Xl Axiata Tbk Stock Market Value
| PTXKY Stock | USD 2.76 0.05 1.78% |
| Symbol | PTXKY |
XL Axiata '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 XL Axiata's pink sheet 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 XL Axiata.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in XL Axiata on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding XL Axiata Tbk or generate 0.0% return on investment in XL Axiata over 30 days. XL Axiata is related to or competes with MTN Group, Vodacom Group, Telenor ASA, KT, Tele2 AB, Telenor ASA, and TIM Participacoes. PT XL Axiata Tbk provides telecommunication, telecommunications network, and multimedia services for consumers and busin... More
XL Axiata 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 XL Axiata's pink sheet 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 XL Axiata Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (6.92) | |||
| Potential Upside | 7.17 |
XL Axiata Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XL Axiata's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XL Axiata's standard deviation. In reality, there are many statistical measures that can use XL Axiata historical prices to predict the future XL Axiata's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.0002) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 0.1035 |
XL Axiata Tbk Backtested Returns
XL Axiata Tbk retains Efficiency (Sharpe Ratio) of -0.0128, which attests that the company had a -0.0128% return per unit of price deviation over the last 3 months. XL Axiata exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XL Axiata's information ratio of (0.06), and Market Risk Adjusted Performance of 0.1135 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -1.32, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning XL Axiata are expected to decrease by larger amounts. On the other hand, during market turmoil, XL Axiata is expected to outperform it. At this point, XL Axiata Tbk has a negative expected return of -0.0528%. Please make sure to check out XL Axiata's total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if XL Axiata Tbk performance from the past will be repeated at some future date.
Auto-correlation | -0.27 |
Weak reverse predictability
XL Axiata Tbk has weak reverse predictability. Overlapping area represents the amount of predictability between XL Axiata time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 XL Axiata Tbk price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current XL Axiata price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
XL Axiata Tbk lagged returns against current returns
Autocorrelation, which is XL Axiata pink sheet'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 XL Axiata's pink sheet expected returns. We can calculate the autocorrelation of XL Axiata returns to help us make a trade decision. For example, suppose you find that XL Axiata has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
XL Axiata 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 XL Axiata pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XL Axiata pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XL Axiata pink sheet over time.
Current vs Lagged Prices |
| Timeline |
XL Axiata Lagged Returns
When evaluating XL Axiata's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XL Axiata pink sheet have on its future price. XL Axiata 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, XL Axiata autocorrelation shows the relationship between XL Axiata pink sheet current value and its past values and can show if there is a momentum factor associated with investing in XL Axiata Tbk.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for PTXKY Pink Sheet Analysis
When running XL Axiata's price analysis, check to measure XL Axiata's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XL Axiata is operating at the current time. Most of XL Axiata's value examination focuses on studying past and present price action to predict the probability of XL Axiata's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XL Axiata's price. Additionally, you may evaluate how the addition of XL Axiata to your portfolios can decrease your overall portfolio volatility.