Tira Austenite (Indonesia) Market Value
| TIRA Stock | IDR 492.00 12.00 2.50% |
| Symbol | Tira |
Tira Austenite '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 Tira Austenite'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 Tira Austenite.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Tira Austenite on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Tira Austenite Tbk or generate 0.0% return on investment in Tira Austenite over 720 days. Tira Austenite is related to or competes with Matahari Department, Multi Medika, Visi Media, Bayan Resources, and Baramulti Suksessarana. More
Tira Austenite 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 Tira Austenite'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 Tira Austenite Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.35 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 35.79 | |||
| Value At Risk | (8.82) | |||
| Potential Upside | 10.87 |
Tira Austenite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tira Austenite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tira Austenite's standard deviation. In reality, there are many statistical measures that can use Tira Austenite historical prices to predict the future Tira Austenite's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 0.6591 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0888 | |||
| Treynor Ratio | (1.37) |
Tira Austenite Tbk Backtested Returns
Tira Austenite appears to be very steady, given 3 months investment horizon. Tira Austenite Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Tira Austenite's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Tira Austenite's Risk Adjusted Performance of 0.0859, coefficient of variation of 990.34, and Semi Deviation of 4.07 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tira Austenite holds a performance score of 8. The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tira Austenite are expected to decrease at a much lower rate. During the bear market, Tira Austenite is likely to outperform the market. Please check Tira Austenite's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Tira Austenite's existing price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Tira Austenite Tbk has poor predictability. Overlapping area represents the amount of predictability between Tira Austenite time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 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 Tira Austenite Tbk price movement. The serial correlation of 0.25 indicates that over 25.0% of current Tira Austenite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2042.34 |
Tira Austenite Tbk lagged returns against current returns
Autocorrelation, which is Tira Austenite 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 Tira Austenite's stock expected returns. We can calculate the autocorrelation of Tira Austenite returns to help us make a trade decision. For example, suppose you find that Tira Austenite 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 |
Tira Austenite 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 Tira Austenite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tira Austenite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tira Austenite stock over time.
Current vs Lagged Prices |
| Timeline |
Tira Austenite Lagged Returns
When evaluating Tira Austenite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tira Austenite stock have on its future price. Tira Austenite 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, Tira Austenite autocorrelation shows the relationship between Tira Austenite stock current value and its past values and can show if there is a momentum factor associated with investing in Tira Austenite Tbk.
Regressed Prices |
| Timeline |
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Tira Austenite financial ratios help investors to determine whether Tira 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 Tira with respect to the benefits of owning Tira Austenite security.