Trisula Textile (Indonesia) Market Value
| BELL Stock | IDR 62.00 1.00 1.59% |
| Symbol | Trisula |
Trisula Textile '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 Trisula Textile'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 Trisula Textile.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Trisula Textile on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Trisula Textile Industries or generate 0.0% return on investment in Trisula Textile over 720 days. Trisula Textile is related to or competes with Pembangunan Graha, Pembangunan Jaya, Hotel Sahid, Mitrabara Adiperdana, Bank Ina, Mitrabahtera Segara, and Putra Mandiri. PT Trisula Textile Industries Tbk produces and sells textile products in Indonesia More
Trisula Textile 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 Trisula Textile'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 Trisula Textile Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 35.07 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 3.33 |
Trisula Textile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trisula Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trisula Textile's standard deviation. In reality, there are many statistical measures that can use Trisula Textile historical prices to predict the future Trisula Textile's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.47) |
Trisula Textile Indu Backtested Returns
Trisula Textile Indu owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0547, which indicates the firm had a -0.0547% return per unit of risk over the last 3 months. Trisula Textile Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trisula Textile's Variance of 16.13, coefficient of variation of (1,506), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Trisula Textile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Trisula Textile is expected to be smaller as well. At this point, Trisula Textile Indu has a negative expected return of -0.22%. Please make sure to validate Trisula Textile's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Trisula Textile Indu performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Trisula Textile Industries has insignificant predictability. Overlapping area represents the amount of predictability between Trisula Textile time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Trisula Textile Indu price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Trisula Textile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 61.6 |
Trisula Textile Indu lagged returns against current returns
Autocorrelation, which is Trisula Textile 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 Trisula Textile's stock expected returns. We can calculate the autocorrelation of Trisula Textile returns to help us make a trade decision. For example, suppose you find that Trisula Textile 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 |
Trisula Textile 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 Trisula Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trisula Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trisula Textile stock over time.
Current vs Lagged Prices |
| Timeline |
Trisula Textile Lagged Returns
When evaluating Trisula Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trisula Textile stock have on its future price. Trisula Textile 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, Trisula Textile autocorrelation shows the relationship between Trisula Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Trisula Textile Industries.
Regressed Prices |
| Timeline |
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Trisula Textile financial ratios help investors to determine whether Trisula 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 Trisula with respect to the benefits of owning Trisula Textile security.