Apexindo Pratama (Indonesia) Market Value
| APEX Stock | IDR 134.00 1.00 0.75% |
| Symbol | Apexindo |
Apexindo Pratama '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 Apexindo Pratama'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 Apexindo Pratama.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Apexindo Pratama on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Apexindo Pratama Duta or generate 0.0% return on investment in Apexindo Pratama over 30 days. Apexindo Pratama is related to or competes with Berlian Laju, Astra Graphia, Citra Marga, Exploitasi Energi, and Energi Mega. PT Apexindo Pratama Duta Tbk provides onshore and offshore drilling services for oil and gas, geothermal, and coal bed m... More
Apexindo Pratama 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 Apexindo Pratama'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 Apexindo Pratama Duta upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 20.39 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.38 |
Apexindo Pratama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Apexindo Pratama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Apexindo Pratama's standard deviation. In reality, there are many statistical measures that can use Apexindo Pratama historical prices to predict the future Apexindo Pratama's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.62) |
Apexindo Pratama Duta Backtested Returns
Apexindo Pratama Duta secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Apexindo Pratama Duta exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Apexindo Pratama's mean deviation of 1.81, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Apexindo Pratama's returns are expected to increase less than the market. However, during the bear market, the loss of holding Apexindo Pratama is expected to be smaller as well. At this point, Apexindo Pratama Duta has a negative expected return of -0.28%. Please make sure to confirm Apexindo Pratama's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Apexindo Pratama Duta performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Apexindo Pratama Duta has below average predictability. Overlapping area represents the amount of predictability between Apexindo Pratama time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Apexindo Pratama Duta price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Apexindo Pratama price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 4.78 |
Apexindo Pratama Duta lagged returns against current returns
Autocorrelation, which is Apexindo Pratama 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 Apexindo Pratama's stock expected returns. We can calculate the autocorrelation of Apexindo Pratama returns to help us make a trade decision. For example, suppose you find that Apexindo Pratama 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 |
Apexindo Pratama 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 Apexindo Pratama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Apexindo Pratama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Apexindo Pratama stock over time.
Current vs Lagged Prices |
| Timeline |
Apexindo Pratama Lagged Returns
When evaluating Apexindo Pratama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Apexindo Pratama stock have on its future price. Apexindo Pratama 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, Apexindo Pratama autocorrelation shows the relationship between Apexindo Pratama stock current value and its past values and can show if there is a momentum factor associated with investing in Apexindo Pratama Duta.
Regressed Prices |
| Timeline |
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Apexindo Pratama financial ratios help investors to determine whether Apexindo 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 Apexindo with respect to the benefits of owning Apexindo Pratama security.