Prasidha Aneka (Indonesia) Market Value
| PSDN Stock | IDR 81.00 2.00 2.41% |
| Symbol | Prasidha |
Prasidha Aneka '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 Prasidha Aneka'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 Prasidha Aneka.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Prasidha Aneka on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Prasidha Aneka Niaga or generate 0.0% return on investment in Prasidha Aneka over 540 days. Prasidha Aneka is related to or competes with Sekar Laut, Siantar Top, Pyridam Farma, Langgeng Makmur, and Multi Bintang. More
Prasidha Aneka 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 Prasidha Aneka'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 Prasidha Aneka Niaga upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.74 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.38 |
Prasidha Aneka Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prasidha Aneka's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prasidha Aneka's standard deviation. In reality, there are many statistical measures that can use Prasidha Aneka historical prices to predict the future Prasidha Aneka's volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.04) |
Prasidha Aneka Niaga Backtested Returns
Prasidha Aneka Niaga maintains Sharpe Ratio (i.e., Efficiency) of -0.0303, which implies the firm had a -0.0303% return per unit of risk over the last 3 months. Prasidha Aneka Niaga exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prasidha Aneka's Coefficient Of Variation of (28,510), variance of 2.65, and Risk Adjusted Performance of 0.0026 to confirm the risk estimate we provide. The company holds a Beta of 0.44, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prasidha Aneka's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prasidha Aneka is expected to be smaller as well. At this point, Prasidha Aneka Niaga has a negative expected return of -0.0463%. Please make sure to check Prasidha Aneka's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Prasidha Aneka Niaga performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Prasidha Aneka Niaga has very weak reverse predictability. Overlapping area represents the amount of predictability between Prasidha Aneka time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Prasidha Aneka Niaga price movement. The serial correlation of -0.01 indicates that just 1.0% of current Prasidha Aneka price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 45.22 |
Prasidha Aneka Niaga lagged returns against current returns
Autocorrelation, which is Prasidha Aneka 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 Prasidha Aneka's stock expected returns. We can calculate the autocorrelation of Prasidha Aneka returns to help us make a trade decision. For example, suppose you find that Prasidha Aneka 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 |
Prasidha Aneka 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 Prasidha Aneka stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prasidha Aneka stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prasidha Aneka stock over time.
Current vs Lagged Prices |
| Timeline |
Prasidha Aneka Lagged Returns
When evaluating Prasidha Aneka's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prasidha Aneka stock have on its future price. Prasidha Aneka 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, Prasidha Aneka autocorrelation shows the relationship between Prasidha Aneka stock current value and its past values and can show if there is a momentum factor associated with investing in Prasidha Aneka Niaga.
Regressed Prices |
| Timeline |
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Prasidha Aneka financial ratios help investors to determine whether Prasidha 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 Prasidha with respect to the benefits of owning Prasidha Aneka security.