Eratex Djaja (Indonesia) Price on August 18, 2023
ERTX Stock | IDR 104.00 2.00 1.89% |
If you're considering investing in Eratex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eratex Djaja stands at 104.00, as last reported on the 13th of December 2024, with the highest price reaching 109.00 and the lowest price hitting 104.00 during the day. Eratex Djaja Tbk secures Sharpe Ratio (or Efficiency) of -0.0319, which denotes the company had a -0.0319% return per unit of standard deviation over the last 3 months. Eratex Djaja Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eratex Djaja's Standard Deviation of 5.24, coefficient of variation of (4,965), and Mean Deviation of 2.54 to check the risk estimate we provide.
Eratex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Eratex |
Sharpe Ratio = -0.0319
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Estimated Market Risk
5.33 actual daily | 47 53% of assets are more volatile |
Expected Return
-0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Eratex Djaja is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eratex Djaja by adding Eratex Djaja to a well-diversified portfolio.
Eratex Djaja Valuation on August 18, 2023
It is possible to determine the worth of Eratex Djaja on a given historical date. On August 18, 2023 Eratex was worth 322.0 at the beginning of the trading date compared to the closed value of 364.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eratex Djaja stock. Still, in general, we apply an absolute valuation method to find Eratex Djaja's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Eratex Djaja where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eratex Djaja's related companies.
Open | High | Low | Close | Volume | |
308.00 | 352.00 | 306.00 | 314.00 | 3,672,400 | |
08/18/2023 | 322.00 | 390.00 | 322.00 | 364.00 | 24,241,900 |
366.00 | 430.00 | 344.00 | 428.00 | 39,683,500 |
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Eratex Djaja Trading Date Momentum on August 18, 2023
On August 21 2023 Eratex Djaja Tbk was traded for 428.00 at the closing time. The highest price during the trading period was 430.00 and the lowest recorded bid was listed for 344.00 . The volume for the day was 39.7 M. This history from August 21, 2023 contributed to the next trading day price upswing. The overall trading delta to the next closing price was 17.58% . The overall trading delta to the current price is 9.34% . |
Eratex Djaja Tbk Fundamentals Correlations and Trends
By evaluating Eratex Djaja's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eratex Djaja's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eratex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eratex Djaja Stock history
Eratex Djaja investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eratex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eratex Djaja Tbk will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eratex Djaja stock prices may prove useful in developing a viable investing in Eratex Djaja
PT Eratex Djaja Tbk manufactures and sells garments in Indonesia and internationally. PT Eratex Djaja Tbk is a subsidiary of PT Buana Indah Garment. Eratex Djaja operates under Apparel Manufacturing classification in Indonesia and is traded on Jakarta Stock Exchange.
Eratex Djaja Stock Technical Analysis
Eratex Djaja technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Eratex Djaja Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Eratex Djaja Tbk cannot be verified against its exchange. Please verify the symbol is currently traded on Jakarta Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Eratex Djaja December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Eratex Djaja stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eratex Djaja shares will generate the highest return on investment. By undertsting and applying Eratex Djaja stock market strength indicators, traders can identify Eratex Djaja Tbk entry and exit signals to maximize returns
Eratex Djaja Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eratex Djaja's price direction in advance. Along with the technical and fundamental analysis of Eratex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eratex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.21) | |||
Total Risk Alpha | (0.85) | |||
Treynor Ratio | (0.12) |
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Other Information on Investing in Eratex Stock
Eratex Djaja financial ratios help investors to determine whether Eratex 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 Eratex with respect to the benefits of owning Eratex Djaja security.