Fortune Indonesia (Indonesia) Market Value
| FORU Stock | IDR 1,005 135.00 11.84% |
| Symbol | Fortune |
Fortune Indonesia '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 Fortune Indonesia'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 Fortune Indonesia.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Fortune Indonesia on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fortune Indonesia Tbk or generate 0.0% return on investment in Fortune Indonesia over 90 days. Fortune Indonesia is related to or competes with Fast Food, Centratama Telekomunikasi, Sumber Alfaria, Bayu Buana, and Enseval Putra. PT Fortune Indonesia Tbk operates as an advertising agency in Indonesia More
Fortune Indonesia 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 Fortune Indonesia'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 Fortune Indonesia Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 50.0 | |||
| Value At Risk | (15.11) | |||
| Potential Upside | 7.06 |
Fortune Indonesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Indonesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Indonesia's standard deviation. In reality, there are many statistical measures that can use Fortune Indonesia historical prices to predict the future Fortune Indonesia's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (2.23) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | 1.31 |
Fortune Indonesia Tbk Backtested Returns
Fortune Indonesia Tbk secures Sharpe Ratio (or Efficiency) of -0.27, which denotes the company had a -0.27 % return per unit of risk over the last 3 months. Fortune Indonesia Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortune Indonesia's Variance of 52.9, standard deviation of 7.27, and Mean Deviation of 4.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.57, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Fortune Indonesia are expected to decrease by larger amounts. On the other hand, during market turmoil, Fortune Indonesia is expected to outperform it. At this point, Fortune Indonesia Tbk has a negative expected return of -1.99%. Please make sure to confirm Fortune Indonesia's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Fortune Indonesia Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Fortune Indonesia Tbk has virtually no predictability. Overlapping area represents the amount of predictability between Fortune Indonesia 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 Fortune Indonesia Tbk price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Fortune Indonesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 260.1 K |
Fortune Indonesia Tbk lagged returns against current returns
Autocorrelation, which is Fortune Indonesia 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 Fortune Indonesia's stock expected returns. We can calculate the autocorrelation of Fortune Indonesia returns to help us make a trade decision. For example, suppose you find that Fortune Indonesia 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 |
Fortune Indonesia 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 Fortune Indonesia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Indonesia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Indonesia stock over time.
Current vs Lagged Prices |
| Timeline |
Fortune Indonesia Lagged Returns
When evaluating Fortune Indonesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Indonesia stock have on its future price. Fortune Indonesia 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, Fortune Indonesia autocorrelation shows the relationship between Fortune Indonesia stock current value and its past values and can show if there is a momentum factor associated with investing in Fortune Indonesia Tbk.
Regressed Prices |
| Timeline |
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Fortune Indonesia financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Indonesia security.