Gihon Telekomunikasi (Indonesia) Market Value
| GHON Stock | 1,650 10.00 0.61% |
| Symbol | Gihon |
Gihon Telekomunikasi '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 Gihon Telekomunikasi'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 Gihon Telekomunikasi.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Gihon Telekomunikasi on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Gihon Telekomunikasi Indonesia or generate 0.0% return on investment in Gihon Telekomunikasi over 720 days. Gihon Telekomunikasi is related to or competes with Mnc Land, MNC Vision, Link Net, and Medikaloka Hermina. More
Gihon Telekomunikasi 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 Gihon Telekomunikasi'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 Gihon Telekomunikasi Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.35 |
Gihon Telekomunikasi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gihon Telekomunikasi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gihon Telekomunikasi's standard deviation. In reality, there are many statistical measures that can use Gihon Telekomunikasi historical prices to predict the future Gihon Telekomunikasi's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.08) |
Gihon Telekomunikasi Backtested Returns
Gihon Telekomunikasi holds Efficiency (Sharpe) Ratio of -0.0439, which attests that the entity had a -0.0439% return per unit of risk over the last 3 months. Gihon Telekomunikasi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gihon Telekomunikasi's Market Risk Adjusted Performance of (0.07), risk adjusted performance of (0.01), and Standard Deviation of 1.29 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gihon Telekomunikasi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gihon Telekomunikasi is expected to be smaller as well. At this point, Gihon Telekomunikasi has a negative expected return of -0.0567%. Please make sure to check out Gihon Telekomunikasi's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Gihon Telekomunikasi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Gihon Telekomunikasi Indonesia has very weak predictability. Overlapping area represents the amount of predictability between Gihon Telekomunikasi time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 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 Gihon Telekomunikasi price movement. The serial correlation of 0.17 indicates that over 17.0% of current Gihon Telekomunikasi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2669.16 |
Gihon Telekomunikasi lagged returns against current returns
Autocorrelation, which is Gihon Telekomunikasi 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 Gihon Telekomunikasi's stock expected returns. We can calculate the autocorrelation of Gihon Telekomunikasi returns to help us make a trade decision. For example, suppose you find that Gihon Telekomunikasi 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 |
Gihon Telekomunikasi 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 Gihon Telekomunikasi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gihon Telekomunikasi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gihon Telekomunikasi stock over time.
Current vs Lagged Prices |
| Timeline |
Gihon Telekomunikasi Lagged Returns
When evaluating Gihon Telekomunikasi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gihon Telekomunikasi stock have on its future price. Gihon Telekomunikasi 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, Gihon Telekomunikasi autocorrelation shows the relationship between Gihon Telekomunikasi stock current value and its past values and can show if there is a momentum factor associated with investing in Gihon Telekomunikasi Indonesia.
Regressed Prices |
| Timeline |
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Gihon Telekomunikasi financial ratios help investors to determine whether Gihon 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 Gihon with respect to the benefits of owning Gihon Telekomunikasi security.