Delta Djakarta (Indonesia) Market Value
| DLTA Stock | IDR 2,100 100.00 4.55% |
| Symbol | Delta |
Delta Djakarta '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 Delta Djakarta'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 Delta Djakarta.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Delta Djakarta on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Delta Djakarta Tbk or generate 0.0% return on investment in Delta Djakarta over 90 days. Delta Djakarta is related to or competes with Multi Bintang, Wilmar Cahaya, Darya Varia, Akasha Wira, and Adira Dinamika. More
Delta Djakarta 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 Delta Djakarta'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 Delta Djakarta Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 1.88 |
Delta Djakarta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Djakarta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Djakarta's standard deviation. In reality, there are many statistical measures that can use Delta Djakarta historical prices to predict the future Delta Djakarta's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 16.25 |
Delta Djakarta Tbk Backtested Returns
Delta Djakarta Tbk secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Delta Djakarta Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Djakarta's Mean Deviation of 0.9899, standard deviation of 1.48, and Variance of 2.2 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0158, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delta Djakarta are expected to decrease at a much lower rate. During the bear market, Delta Djakarta is likely to outperform the market. At this point, Delta Djakarta Tbk has a negative expected return of -0.24%. Please make sure to confirm Delta Djakarta's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Delta Djakarta Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Delta Djakarta Tbk has average predictability. Overlapping area represents the amount of predictability between Delta Djakarta time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Delta Djakarta Tbk price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Delta Djakarta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2209.0 |
Delta Djakarta Tbk lagged returns against current returns
Autocorrelation, which is Delta Djakarta 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 Delta Djakarta's stock expected returns. We can calculate the autocorrelation of Delta Djakarta returns to help us make a trade decision. For example, suppose you find that Delta Djakarta 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 |
Delta Djakarta 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 Delta Djakarta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Djakarta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Djakarta stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Djakarta Lagged Returns
When evaluating Delta Djakarta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Djakarta stock have on its future price. Delta Djakarta 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, Delta Djakarta autocorrelation shows the relationship between Delta Djakarta stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Djakarta Tbk.
Regressed Prices |
| Timeline |
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Delta Djakarta financial ratios help investors to determine whether Delta 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 Delta with respect to the benefits of owning Delta Djakarta security.