Andira Agro (Indonesia) Market Value
| ANDI Stock | 5.00 1.00 16.67% |
| Symbol | Andira |
Andira Agro '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 Andira Agro'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 Andira Agro.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Andira Agro on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Andira Agro Tbk or generate 0.0% return on investment in Andira Agro over 720 days. Andira Agro is related to or competes with Austindo Nusantara, Mahkota Group, Borneo Olah, Estika Tata, and Dewata Freight. More
Andira Agro 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 Andira Agro'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 Andira Agro Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 14.29 |
Andira Agro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andira Agro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andira Agro's standard deviation. In reality, there are many statistical measures that can use Andira Agro historical prices to predict the future Andira Agro's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (1.45) | |||
| Treynor Ratio | (0.16) |
Andira Agro Tbk Backtested Returns
Andira Agro Tbk secures Sharpe Ratio (or Efficiency) of -0.0973, which signifies that the company had a -0.0973% return per unit of standard deviation over the last 3 months. Andira Agro Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Andira Agro's mean deviation of 4.23, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.71, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Andira Agro will likely underperform. At this point, Andira Agro Tbk has a negative expected return of -0.68%. Please make sure to confirm Andira Agro's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Andira Agro Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Andira Agro Tbk has no correlation between past and present. Overlapping area represents the amount of predictability between Andira Agro time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Andira Agro Tbk price movement. The serial correlation of 0.0 indicates that just 0.0% of current Andira Agro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 380.96 |
Andira Agro Tbk lagged returns against current returns
Autocorrelation, which is Andira Agro 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 Andira Agro's stock expected returns. We can calculate the autocorrelation of Andira Agro returns to help us make a trade decision. For example, suppose you find that Andira Agro 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 |
Andira Agro 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 Andira Agro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andira Agro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andira Agro stock over time.
Current vs Lagged Prices |
| Timeline |
Andira Agro Lagged Returns
When evaluating Andira Agro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andira Agro stock have on its future price. Andira Agro 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, Andira Agro autocorrelation shows the relationship between Andira Agro stock current value and its past values and can show if there is a momentum factor associated with investing in Andira Agro Tbk.
Regressed Prices |
| Timeline |
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Andira Agro financial ratios help investors to determine whether Andira 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 Andira with respect to the benefits of owning Andira Agro security.