Ever Shine (Indonesia) Market Value
| ESTI Stock | IDR 44.00 1.00 2.22% |
| Symbol | Ever |
Ever Shine '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 Ever Shine'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 Ever Shine.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ever Shine on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Ever Shine Textile or generate 0.0% return on investment in Ever Shine over 30 days. Ever Shine is related to or competes with Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, Indosat Tbk, Bank Negara, and PT Kusuma. More
Ever Shine 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 Ever Shine'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 Ever Shine Textile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.1116 | |||
| Maximum Drawdown | 15.77 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 7.89 |
Ever Shine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ever Shine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ever Shine's standard deviation. In reality, there are many statistical measures that can use Ever Shine historical prices to predict the future Ever Shine's volatility.| Risk Adjusted Performance | 0.1218 | |||
| Jensen Alpha | 0.5221 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1276 | |||
| Treynor Ratio | 4.04 |
Ever Shine Textile Backtested Returns
Ever Shine appears to be very steady, given 3 months investment horizon. Ever Shine Textile secures Sharpe Ratio (or Efficiency) of 0.094, which denotes the company had a 0.094% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ever Shine Textile, which you can use to evaluate the volatility of the firm. Please utilize Ever Shine's Coefficient Of Variation of 671.48, mean deviation of 2.89, and Downside Deviation of 3.22 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ever Shine holds a performance score of 7. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Ever Shine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ever Shine is expected to be smaller as well. Please check Ever Shine's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Ever Shine's price patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Ever Shine Textile has weak reverse predictability. Overlapping area represents the amount of predictability between Ever Shine time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Ever Shine Textile price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Ever Shine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
Ever Shine Textile lagged returns against current returns
Autocorrelation, which is Ever Shine 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 Ever Shine's stock expected returns. We can calculate the autocorrelation of Ever Shine returns to help us make a trade decision. For example, suppose you find that Ever Shine 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 |
Ever Shine 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 Ever Shine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ever Shine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ever Shine stock over time.
Current vs Lagged Prices |
| Timeline |
Ever Shine Lagged Returns
When evaluating Ever Shine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ever Shine stock have on its future price. Ever Shine 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, Ever Shine autocorrelation shows the relationship between Ever Shine stock current value and its past values and can show if there is a momentum factor associated with investing in Ever Shine Textile.
Regressed Prices |
| Timeline |
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Ever Shine financial ratios help investors to determine whether Ever 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 Ever with respect to the benefits of owning Ever Shine security.