Nippon Indosari (Indonesia) Market Value
| ROTI Stock | IDR 965.00 5.00 0.52% |
| Symbol | Nippon |
Nippon Indosari '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 Nippon Indosari'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 Nippon Indosari.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Nippon Indosari on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Indosari Corpindo or generate 0.0% return on investment in Nippon Indosari over 180 days. Nippon Indosari is related to or competes with Sariguna Primatirta, Ultra Jaya, Kino Indonesia, and Medikaloka Hermina. More
Nippon Indosari 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 Nippon Indosari'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 Nippon Indosari Corpindo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.57 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.5208 |
Nippon Indosari Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Indosari's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Indosari's standard deviation. In reality, there are many statistical measures that can use Nippon Indosari historical prices to predict the future Nippon Indosari's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.06 |
Nippon Indosari Corpindo Backtested Returns
Nippon Indosari Corpindo has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Nippon Indosari exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Indosari's Mean Deviation of 0.3317, standard deviation of 0.4596, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0668, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nippon Indosari are expected to decrease at a much lower rate. During the bear market, Nippon Indosari is likely to outperform the market. At this point, Nippon Indosari Corpindo has a negative expected return of -0.0476%. Please make sure to verify Nippon Indosari's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Nippon Indosari Corpindo performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Nippon Indosari Corpindo has modest reverse predictability. Overlapping area represents the amount of predictability between Nippon Indosari time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Nippon Indosari Corpindo price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Nippon Indosari price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 122.79 |
Nippon Indosari Corpindo lagged returns against current returns
Autocorrelation, which is Nippon Indosari 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 Nippon Indosari's stock expected returns. We can calculate the autocorrelation of Nippon Indosari returns to help us make a trade decision. For example, suppose you find that Nippon Indosari 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 |
Nippon Indosari 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 Nippon Indosari stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Indosari stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon Indosari stock over time.
Current vs Lagged Prices |
| Timeline |
Nippon Indosari Lagged Returns
When evaluating Nippon Indosari's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Indosari stock have on its future price. Nippon Indosari 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, Nippon Indosari autocorrelation shows the relationship between Nippon Indosari stock current value and its past values and can show if there is a momentum factor associated with investing in Nippon Indosari Corpindo.
Regressed Prices |
| Timeline |
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Nippon Indosari financial ratios help investors to determine whether Nippon 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 Nippon with respect to the benefits of owning Nippon Indosari security.