Asuransi Jasa (Indonesia) Market Value
| ASJT Stock | IDR 116.00 2.00 1.75% |
| Symbol | Asuransi |
Asuransi Jasa '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 Asuransi Jasa'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 Asuransi Jasa.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Asuransi Jasa on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Asuransi Jasa Tania or generate 0.0% return on investment in Asuransi Jasa over 720 days. Asuransi Jasa is related to or competes with Asuransi Bintang, Asuransi Ramayana, Asuransi Harta, Asuransi Dayin, and Asuransi Bina. PT Asuransi Jasa Tania Tbk provides general insurance products and services in Indonesia More
Asuransi Jasa 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 Asuransi Jasa'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 Asuransi Jasa Tania upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.77 |
Asuransi Jasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Jasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Jasa's standard deviation. In reality, there are many statistical measures that can use Asuransi Jasa historical prices to predict the future Asuransi Jasa's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.3647 |
Asuransi Jasa Tania Backtested Returns
As of now, Asuransi Stock is very steady. Asuransi Jasa Tania secures Sharpe Ratio (or Efficiency) of 0.0164, which signifies that the company had a 0.0164% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asuransi Jasa Tania, which you can use to evaluate the volatility of the firm. Please confirm Asuransi Jasa's Mean Deviation of 1.04, downside deviation of 1.92, and Risk Adjusted Performance of 0.0176 to double-check if the risk estimate we provide is consistent with the expected return of 0.0275%. Asuransi Jasa has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0448, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asuransi Jasa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asuransi Jasa is expected to be smaller as well. Asuransi Jasa Tania right now shows a risk of 1.67%. Please confirm Asuransi Jasa Tania total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Asuransi Jasa Tania will be following its price patterns.
Auto-correlation | 0.35 |
Below average predictability
Asuransi Jasa Tania has below average predictability. Overlapping area represents the amount of predictability between Asuransi Jasa 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 Asuransi Jasa Tania price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Asuransi Jasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 12.41 |
Asuransi Jasa Tania lagged returns against current returns
Autocorrelation, which is Asuransi Jasa 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 Asuransi Jasa's stock expected returns. We can calculate the autocorrelation of Asuransi Jasa returns to help us make a trade decision. For example, suppose you find that Asuransi Jasa 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 |
Asuransi Jasa 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 Asuransi Jasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Jasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Jasa stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Jasa Lagged Returns
When evaluating Asuransi Jasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Jasa stock have on its future price. Asuransi Jasa 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, Asuransi Jasa autocorrelation shows the relationship between Asuransi Jasa stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Jasa Tania.
Regressed Prices |
| Timeline |
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Asuransi Jasa financial ratios help investors to determine whether Asuransi 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 Asuransi with respect to the benefits of owning Asuransi Jasa security.