Roda Vivatex (Indonesia) Market Value
| RDTX Stock | IDR 14,500 500.00 3.57% |
| Symbol | Roda |
Roda Vivatex '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 Roda Vivatex'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 Roda Vivatex.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Roda Vivatex on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Roda Vivatex Tbk or generate 0.0% return on investment in Roda Vivatex over 390 days. Roda Vivatex is related to or competes with Modernland Realty, Jakarta Int, and Intiland Development. More
Roda Vivatex 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 Roda Vivatex'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 Roda Vivatex Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.45 |
Roda Vivatex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roda Vivatex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roda Vivatex's standard deviation. In reality, there are many statistical measures that can use Roda Vivatex historical prices to predict the future Roda Vivatex's volatility.| Risk Adjusted Performance | 0.0078 | |||
| Jensen Alpha | 0.0204 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0084 |
Roda Vivatex Tbk Backtested Returns
Roda Vivatex Tbk maintains Sharpe Ratio (i.e., Efficiency) of -0.0031, which implies the firm had a -0.0031% return per unit of risk over the last 3 months. Roda Vivatex Tbk exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roda Vivatex's Risk Adjusted Performance of 0.0078, coefficient of variation of 35166.55, and Semi Deviation of 1.2 to confirm the risk estimate we provide. The company holds a Beta of -0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Roda Vivatex are expected to decrease at a much lower rate. During the bear market, Roda Vivatex is likely to outperform the market. At this point, Roda Vivatex Tbk has a negative expected return of -0.0056%. Please make sure to check Roda Vivatex's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Roda Vivatex Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Roda Vivatex Tbk has weak reverse predictability. Overlapping area represents the amount of predictability between Roda Vivatex time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Roda Vivatex Tbk price movement. The serial correlation of -0.23 indicates that over 23.0% of current Roda Vivatex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 180.2 K |
Roda Vivatex Tbk lagged returns against current returns
Autocorrelation, which is Roda Vivatex 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 Roda Vivatex's stock expected returns. We can calculate the autocorrelation of Roda Vivatex returns to help us make a trade decision. For example, suppose you find that Roda Vivatex 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 |
Roda Vivatex 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 Roda Vivatex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roda Vivatex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roda Vivatex stock over time.
Current vs Lagged Prices |
| Timeline |
Roda Vivatex Lagged Returns
When evaluating Roda Vivatex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roda Vivatex stock have on its future price. Roda Vivatex 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, Roda Vivatex autocorrelation shows the relationship between Roda Vivatex stock current value and its past values and can show if there is a momentum factor associated with investing in Roda Vivatex Tbk.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Roda Stock
Roda Vivatex financial ratios help investors to determine whether Roda 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 Roda with respect to the benefits of owning Roda Vivatex security.