Hoffmen Cleanindo (Indonesia) Market Value
| KING Stock | 155.00 6.00 3.73% |
| Symbol | Hoffmen |
Hoffmen Cleanindo '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 Hoffmen Cleanindo'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 Hoffmen Cleanindo.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Hoffmen Cleanindo on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Hoffmen Cleanindo or generate 0.0% return on investment in Hoffmen Cleanindo over 720 days.
Hoffmen Cleanindo 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 Hoffmen Cleanindo'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 Hoffmen Cleanindo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.95 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 3.09 |
Hoffmen Cleanindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoffmen Cleanindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoffmen Cleanindo's standard deviation. In reality, there are many statistical measures that can use Hoffmen Cleanindo historical prices to predict the future Hoffmen Cleanindo's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.32) |
Hoffmen Cleanindo Backtested Returns
Hoffmen Cleanindo holds Efficiency (Sharpe) Ratio of -0.0678, which attests that the entity had a -0.0678% return per unit of risk over the last 3 months. Hoffmen Cleanindo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoffmen Cleanindo's Market Risk Adjusted Performance of (0.31), standard deviation of 2.11, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hoffmen Cleanindo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoffmen Cleanindo is expected to be smaller as well. At this point, Hoffmen Cleanindo has a negative expected return of -0.14%. Please make sure to check out Hoffmen Cleanindo's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Hoffmen Cleanindo performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Hoffmen Cleanindo has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hoffmen Cleanindo time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Hoffmen Cleanindo price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Hoffmen Cleanindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 422.62 |
Hoffmen Cleanindo lagged returns against current returns
Autocorrelation, which is Hoffmen Cleanindo 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 Hoffmen Cleanindo's stock expected returns. We can calculate the autocorrelation of Hoffmen Cleanindo returns to help us make a trade decision. For example, suppose you find that Hoffmen Cleanindo 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 |
Hoffmen Cleanindo 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 Hoffmen Cleanindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoffmen Cleanindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoffmen Cleanindo stock over time.
Current vs Lagged Prices |
| Timeline |
Hoffmen Cleanindo Lagged Returns
When evaluating Hoffmen Cleanindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoffmen Cleanindo stock have on its future price. Hoffmen Cleanindo 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, Hoffmen Cleanindo autocorrelation shows the relationship between Hoffmen Cleanindo stock current value and its past values and can show if there is a momentum factor associated with investing in Hoffmen Cleanindo.
Regressed Prices |
| Timeline |
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