Kencana Energi (Indonesia) Market Value
| KEEN Stock | IDR 630.00 5.00 0.79% |
| Symbol | Kencana |
Kencana Energi '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 Kencana Energi'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 Kencana Energi.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Kencana Energi on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Kencana Energi Lestari or generate 0.0% return on investment in Kencana Energi over 90 days. Kencana Energi is related to or competes with PT Indonesia, Cikarang Listrindo, Jasa Armada, Pelita Samudera, and Resource Alam. PT Kencana Energi Lestari Tbk, together with its subsidiaries, operates as a renewable energy company in Indonesia More
Kencana Energi 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 Kencana Energi'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 Kencana Energi Lestari upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.0644 | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 1.61 |
Kencana Energi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kencana Energi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kencana Energi's standard deviation. In reality, there are many statistical measures that can use Kencana Energi historical prices to predict the future Kencana Energi's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.2767 | |||
| Sortino Ratio | 0.0708 | |||
| Treynor Ratio | (0.05) |
Kencana Energi Lestari Backtested Returns
As of now, Kencana Stock is very steady. Kencana Energi Lestari has Sharpe Ratio of 0.0165, which conveys that the firm had a 0.0165 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kencana Energi, which you can use to evaluate the volatility of the firm. Please verify Kencana Energi's Downside Deviation of 1.85, risk adjusted performance of 0.0194, and Mean Deviation of 1.3 to check out if the risk estimate we provide is consistent with the expected return of 0.0347%. Kencana Energi has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kencana Energi are expected to decrease at a much lower rate. During the bear market, Kencana Energi is likely to outperform the market. Kencana Energi Lestari right now secures a risk of 2.1%. Please verify Kencana Energi Lestari sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Kencana Energi Lestari will be following its current price movements.
Auto-correlation | -0.03 |
Very weak reverse predictability
Kencana Energi Lestari has very weak reverse predictability. Overlapping area represents the amount of predictability between Kencana Energi 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 Kencana Energi Lestari price movement. The serial correlation of -0.03 indicates that only 3.0% of current Kencana Energi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 97.81 |
Kencana Energi Lestari lagged returns against current returns
Autocorrelation, which is Kencana Energi 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 Kencana Energi's stock expected returns. We can calculate the autocorrelation of Kencana Energi returns to help us make a trade decision. For example, suppose you find that Kencana Energi 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 |
Kencana Energi 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 Kencana Energi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kencana Energi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kencana Energi stock over time.
Current vs Lagged Prices |
| Timeline |
Kencana Energi Lagged Returns
When evaluating Kencana Energi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kencana Energi stock have on its future price. Kencana Energi 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, Kencana Energi autocorrelation shows the relationship between Kencana Energi stock current value and its past values and can show if there is a momentum factor associated with investing in Kencana Energi Lestari.
Regressed Prices |
| Timeline |
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Kencana Energi financial ratios help investors to determine whether Kencana 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 Kencana with respect to the benefits of owning Kencana Energi security.