Atlas Resources (Indonesia) Market Value
| ARII Stock | IDR 240.00 2.00 0.83% |
| Symbol | Atlas |
Atlas Resources '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 Atlas Resources' 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 Atlas Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Atlas Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Atlas Resources Tbk or generate 0.0% return on investment in Atlas Resources over 30 days. Atlas Resources is related to or competes with Mitrabahtera Segara, Weha Transportasi, Rig Tenders, and Rukun Raharja. More
Atlas Resources 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 Atlas Resources' 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 Atlas Resources Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.97 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 37.99 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 7.43 |
Atlas Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Resources' standard deviation. In reality, there are many statistical measures that can use Atlas Resources historical prices to predict the future Atlas Resources' volatility.| Risk Adjusted Performance | 0.0103 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0325 |
Atlas Resources Tbk Backtested Returns
Atlas Resources Tbk secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Atlas Resources Tbk exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Atlas Resources' Downside Deviation of 3.97, mean deviation of 2.69, and Risk Adjusted Performance of 0.0103 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0506, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Atlas Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Atlas Resources is expected to be smaller as well. At this point, Atlas Resources Tbk has a negative expected return of -0.52%. Please make sure to confirm Atlas Resources' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Atlas Resources Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Atlas Resources Tbk has poor predictability. Overlapping area represents the amount of predictability between Atlas Resources 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 Atlas Resources Tbk price movement. The serial correlation of 0.25 indicates that over 25.0% of current Atlas Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 8.84 |
Atlas Resources Tbk lagged returns against current returns
Autocorrelation, which is Atlas Resources 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 Atlas Resources' stock expected returns. We can calculate the autocorrelation of Atlas Resources returns to help us make a trade decision. For example, suppose you find that Atlas Resources 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 |
Atlas Resources 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 Atlas Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Resources Lagged Returns
When evaluating Atlas Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Resources stock have on its future price. Atlas Resources 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, Atlas Resources autocorrelation shows the relationship between Atlas Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Resources Tbk.
Regressed Prices |
| Timeline |
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Atlas Resources financial ratios help investors to determine whether Atlas 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 Atlas with respect to the benefits of owning Atlas Resources security.