Pikko Land (Indonesia) Market Value
| RODA Stock | IDR 40.00 2.00 4.76% |
| Symbol | Pikko |
Pikko Land '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 Pikko Land'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 Pikko Land.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in Pikko Land on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Pikko Land Development or generate 0.0% return on investment in Pikko Land over 240 days. Pikko Land is related to or competes with Ristia Bintang, Suryamas Dutamakmur, Indonesia Prima, Pudjiadi Prestige, and Mnc Land. PT Pikko Land Development Tbk develops and sells real estate properties in Indonesia More
Pikko Land 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 Pikko Land'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 Pikko Land Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.88 | |||
| Value At Risk | (8.11) | |||
| Potential Upside | 8.57 |
Pikko Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pikko Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pikko Land's standard deviation. In reality, there are many statistical measures that can use Pikko Land historical prices to predict the future Pikko Land's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.07) |
Pikko Land Development Backtested Returns
Pikko Land appears to be not too volatile, given 3 months investment horizon. Pikko Land Development maintains Sharpe Ratio (i.e., Efficiency) of 0.0832, which implies the firm had a 0.0832% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Pikko Land Development, which you can use to evaluate the volatility of the company. Please evaluate Pikko Land's Variance of 19.6, coefficient of variation of (5,394), and Risk Adjusted Performance of (0.01) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pikko Land holds a performance score of 6. The company holds a Beta of 1.39, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pikko Land will likely underperform. Please check Pikko Land's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to make a quick decision on whether Pikko Land's historical price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Pikko Land Development has very weak reverse predictability. Overlapping area represents the amount of predictability between Pikko Land time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th 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 Pikko Land Development price movement. The serial correlation of -0.01 indicates that just 1.0% of current Pikko Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 32.02 |
Pikko Land Development lagged returns against current returns
Autocorrelation, which is Pikko Land 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 Pikko Land's stock expected returns. We can calculate the autocorrelation of Pikko Land returns to help us make a trade decision. For example, suppose you find that Pikko Land 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 |
Pikko Land 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 Pikko Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pikko Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pikko Land stock over time.
Current vs Lagged Prices |
| Timeline |
Pikko Land Lagged Returns
When evaluating Pikko Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pikko Land stock have on its future price. Pikko Land 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, Pikko Land autocorrelation shows the relationship between Pikko Land stock current value and its past values and can show if there is a momentum factor associated with investing in Pikko Land Development.
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 Pikko Stock
Pikko Land financial ratios help investors to determine whether Pikko 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 Pikko with respect to the benefits of owning Pikko Land security.