Indofarma Tbk (Indonesia) Market Value
| INAF Stock | IDR 126.00 0.00 0.00% |
| Symbol | Indofarma |
Indofarma Tbk '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 Indofarma Tbk'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 Indofarma Tbk.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Indofarma Tbk on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Indofarma Tbk or generate 0.0% return on investment in Indofarma Tbk over 390 days. Indofarma Tbk is related to or competes with Mitra Keluarga, Siloam International, Sumber Alfaria, and Elang Mahkota. More
Indofarma Tbk 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 Indofarma Tbk'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 Indofarma Tbk upside and downside potential and time the market with a certain degree of confidence.
Indofarma Tbk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indofarma Tbk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indofarma Tbk's standard deviation. In reality, there are many statistical measures that can use Indofarma Tbk historical prices to predict the future Indofarma Tbk's volatility.Indofarma Tbk Backtested Returns
We have found three technical indicators for Indofarma Tbk, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Indofarma Tbk are completely uncorrelated.
Auto-correlation | 0.23 |
Weak predictability
Indofarma Tbk has weak predictability. Overlapping area represents the amount of predictability between Indofarma Tbk time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Indofarma Tbk price movement. The serial correlation of 0.23 indicates that over 23.0% of current Indofarma Tbk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 190.1 |
Indofarma Tbk lagged returns against current returns
Autocorrelation, which is Indofarma Tbk 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 Indofarma Tbk's stock expected returns. We can calculate the autocorrelation of Indofarma Tbk returns to help us make a trade decision. For example, suppose you find that Indofarma Tbk 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 |
Indofarma Tbk 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 Indofarma Tbk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indofarma Tbk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indofarma Tbk stock over time.
Current vs Lagged Prices |
| Timeline |
Indofarma Tbk Lagged Returns
When evaluating Indofarma Tbk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indofarma Tbk stock have on its future price. Indofarma Tbk 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, Indofarma Tbk autocorrelation shows the relationship between Indofarma Tbk stock current value and its past values and can show if there is a momentum factor associated with investing in Indofarma Tbk.
Regressed Prices |
| Timeline |
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Indofarma Tbk financial ratios help investors to determine whether Indofarma 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 Indofarma with respect to the benefits of owning Indofarma Tbk security.