Formosa Ingredient (Indonesia) Market Value
| BOBA Stock | 187.00 7.00 3.89% |
| Symbol | Formosa |
Formosa Ingredient '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 Formosa Ingredient'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 Formosa Ingredient.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Formosa Ingredient on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Formosa Ingredient Factory or generate 0.0% return on investment in Formosa Ingredient over 30 days. Formosa Ingredient is related to or competes with Cisarua Mountain, Jaya Swarasa, Garudafood Putra, Cisadane Sawit, and Panca Mitra. More
Formosa Ingredient 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 Formosa Ingredient'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 Formosa Ingredient Factory upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.0397 | |||
| Maximum Drawdown | 45.28 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 6.79 |
Formosa Ingredient Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa Ingredient's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formosa Ingredient's standard deviation. In reality, there are many statistical measures that can use Formosa Ingredient historical prices to predict the future Formosa Ingredient's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | 0.3094 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0616 | |||
| Treynor Ratio | 1.73 |
Formosa Ingredient Backtested Returns
Formosa Ingredient secures Sharpe Ratio (or Efficiency) of -0.0175, which denotes the company had a -0.0175% return per unit of risk over the last 3 months. Formosa Ingredient Factory exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Ingredient's Coefficient Of Variation of 1771.04, downside deviation of 3.84, and Mean Deviation of 2.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Formosa Ingredient's returns are expected to increase less than the market. However, during the bear market, the loss of holding Formosa Ingredient is expected to be smaller as well. At this point, Formosa Ingredient has a negative expected return of -0.0706%. Please make sure to confirm Formosa Ingredient's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Formosa Ingredient performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Formosa Ingredient Factory has modest reverse predictability. Overlapping area represents the amount of predictability between Formosa Ingredient time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Formosa Ingredient price movement. The serial correlation of -0.46 indicates that about 46.0% of current Formosa Ingredient price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 56.08 |
Formosa Ingredient lagged returns against current returns
Autocorrelation, which is Formosa Ingredient 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 Formosa Ingredient's stock expected returns. We can calculate the autocorrelation of Formosa Ingredient returns to help us make a trade decision. For example, suppose you find that Formosa Ingredient 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 |
Formosa Ingredient 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 Formosa Ingredient stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formosa Ingredient stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formosa Ingredient stock over time.
Current vs Lagged Prices |
| Timeline |
Formosa Ingredient Lagged Returns
When evaluating Formosa Ingredient's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formosa Ingredient stock have on its future price. Formosa Ingredient 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, Formosa Ingredient autocorrelation shows the relationship between Formosa Ingredient stock current value and its past values and can show if there is a momentum factor associated with investing in Formosa Ingredient Factory.
Regressed Prices |
| Timeline |
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Formosa Ingredient financial ratios help investors to determine whether Formosa 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 Formosa with respect to the benefits of owning Formosa Ingredient security.