluating Asuransi Dayin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Dayin stock have on its future price. Asuransi Dayin 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, Asuransi Dayin autocorrelation shows the relationship between Asuransi Dayin stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Dayin Mitra.
Regressed Prices |
| Timeline |
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Asuransi Dayin financial ratios help investors to determine whether Asuransi 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 Asuransi with respect to the benefits of owning Asuransi Dayin security.