Cikarang Listrindo (Indonesia) Market Value
| POWR Stock | IDR 655.00 5.00 0.76% |
| Symbol | Cikarang |
Cikarang Listrindo '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 Cikarang Listrindo'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 Cikarang Listrindo.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Cikarang Listrindo on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Cikarang Listrindo Tbk or generate 0.0% return on investment in Cikarang Listrindo over 90 days. Cikarang Listrindo is related to or competes with Puradelta Lestari, Mitra Pinasthika, Wijaya Karya, PT Sarana, and Sido Muncul. More
Cikarang Listrindo 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 Cikarang Listrindo'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 Cikarang Listrindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.056 | |||
| Maximum Drawdown | 4.55 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.41 |
Cikarang Listrindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cikarang Listrindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cikarang Listrindo's standard deviation. In reality, there are many statistical measures that can use Cikarang Listrindo historical prices to predict the future Cikarang Listrindo's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0643 | |||
| Treynor Ratio | 0.398 |
Cikarang Listrindo Tbk Backtested Returns
Cikarang Listrindo Tbk secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11 % return per unit of risk over the last 3 months. Cikarang Listrindo Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cikarang Listrindo's Risk Adjusted Performance of (0.04), standard deviation of 0.9564, and Mean Deviation of 0.7262 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cikarang Listrindo are expected to decrease at a much lower rate. During the bear market, Cikarang Listrindo is likely to outperform the market. At this point, Cikarang Listrindo Tbk has a negative expected return of -0.11%. Please make sure to confirm Cikarang Listrindo's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Cikarang Listrindo Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Cikarang Listrindo Tbk has good predictability. Overlapping area represents the amount of predictability between Cikarang Listrindo time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Cikarang Listrindo Tbk price movement. The serial correlation of 0.67 indicates that around 67.0% of current Cikarang Listrindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 59.88 |
Cikarang Listrindo Tbk lagged returns against current returns
Autocorrelation, which is Cikarang Listrindo 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 Cikarang Listrindo's stock expected returns. We can calculate the autocorrelation of Cikarang Listrindo returns to help us make a trade decision. For example, suppose you find that Cikarang Listrindo 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 |
Cikarang Listrindo 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 Cikarang Listrindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cikarang Listrindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cikarang Listrindo stock over time.
Current vs Lagged Prices |
| Timeline |
Cikarang Listrindo Lagged Returns
When evaluating Cikarang Listrindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cikarang Listrindo stock have on its future price. Cikarang Listrindo 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, Cikarang Listrindo autocorrelation shows the relationship between Cikarang Listrindo stock current value and its past values and can show if there is a momentum factor associated with investing in Cikarang Listrindo Tbk.
Regressed Prices |
| Timeline |
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Cikarang Listrindo financial ratios help investors to determine whether Cikarang 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 Cikarang with respect to the benefits of owning Cikarang Listrindo security.