Prima Alloy (Indonesia) Market Value
| PRAS Stock | IDR 97.00 0.00 0.00% |
| Symbol | Prima |
Prima Alloy '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 Prima Alloy'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 Prima Alloy.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Prima Alloy on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Prima Alloy Steel or generate 0.0% return on investment in Prima Alloy over 180 days. Prima Alloy is related to or competes with Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, Indosat Tbk, Bank Negara, and PT Kusuma. Prima Alloy Steel Universal Tbk manufactures and sells aluminum alloy wheels in Indonesia More
Prima Alloy 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 Prima Alloy'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 Prima Alloy Steel upside and downside potential and time the market with a certain degree of confidence.
Prima Alloy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prima Alloy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prima Alloy's standard deviation. In reality, there are many statistical measures that can use Prima Alloy historical prices to predict the future Prima Alloy's volatility.Prima Alloy Steel Backtested Returns
We have found three technical indicators for Prima Alloy Steel, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Prima Alloy are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Prima Alloy Steel has no correlation between past and present. Overlapping area represents the amount of predictability between Prima Alloy time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Prima Alloy Steel price movement. The serial correlation of 0.0 indicates that just 0.0% of current Prima Alloy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Prima Alloy Steel lagged returns against current returns
Autocorrelation, which is Prima Alloy 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 Prima Alloy's stock expected returns. We can calculate the autocorrelation of Prima Alloy returns to help us make a trade decision. For example, suppose you find that Prima Alloy 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 |
Prima Alloy 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 Prima Alloy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prima Alloy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prima Alloy stock over time.
Current vs Lagged Prices |
| Timeline |
Prima Alloy Lagged Returns
When evaluating Prima Alloy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prima Alloy stock have on its future price. Prima Alloy 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, Prima Alloy autocorrelation shows the relationship between Prima Alloy stock current value and its past values and can show if there is a momentum factor associated with investing in Prima Alloy Steel.
Regressed Prices |
| Timeline |
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Prima Alloy financial ratios help investors to determine whether Prima 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 Prima with respect to the benefits of owning Prima Alloy security.