Jaya Trishindo (Indonesia) Market Value
| HELI Stock | 296.00 4.00 1.37% |
| Symbol | Jaya |
Jaya Trishindo '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 Jaya Trishindo'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 Jaya Trishindo.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Jaya Trishindo on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Jaya Trishindo Tbk or generate 0.0% return on investment in Jaya Trishindo over 30 days. Jaya Trishindo is related to or competes with Batavia Prosperindo, Guna Timur, Gihon Telekomunikasi, and PT Trimuda. More
Jaya Trishindo 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 Jaya Trishindo'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 Jaya Trishindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 34.05 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 7.74 |
Jaya Trishindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jaya Trishindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jaya Trishindo's standard deviation. In reality, there are many statistical measures that can use Jaya Trishindo historical prices to predict the future Jaya Trishindo's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.11) |
Jaya Trishindo Tbk Backtested Returns
Jaya Trishindo Tbk holds Efficiency (Sharpe) Ratio of -0.0294, which attests that the entity had a -0.0294% return per unit of risk over the last 3 months. Jaya Trishindo Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jaya Trishindo's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.1), and Standard Deviation of 4.67 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.49, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jaya Trishindo will likely underperform. At this point, Jaya Trishindo Tbk has a negative expected return of -0.14%. Please make sure to check out Jaya Trishindo's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Jaya Trishindo Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Jaya Trishindo Tbk has very good reverse predictability. Overlapping area represents the amount of predictability between Jaya Trishindo time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Jaya Trishindo Tbk price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Jaya Trishindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 32.2 |
Jaya Trishindo Tbk lagged returns against current returns
Autocorrelation, which is Jaya Trishindo 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 Jaya Trishindo's stock expected returns. We can calculate the autocorrelation of Jaya Trishindo returns to help us make a trade decision. For example, suppose you find that Jaya Trishindo 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 |
Jaya Trishindo 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 Jaya Trishindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jaya Trishindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jaya Trishindo stock over time.
Current vs Lagged Prices |
| Timeline |
Jaya Trishindo Lagged Returns
When evaluating Jaya Trishindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jaya Trishindo stock have on its future price. Jaya Trishindo 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, Jaya Trishindo autocorrelation shows the relationship between Jaya Trishindo stock current value and its past values and can show if there is a momentum factor associated with investing in Jaya Trishindo Tbk.
Regressed Prices |
| Timeline |
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Jaya Trishindo financial ratios help investors to determine whether Jaya 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 Jaya with respect to the benefits of owning Jaya Trishindo security.