Krakatau Steel (Indonesia) Market Value
| KRAS Stock | IDR 106.00 1.00 0.95% |
| Symbol | Krakatau |
Krakatau Steel '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 Krakatau Steel'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 Krakatau Steel.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Krakatau Steel on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Krakatau Steel Persero or generate 0.0% return on investment in Krakatau Steel over 90 days. Krakatau Steel is related to or competes with Timah Persero, Garuda Indonesia, Jasa Marga, Semen Indonesia, and Bank Jabar. More
Krakatau Steel 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 Krakatau Steel'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 Krakatau Steel Persero upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.67 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.81 |
Krakatau Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Krakatau Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Krakatau Steel's standard deviation. In reality, there are many statistical measures that can use Krakatau Steel historical prices to predict the future Krakatau Steel's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | 0.1606 | |||
| Treynor Ratio | (0.52) |
Krakatau Steel Persero Backtested Returns
Krakatau Steel Persero has Sharpe Ratio of -0.053, which conveys that the firm had a -0.053 % return per unit of risk over the last 3 months. Krakatau Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Krakatau Steel's Mean Deviation of 1.8, risk adjusted performance of (0.04), and Standard Deviation of 2.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Krakatau Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Krakatau Steel is expected to be smaller as well. At this point, Krakatau Steel Persero has a negative expected return of -0.13%. Please make sure to verify Krakatau Steel's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Krakatau Steel Persero performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Krakatau Steel Persero has insignificant reverse predictability. Overlapping area represents the amount of predictability between Krakatau Steel 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 Krakatau Steel Persero price movement. The serial correlation of -0.18 indicates that over 18.0% of current Krakatau Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 27.37 |
Krakatau Steel Persero lagged returns against current returns
Autocorrelation, which is Krakatau Steel 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 Krakatau Steel's stock expected returns. We can calculate the autocorrelation of Krakatau Steel returns to help us make a trade decision. For example, suppose you find that Krakatau Steel 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 |
Krakatau Steel 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 Krakatau Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Krakatau Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Krakatau Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Krakatau Steel Lagged Returns
When evaluating Krakatau Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Krakatau Steel stock have on its future price. Krakatau Steel 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, Krakatau Steel autocorrelation shows the relationship between Krakatau Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Krakatau Steel Persero.
Regressed Prices |
| Timeline |
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Krakatau Steel financial ratios help investors to determine whether Krakatau 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 Krakatau with respect to the benefits of owning Krakatau Steel security.