Asuransi Kresna (Indonesia) Market Value
| ASMI Stock | IDR 11.00 1.00 10.00% |
| Symbol | Asuransi |
Asuransi Kresna '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 Kresna'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 Kresna.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Asuransi Kresna on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Asuransi Kresna Mitra or generate 0.0% return on investment in Asuransi Kresna over 390 days. Asuransi Kresna is related to or competes with Maskapai Reasuransi, Panin Sekuritas, Wahana Ottomitra, and Lenox Pasifik. PT Asuransi Kresna Mitra Tbk engages in general insurance and reinsurance business in Indonesia More
Asuransi Kresna 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 Kresna'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 Kresna Mitra upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.72 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
Asuransi Kresna Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Kresna's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Kresna's standard deviation. In reality, there are many statistical measures that can use Asuransi Kresna historical prices to predict the future Asuransi Kresna's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.3487 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | (0.45) |
Asuransi Kresna Mitra Backtested Returns
Asuransi Kresna appears to be slightly risky, given 3 months investment horizon. Asuransi Kresna Mitra secures Sharpe Ratio (or Efficiency) of 0.0553, which signifies that the company had a 0.0553% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asuransi Kresna Mitra, which you can use to evaluate the volatility of the firm. Please makes use of Asuransi Kresna's Downside Deviation of 8.72, risk adjusted performance of 0.0513, and Mean Deviation of 4.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asuransi Kresna holds a performance score of 4. The firm shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asuransi Kresna are expected to decrease at a much lower rate. During the bear market, Asuransi Kresna is likely to outperform the market. Please check Asuransi Kresna's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Asuransi Kresna's price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Asuransi Kresna Mitra has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Asuransi Kresna time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Kresna Mitra price movement. The serial correlation of -0.73 indicates that around 73.0% of current Asuransi Kresna price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 5.34 |
Asuransi Kresna Mitra lagged returns against current returns
Autocorrelation, which is Asuransi Kresna 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 Kresna's stock expected returns. We can calculate the autocorrelation of Asuransi Kresna returns to help us make a trade decision. For example, suppose you find that Asuransi Kresna 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 Kresna 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 Kresna stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Kresna stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Kresna stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Kresna Lagged Returns
When evaluating Asuransi Kresna's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Kresna stock have on its future price. Asuransi Kresna 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 Kresna autocorrelation shows the relationship between Asuransi Kresna stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Kresna Mitra.
Regressed Prices |
| Timeline |
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Asuransi Kresna 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 Kresna security.