Indal Aluminium (Indonesia) Market Value
| INAI Stock | IDR 125.00 1.00 0.81% |
| Symbol | Indal |
Indal Aluminium '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 Indal Aluminium'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 Indal Aluminium.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Indal Aluminium on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Indal Aluminium Industry or generate 0.0% return on investment in Indal Aluminium over 30 days. Indal Aluminium is related to or competes with Kedaung Indah, Kabelindo Murni, Champion Pacific, Bhuwanatala Indah, Mitrabara Adiperdana, Bank Ina, and Mitrabahtera Segara. More
Indal Aluminium 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 Indal Aluminium'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 Indal Aluminium Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.18 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 3.7 |
Indal Aluminium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indal Aluminium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indal Aluminium's standard deviation. In reality, there are many statistical measures that can use Indal Aluminium historical prices to predict the future Indal Aluminium's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.8554 |
Indal Aluminium Industry Backtested Returns
Indal Aluminium Industry holds Efficiency (Sharpe) Ratio of -0.0873, which attests that the entity had a -0.0873% return per unit of risk over the last 3 months. Indal Aluminium Industry exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indal Aluminium's Risk Adjusted Performance of (0.05), market risk adjusted performance of 0.8654, and Standard Deviation of 2.56 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Indal Aluminium are expected to decrease at a much lower rate. During the bear market, Indal Aluminium is likely to outperform the market. At this point, Indal Aluminium Industry has a negative expected return of -0.23%. Please make sure to check out Indal Aluminium's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Indal Aluminium Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Indal Aluminium Industry has very weak reverse predictability. Overlapping area represents the amount of predictability between Indal Aluminium time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Indal Aluminium Industry price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Indal Aluminium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5.21 |
Indal Aluminium Industry lagged returns against current returns
Autocorrelation, which is Indal Aluminium 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 Indal Aluminium's stock expected returns. We can calculate the autocorrelation of Indal Aluminium returns to help us make a trade decision. For example, suppose you find that Indal Aluminium 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 |
Indal Aluminium 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 Indal Aluminium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indal Aluminium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indal Aluminium stock over time.
Current vs Lagged Prices |
| Timeline |
Indal Aluminium Lagged Returns
When evaluating Indal Aluminium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indal Aluminium stock have on its future price. Indal Aluminium 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, Indal Aluminium autocorrelation shows the relationship between Indal Aluminium stock current value and its past values and can show if there is a momentum factor associated with investing in Indal Aluminium Industry.
Regressed Prices |
| Timeline |
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Indal Aluminium financial ratios help investors to determine whether Indal 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 Indal with respect to the benefits of owning Indal Aluminium security.