IDX 30's market value is the price at which a share of IDX 30 trades on a public exchange. It measures the collective expectations of IDX 30 Jakarta investors about its performance. IDX 30 is listed for 438.73 as of the 30th of November 2024. This is a 2.01% down since the beginning of the trading day. The index's open price was 447.75. With this module, you can estimate the performance of a buy and hold strategy of IDX 30 Jakarta and determine expected loss or profit from investing in IDX 30 over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
IDX
IDX 30 '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 IDX 30's index 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 IDX 30.
0.00
06/03/2024
No Change 0.00
0.0
In 5 months and 30 days
11/30/2024
0.00
If you would invest 0.00 in IDX 30 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding IDX 30 Jakarta or generate 0.0% return on investment in IDX 30 over 180 days.
IDX 30 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 IDX 30's index 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 IDX 30 Jakarta upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDX 30's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDX 30's standard deviation. In reality, there are many statistical measures that can use IDX 30 historical prices to predict the future IDX 30's volatility.
IDX 30 Jakarta holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of standard deviation over the last 3 months. IDX 30 Jakarta exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and IDX 30 are completely uncorrelated.
Auto-correlation
-0.75
Almost perfect reverse predictability
IDX 30 Jakarta has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IDX 30 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 IDX 30 Jakarta price movement. The serial correlation of -0.75 indicates that around 75.0% of current IDX 30 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.75
Spearman Rank Test
-0.68
Residual Average
0.0
Price Variance
309.52
IDX 30 Jakarta lagged returns against current returns
Autocorrelation, which is IDX 30 index'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 IDX 30's index expected returns. We can calculate the autocorrelation of IDX 30 returns to help us make a trade decision. For example, suppose you find that IDX 30 has exhibited high autocorrelation historically, and you observe that the index 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
IDX 30 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 IDX 30 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDX 30 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDX 30 index over time.
Current vs Lagged Prices
Timeline
IDX 30 Lagged Returns
When evaluating IDX 30's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDX 30 index have on its future price. IDX 30 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, IDX 30 autocorrelation shows the relationship between IDX 30 index current value and its past values and can show if there is a momentum factor associated with investing in IDX 30 Jakarta.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.