PT Adaro (Germany) Market Value
| A64 Stock | EUR 0.17 0.01 6.25% |
| Symbol | A64 |
PT Adaro '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 PT Adaro'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 PT Adaro.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in PT Adaro on December 24, 2023 and sell it all today you would earn a total of 0.00 from holding PT Adaro Energy or generate 0.0% return on investment in PT Adaro over 360 days. PT Adaro is related to or competes with Goosehead Insurance, REVO INSURANCE, MSAD INSURANCE, United Insurance, Safety Insurance, Canadian Utilities, and WILLIS LEASE. PT Adaro Energy Tbk, together with its subsidiaries, engages in trading, hauling, services, industry, workshop, mining, ... More
PT Adaro 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 PT Adaro'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 PT Adaro Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 38.81 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 9.52 |
PT Adaro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Adaro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Adaro's standard deviation. In reality, there are many statistical measures that can use PT Adaro historical prices to predict the future PT Adaro's volatility.| Risk Adjusted Performance | 0.0045 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 1.1 |
PT Adaro Energy Backtested Returns
PT Adaro Energy retains Efficiency (Sharpe Ratio) of -0.0396, which implies the firm had a -0.0396% return per unit of price deviation over the last 3 months. PT Adaro exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Adaro's market risk adjusted performance of 1.11, and Information Ratio of (0.02) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0511, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PT Adaro are expected to decrease at a much lower rate. During the bear market, PT Adaro is likely to outperform the market. At this point, PT Adaro Energy has a negative expected return of -0.29%. Please make sure to check PT Adaro's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if PT Adaro Energy performance from the past will be repeated at some future date.
Auto-correlation | 0.45 |
Average predictability
PT Adaro Energy has average predictability. Overlapping area represents the amount of predictability between PT Adaro time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th 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 PT Adaro Energy price movement. The serial correlation of 0.45 indicates that just about 45.0% of current PT Adaro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Adaro Energy lagged returns against current returns
Autocorrelation, which is PT Adaro 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 PT Adaro's stock expected returns. We can calculate the autocorrelation of PT Adaro returns to help us make a trade decision. For example, suppose you find that PT Adaro 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 |
PT Adaro 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 PT Adaro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Adaro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Adaro stock over time.
Current vs Lagged Prices |
| Timeline |
PT Adaro Lagged Returns
When evaluating PT Adaro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Adaro stock have on its future price. PT Adaro 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, PT Adaro autocorrelation shows the relationship between PT Adaro stock current value and its past values and can show if there is a momentum factor associated with investing in PT Adaro Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in A64 Stock
PT Adaro financial ratios help investors to determine whether A64 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 A64 with respect to the benefits of owning PT Adaro security.