Indo Kordsa (Indonesia) Market Value
| BRAM Stock | IDR 5,925 25.00 0.42% |
| Symbol | Indo |
Indo Kordsa '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 Indo Kordsa'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 Indo Kordsa.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Indo Kordsa on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Indo Kordsa Tbk or generate 0.0% return on investment in Indo Kordsa over 90 days. Indo Kordsa is related to or competes with Goodyear Indonesia, Sepatu Bata, Indospring Tbk, Ever Shine, and Indorama Synthetics. PT Indo Kordsa Tbk manufactures, markets, and sells tire cord fabrics and yarn filaments in Indonesia, Thailand, Korea, ... More
Indo Kordsa 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 Indo Kordsa'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 Indo Kordsa Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.067 | |||
| Maximum Drawdown | 8.28 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.18 |
Indo Kordsa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Kordsa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Kordsa's standard deviation. In reality, there are many statistical measures that can use Indo Kordsa historical prices to predict the future Indo Kordsa's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.1371 | |||
| Treynor Ratio | (0.99) |
Indo Kordsa Tbk Backtested Returns
Indo Kordsa Tbk holds Efficiency (Sharpe) Ratio of -0.0104, which attests that the entity had a -0.0104 % return per unit of risk over the last 3 months. Indo Kordsa Tbk exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indo Kordsa's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.98), and Standard Deviation of 1.28 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0236, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indo Kordsa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indo Kordsa is expected to be smaller as well. At this point, Indo Kordsa Tbk has a negative expected return of -0.0133%. Please make sure to check out Indo Kordsa's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Indo Kordsa Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Indo Kordsa Tbk has very weak reverse predictability. Overlapping area represents the amount of predictability between Indo Kordsa time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Indo Kordsa Tbk price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Indo Kordsa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2085.05 |
Indo Kordsa Tbk lagged returns against current returns
Autocorrelation, which is Indo Kordsa 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 Indo Kordsa's stock expected returns. We can calculate the autocorrelation of Indo Kordsa returns to help us make a trade decision. For example, suppose you find that Indo Kordsa 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 |
Indo Kordsa 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 Indo Kordsa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Kordsa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Kordsa stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Kordsa Lagged Returns
When evaluating Indo Kordsa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Kordsa stock have on its future price. Indo Kordsa 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, Indo Kordsa autocorrelation shows the relationship between Indo Kordsa stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Kordsa Tbk.
Regressed Prices |
| Timeline |
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Indo Kordsa financial ratios help investors to determine whether Indo 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 Indo with respect to the benefits of owning Indo Kordsa security.