Sunindo Adipersada (Indonesia) Market Value
| TOYS Stock | IDR 8.00 0.00 0.00% |
| Symbol | Sunindo |
Sunindo Adipersada '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 Sunindo Adipersada'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 Sunindo Adipersada.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Sunindo Adipersada on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Sunindo Adipersada Tbk or generate 0.0% return on investment in Sunindo Adipersada over 720 days. Sunindo Adipersada is related to or competes with MD Pictures, MNC Studios, MNC Vision, Digital Mediatama, and Garudafood Putra. PT Sunindo Adipersada Tbk manufactures and sells toys in Indonesia More
Sunindo Adipersada 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 Sunindo Adipersada'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 Sunindo Adipersada Tbk upside and downside potential and time the market with a certain degree of confidence.
Sunindo Adipersada Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunindo Adipersada's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunindo Adipersada's standard deviation. In reality, there are many statistical measures that can use Sunindo Adipersada historical prices to predict the future Sunindo Adipersada's volatility.Sunindo Adipersada Tbk Backtested Returns
We have found three technical indicators for Sunindo Adipersada Tbk, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sunindo Adipersada are completely uncorrelated.
Auto-correlation | 0.76 |
Good predictability
Sunindo Adipersada Tbk has good predictability. Overlapping area represents the amount of predictability between Sunindo Adipersada 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 Sunindo Adipersada Tbk price movement. The serial correlation of 0.76 indicates that around 76.0% of current Sunindo Adipersada price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 394.12 |
Sunindo Adipersada Tbk lagged returns against current returns
Autocorrelation, which is Sunindo Adipersada 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 Sunindo Adipersada's stock expected returns. We can calculate the autocorrelation of Sunindo Adipersada returns to help us make a trade decision. For example, suppose you find that Sunindo Adipersada 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 |
Sunindo Adipersada 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 Sunindo Adipersada stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunindo Adipersada stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunindo Adipersada stock over time.
Current vs Lagged Prices |
| Timeline |
Sunindo Adipersada Lagged Returns
When evaluating Sunindo Adipersada's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunindo Adipersada stock have on its future price. Sunindo Adipersada 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, Sunindo Adipersada autocorrelation shows the relationship between Sunindo Adipersada stock current value and its past values and can show if there is a momentum factor associated with investing in Sunindo Adipersada Tbk.
Regressed Prices |
| Timeline |
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Sunindo Adipersada financial ratios help investors to determine whether Sunindo 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 Sunindo with respect to the benefits of owning Sunindo Adipersada security.