Akasha Wira (Indonesia) Market Value
| ADES Stock | IDR 9,650 100.00 1.03% |
| Symbol | Akasha |
Akasha Wira '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 Akasha Wira'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 Akasha Wira.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Akasha Wira on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Akasha Wira International or generate 0.0% return on investment in Akasha Wira over 720 days. Akasha Wira is related to or competes with FKS Food, Wilmar Cahaya, Polychem Indonesia, Astra Graphia, and Astra Otoparts. PT Akasha Wira International Tbk manufactures and distributes bottled drinking water and cosmetic products in Indonesia ... More
Akasha Wira 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 Akasha Wira'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 Akasha Wira International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.34 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 3.28 |
Akasha Wira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akasha Wira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akasha Wira's standard deviation. In reality, there are many statistical measures that can use Akasha Wira historical prices to predict the future Akasha Wira's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | 0.0305 | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.0487 |
Akasha Wira International Backtested Returns
Akasha Wira International secures Sharpe Ratio (or Efficiency) of -0.0059, which signifies that the company had a -0.0059% return per unit of standard deviation over the last 3 months. Akasha Wira International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akasha Wira's risk adjusted performance of 0.0014, and Mean Deviation of 1.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Akasha Wira are expected to decrease at a much lower rate. During the bear market, Akasha Wira is likely to outperform the market. At this point, Akasha Wira International has a negative expected return of -0.0111%. Please make sure to confirm Akasha Wira's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Akasha Wira International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Akasha Wira International has average predictability. Overlapping area represents the amount of predictability between Akasha Wira time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Akasha Wira International price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Akasha Wira price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 269.9 K |
Akasha Wira International lagged returns against current returns
Autocorrelation, which is Akasha Wira 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 Akasha Wira's stock expected returns. We can calculate the autocorrelation of Akasha Wira returns to help us make a trade decision. For example, suppose you find that Akasha Wira 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 |
Akasha Wira 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 Akasha Wira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akasha Wira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akasha Wira stock over time.
Current vs Lagged Prices |
| Timeline |
Akasha Wira Lagged Returns
When evaluating Akasha Wira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akasha Wira stock have on its future price. Akasha Wira 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, Akasha Wira autocorrelation shows the relationship between Akasha Wira stock current value and its past values and can show if there is a momentum factor associated with investing in Akasha Wira International.
Regressed Prices |
| Timeline |
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Akasha Wira financial ratios help investors to determine whether Akasha 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 Akasha with respect to the benefits of owning Akasha Wira security.