Pikko Land (Indonesia) Market Value
| RODA Stock | IDR 40.00 1.00 2.56% |
| Symbol | Pikko |
Pikko Land '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 Pikko Land'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 Pikko Land.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Pikko Land on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Pikko Land Development or generate 0.0% return on investment in Pikko Land over 360 days. Pikko Land is related to or competes with Ristia Bintang, Suryamas Dutamakmur, Indonesia Prima, Pudjiadi Prestige, and Mnc Land. PT Pikko Land Development Tbk develops and sells real estate properties in Indonesia More
Pikko Land 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 Pikko Land'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 Pikko Land Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.88 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 8.57 |
Pikko Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pikko Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pikko Land's standard deviation. In reality, there are many statistical measures that can use Pikko Land historical prices to predict the future Pikko Land's volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (0.11) |
Pikko Land Development Backtested Returns
Pikko Land Development maintains Sharpe Ratio (i.e., Efficiency) of -0.037, which implies the firm had a -0.037% return per unit of risk over the last 3 months. Pikko Land Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pikko Land's Variance of 19.25, risk adjusted performance of (0.0009), and Coefficient Of Variation of (8,335) to confirm the risk estimate we provide. The company holds a Beta of 0.57, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pikko Land's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pikko Land is expected to be smaller as well. At this point, Pikko Land Development has a negative expected return of -0.16%. Please make sure to check Pikko Land's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Pikko Land Development performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Pikko Land Development has poor reverse predictability. Overlapping area represents the amount of predictability between Pikko Land time series from 8th of December 2023 to 5th of June 2024 and 5th of June 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 Pikko Land Development price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Pikko Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 73.93 |
Pikko Land Development lagged returns against current returns
Autocorrelation, which is Pikko Land 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 Pikko Land's stock expected returns. We can calculate the autocorrelation of Pikko Land returns to help us make a trade decision. For example, suppose you find that Pikko Land 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 |
Pikko Land 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 Pikko Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pikko Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pikko Land stock over time.
Current vs Lagged Prices |
| Timeline |
Pikko Land Lagged Returns
When evaluating Pikko Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pikko Land stock have on its future price. Pikko Land 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, Pikko Land autocorrelation shows the relationship between Pikko Land stock current value and its past values and can show if there is a momentum factor associated with investing in Pikko Land Development.
Regressed Prices |
| Timeline |
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Pikko Land financial ratios help investors to determine whether Pikko 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 Pikko with respect to the benefits of owning Pikko Land security.