Tigaraksa Satria (Indonesia) Market Value
| TGKA Stock | IDR 6,225 100.00 1.58% |
| Symbol | Tigaraksa |
Tigaraksa Satria '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 Tigaraksa Satria'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 Tigaraksa Satria.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Tigaraksa Satria on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Tigaraksa Satria Tbk or generate 0.0% return on investment in Tigaraksa Satria over 720 days. Tigaraksa Satria is related to or competes with Wicaksana Overseas, Wahana Pronatural, Millennium Pharmacon, and Tempo Inti. PT Tigaraksa Satria Tbk, together with its subsidiaries, engages in the sale and distribution of various consumer produc... More
Tigaraksa Satria 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 Tigaraksa Satria'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 Tigaraksa Satria Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.76 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.43 |
Tigaraksa Satria Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tigaraksa Satria's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tigaraksa Satria's standard deviation. In reality, there are many statistical measures that can use Tigaraksa Satria historical prices to predict the future Tigaraksa Satria's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.381 |
Tigaraksa Satria Tbk Backtested Returns
Tigaraksa Satria Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0336, which indicates the firm had a -0.0336% return per unit of risk over the last 3 months. Tigaraksa Satria Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tigaraksa Satria's Risk Adjusted Performance of (0.02), variance of 3.2, and Coefficient Of Variation of (2,977) to confirm the risk estimate we provide. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tigaraksa Satria are expected to decrease at a much lower rate. During the bear market, Tigaraksa Satria is likely to outperform the market. At this point, Tigaraksa Satria Tbk has a negative expected return of -0.0601%. Please make sure to validate Tigaraksa Satria's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Tigaraksa Satria Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Tigaraksa Satria Tbk has very weak predictability. Overlapping area represents the amount of predictability between Tigaraksa Satria time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Tigaraksa Satria Tbk price movement. The serial correlation of 0.19 indicates that over 19.0% of current Tigaraksa Satria price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 60.8 K |
Tigaraksa Satria Tbk lagged returns against current returns
Autocorrelation, which is Tigaraksa Satria 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 Tigaraksa Satria's stock expected returns. We can calculate the autocorrelation of Tigaraksa Satria returns to help us make a trade decision. For example, suppose you find that Tigaraksa Satria 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 |
Tigaraksa Satria 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 Tigaraksa Satria stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tigaraksa Satria stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tigaraksa Satria stock over time.
Current vs Lagged Prices |
| Timeline |
Tigaraksa Satria Lagged Returns
When evaluating Tigaraksa Satria's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tigaraksa Satria stock have on its future price. Tigaraksa Satria 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, Tigaraksa Satria autocorrelation shows the relationship between Tigaraksa Satria stock current value and its past values and can show if there is a momentum factor associated with investing in Tigaraksa Satria Tbk.
Regressed Prices |
| Timeline |
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Tigaraksa Satria financial ratios help investors to determine whether Tigaraksa 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 Tigaraksa with respect to the benefits of owning Tigaraksa Satria security.