Alumindo Light (Indonesia) Market Value
| ALMI Stock | IDR 74.00 0.00 0.00% |
| Symbol | Alumindo |
Alumindo Light '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 Alumindo Light'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 Alumindo Light.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Alumindo Light on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Alumindo Light Metal or generate 0.0% return on investment in Alumindo Light over 30 days. Alumindo Light is related to or competes with Perusahaan Gas, Telkom Indonesia, Mitra Pinasthika, Jakarta Int, Indosterling Technomedia, Indosat Tbk, and Bank Negara. More
Alumindo Light 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 Alumindo Light'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 Alumindo Light Metal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.86 | |||
| Information Ratio | 0.012 | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 8.0 |
Alumindo Light Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alumindo Light's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alumindo Light's standard deviation. In reality, there are many statistical measures that can use Alumindo Light historical prices to predict the future Alumindo Light's volatility.| Risk Adjusted Performance | 0.0434 | |||
| Jensen Alpha | 0.2549 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | (0.29) |
Alumindo Light Metal Backtested Returns
Alumindo Light Metal secures Sharpe Ratio (or Efficiency) of -0.0012, which signifies that the company had a -0.0012% return per unit of risk over the last 3 months. Alumindo Light Metal exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Alumindo Light's Downside Deviation of 5.86, mean deviation of 2.63, and Risk Adjusted Performance of 0.0434 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Alumindo Light are expected to decrease at a much lower rate. During the bear market, Alumindo Light is likely to outperform the market. At this point, Alumindo Light Metal has a negative expected return of -0.0048%. Please make sure to confirm Alumindo Light's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Alumindo Light Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Alumindo Light Metal has no correlation between past and present. Overlapping area represents the amount of predictability between Alumindo Light time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Alumindo Light Metal price movement. The serial correlation of 0.0 indicates that just 0.0% of current Alumindo Light price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alumindo Light Metal lagged returns against current returns
Autocorrelation, which is Alumindo Light 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 Alumindo Light's stock expected returns. We can calculate the autocorrelation of Alumindo Light returns to help us make a trade decision. For example, suppose you find that Alumindo Light 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 |
Alumindo Light 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 Alumindo Light stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alumindo Light stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alumindo Light stock over time.
Current vs Lagged Prices |
| Timeline |
Alumindo Light Lagged Returns
When evaluating Alumindo Light's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alumindo Light stock have on its future price. Alumindo Light 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, Alumindo Light autocorrelation shows the relationship between Alumindo Light stock current value and its past values and can show if there is a momentum factor associated with investing in Alumindo Light Metal.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Alumindo Stock
Alumindo Light financial ratios help investors to determine whether Alumindo 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 Alumindo with respect to the benefits of owning Alumindo Light security.