Waskita Beton (Indonesia) Market Value
| WSBP Stock | IDR 17.00 1.00 5.56% |
| Symbol | Waskita |
Waskita Beton '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 Waskita Beton'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 Waskita Beton.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Waskita Beton on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Waskita Beton Precast or generate 0.0% return on investment in Waskita Beton over 180 days. Waskita Beton is related to or competes with Intermedia Capital, Bank Ocbc, Krakatau Steel, First Media, Alumindo Light, Hotel Sahid, and Steel Pipe. PT Waskita Beton Precast Tbk manufactures precast and ready mix concrete More
Waskita Beton 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 Waskita Beton'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 Waskita Beton Precast upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.7 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 8.33 |
Waskita Beton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waskita Beton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waskita Beton's standard deviation. In reality, there are many statistical measures that can use Waskita Beton historical prices to predict the future Waskita Beton's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.22) |
Waskita Beton Precast Backtested Returns
Waskita Beton Precast shows Sharpe Ratio of -0.12, which attests that the company had a -0.12% return per unit of risk over the last 3 months. Waskita Beton Precast exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Waskita Beton's Mean Deviation of 3.06, standard deviation of 4.35, and Market Risk Adjusted Performance of (0.21) to validate the risk estimate we provide. The firm maintains a market beta of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Waskita Beton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waskita Beton is expected to be smaller as well. At this point, Waskita Beton Precast has a negative expected return of -0.47%. Please make sure to check out Waskita Beton's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to decide if Waskita Beton Precast performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Waskita Beton Precast has good reverse predictability. Overlapping area represents the amount of predictability between Waskita Beton time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Waskita Beton Precast price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Waskita Beton price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 3.15 |
Waskita Beton Precast lagged returns against current returns
Autocorrelation, which is Waskita Beton 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 Waskita Beton's stock expected returns. We can calculate the autocorrelation of Waskita Beton returns to help us make a trade decision. For example, suppose you find that Waskita Beton 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 |
Waskita Beton 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 Waskita Beton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waskita Beton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waskita Beton stock over time.
Current vs Lagged Prices |
| Timeline |
Waskita Beton Lagged Returns
When evaluating Waskita Beton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waskita Beton stock have on its future price. Waskita Beton 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, Waskita Beton autocorrelation shows the relationship between Waskita Beton stock current value and its past values and can show if there is a momentum factor associated with investing in Waskita Beton Precast.
Regressed Prices |
| Timeline |
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Waskita Beton financial ratios help investors to determine whether Waskita 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 Waskita with respect to the benefits of owning Waskita Beton security.