Indorama Synthetics (Indonesia) Market Value
| INDR Stock | IDR 2,770 100.00 3.75% |
| Symbol | Indorama |
Indorama Synthetics '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 Indorama Synthetics' 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 Indorama Synthetics.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Indorama Synthetics on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Indorama Synthetics Tbk or generate 0.0% return on investment in Indorama Synthetics over 180 days. Indorama Synthetics is related to or competes with Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, Indosat Tbk, Bank Negara, and PT Kusuma. Indo-Rama Synthetics Tbk, together with its subsidiaries, produces and sells polyester, spun yarns, and fabrics in Indon... More
Indorama Synthetics 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 Indorama Synthetics' 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 Indorama Synthetics Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.86 |
Indorama Synthetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indorama Synthetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indorama Synthetics' standard deviation. In reality, there are many statistical measures that can use Indorama Synthetics historical prices to predict the future Indorama Synthetics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (1.31) |
Indorama Synthetics Tbk Backtested Returns
Indorama Synthetics Tbk holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Indorama Synthetics Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indorama Synthetics' Risk Adjusted Performance of (0.06), market risk adjusted performance of (1.30), and Standard Deviation of 2.19 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indorama Synthetics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Indorama Synthetics is expected to be smaller as well. At this point, Indorama Synthetics Tbk has a negative expected return of -0.28%. Please make sure to check out Indorama Synthetics' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Indorama Synthetics Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Indorama Synthetics Tbk has weak reverse predictability. Overlapping area represents the amount of predictability between Indorama Synthetics time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Indorama Synthetics Tbk price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Indorama Synthetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 103.6 K |
Indorama Synthetics Tbk lagged returns against current returns
Autocorrelation, which is Indorama Synthetics 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 Indorama Synthetics' stock expected returns. We can calculate the autocorrelation of Indorama Synthetics returns to help us make a trade decision. For example, suppose you find that Indorama Synthetics 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 |
Indorama Synthetics 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 Indorama Synthetics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indorama Synthetics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indorama Synthetics stock over time.
Current vs Lagged Prices |
| Timeline |
Indorama Synthetics Lagged Returns
When evaluating Indorama Synthetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indorama Synthetics stock have on its future price. Indorama Synthetics 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, Indorama Synthetics autocorrelation shows the relationship between Indorama Synthetics stock current value and its past values and can show if there is a momentum factor associated with investing in Indorama Synthetics Tbk.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Indorama Stock
Indorama Synthetics financial ratios help investors to determine whether Indorama 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 Indorama with respect to the benefits of owning Indorama Synthetics security.