PT Ketrosden (Indonesia) Market Value
| KETR Stock | 185.00 3.00 1.65% |
| Symbol | KETR |
PT Ketrosden '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 PT Ketrosden'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 PT Ketrosden.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in PT Ketrosden on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding PT Ketrosden Triasmitra or generate 0.0% return on investment in PT Ketrosden over 360 days. PT Ketrosden is related to or competes with Trinitan Metals, Alumindo Light, Optima Prima, Panin Financial, HK Metals, Merdeka Copper, and Smartfren Telecom. More
PT Ketrosden 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 PT Ketrosden'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 PT Ketrosden Triasmitra upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 44.46 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 1.65 |
PT Ketrosden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Ketrosden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Ketrosden's standard deviation. In reality, there are many statistical measures that can use PT Ketrosden historical prices to predict the future PT Ketrosden's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.13) |
PT Ketrosden Triasmitra Backtested Returns
PT Ketrosden Triasmitra retains Efficiency (Sharpe Ratio) of -0.0238, which implies the firm had a -0.0238% return per unit of price deviation over the last 3 months. PT Ketrosden exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Ketrosden's information ratio of (0.04), and Market Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.6, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PT Ketrosden's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Ketrosden is expected to be smaller as well. At this point, PT Ketrosden Triasmitra has a negative expected return of -0.12%. Please make sure to check PT Ketrosden's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if PT Ketrosden Triasmitra performance from the past will be repeated at some future date.
Auto-correlation | 0.40 |
Average predictability
PT Ketrosden Triasmitra has average predictability. Overlapping area represents the amount of predictability between PT Ketrosden time series from 20th of December 2023 to 17th of June 2024 and 17th of June 2024 to 14th 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 PT Ketrosden Triasmitra price movement. The serial correlation of 0.4 indicates that just about 40.0% of current PT Ketrosden price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 74.39 |
PT Ketrosden Triasmitra lagged returns against current returns
Autocorrelation, which is PT Ketrosden 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 PT Ketrosden's stock expected returns. We can calculate the autocorrelation of PT Ketrosden returns to help us make a trade decision. For example, suppose you find that PT Ketrosden 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 |
PT Ketrosden 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 PT Ketrosden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Ketrosden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Ketrosden stock over time.
Current vs Lagged Prices |
| Timeline |
PT Ketrosden Lagged Returns
When evaluating PT Ketrosden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Ketrosden stock have on its future price. PT Ketrosden 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, PT Ketrosden autocorrelation shows the relationship between PT Ketrosden stock current value and its past values and can show if there is a momentum factor associated with investing in PT Ketrosden Triasmitra.
Regressed Prices |
| Timeline |
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PT Ketrosden financial ratios help investors to determine whether KETR 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 KETR with respect to the benefits of owning PT Ketrosden security.