PT Astra (Germany) Market Value

ASJA Stock  EUR 0.29  0.01  3.33%   
PT Astra's market value is the price at which a share of PT Astra trades on a public exchange. It measures the collective expectations of PT Astra International investors about its performance. PT Astra is trading at 0.29 as of the 14th of December 2024. This is a 3.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.29.
With this module, you can estimate the performance of a buy and hold strategy of PT Astra International and determine expected loss or profit from investing in PT Astra over a given investment horizon. Check out PT Astra Correlation, PT Astra Volatility and PT Astra Alpha and Beta module to complement your research on PT Astra.
Symbol

Please note, there is a significant difference between PT Astra's value and its price as these two are different measures arrived at by different means. Investors typically determine if PT Astra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PT Astra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

PT Astra '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 PT Astra'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 PT Astra.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in PT Astra on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding PT Astra International or generate 0.0% return on investment in PT Astra over 30 days. PT Astra is related to or competes with VARIOUS EATERIES, Siamgas, SEI INVESTMENTS, NAKED WINES, Virtus Investment, MGIC INVESTMENT, and EAT WELL. PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipm... More

PT Astra 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 PT Astra'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 PT Astra International upside and downside potential and time the market with a certain degree of confidence.

PT Astra Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Astra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Astra's standard deviation. In reality, there are many statistical measures that can use PT Astra historical prices to predict the future PT Astra's volatility.
Hype
Prediction
LowEstimatedHigh
0.010.294.60
Details
Intrinsic
Valuation
LowRealHigh
0.010.254.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PT Astra. Your research has to be compared to or analyzed against PT Astra's peers to derive any actionable benefits. When done correctly, PT Astra's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PT Astra International.

PT Astra International Backtested Returns

At this point, PT Astra is out of control. PT Astra International retains Efficiency (Sharpe Ratio) of 0.0212, which implies the firm had a 0.0212% return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for PT Astra, which you can use to evaluate the volatility of the company. Please check PT Astra's market risk adjusted performance of (0.24), and Information Ratio of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0913%. PT Astra has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0712, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT Astra's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Astra is expected to be smaller as well. PT Astra International at this moment owns a risk of 4.31%. Please check PT Astra International coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if PT Astra International will be following its current price history.

Auto-correlation

    
  -0.22  

Weak reverse predictability

PT Astra International has weak reverse predictability. Overlapping area represents the amount of predictability between PT Astra time series from 14th of November 2024 to 29th of November 2024 and 29th of November 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 PT Astra International price movement. The serial correlation of -0.22 indicates that over 22.0% of current PT Astra price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test0.09
Residual Average0.0
Price Variance0.0

PT Astra International lagged returns against current returns

Autocorrelation, which is PT Astra 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 PT Astra's stock expected returns. We can calculate the autocorrelation of PT Astra returns to help us make a trade decision. For example, suppose you find that PT Astra 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  

PT Astra 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 PT Astra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Astra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Astra stock over time.
   Current vs Lagged Prices   
       Timeline  

PT Astra Lagged Returns

When evaluating PT Astra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Astra stock have on its future price. PT Astra 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, PT Astra autocorrelation shows the relationship between PT Astra stock current value and its past values and can show if there is a momentum factor associated with investing in PT Astra International.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in ASJA Stock

PT Astra financial ratios help investors to determine whether ASJA 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 ASJA with respect to the benefits of owning PT Astra security.