Chandra Asri (Indonesia) Market Value
| TPIA Stock | IDR 6,850 150.00 2.14% |
| Symbol | Chandra |
Chandra Asri '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 Chandra Asri'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 Chandra Asri.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Chandra Asri on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Chandra Asri Petrochemical or generate 0.0% return on investment in Chandra Asri over 720 days. Chandra Asri is related to or competes with Timah Persero, Semen Indonesia, Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, and Indosat Tbk. Chandra Asri Petrochemical Tbk, together with its subsidiaries, operates as an integrated petrochemical company in Indon... More
Chandra Asri 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 Chandra Asri'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 Chandra Asri Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 6.12 |
Chandra Asri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chandra Asri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chandra Asri's standard deviation. In reality, there are many statistical measures that can use Chandra Asri historical prices to predict the future Chandra Asri's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (2.32) |
Chandra Asri Petroch Backtested Returns
Chandra Asri Petroch secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Chandra Asri Petrochemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chandra Asri's mean deviation of 2.31, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chandra Asri's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chandra Asri is expected to be smaller as well. At this point, Chandra Asri Petroch has a negative expected return of -0.44%. Please make sure to confirm Chandra Asri's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Chandra Asri Petroch performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Chandra Asri Petrochemical has weak reverse predictability. Overlapping area represents the amount of predictability between Chandra Asri time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Chandra Asri Petroch price movement. The serial correlation of -0.25 indicates that over 25.0% of current Chandra Asri price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.7 M |
Chandra Asri Petroch lagged returns against current returns
Autocorrelation, which is Chandra Asri 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 Chandra Asri's stock expected returns. We can calculate the autocorrelation of Chandra Asri returns to help us make a trade decision. For example, suppose you find that Chandra Asri 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 |
Chandra Asri 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 Chandra Asri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chandra Asri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chandra Asri stock over time.
Current vs Lagged Prices |
| Timeline |
Chandra Asri Lagged Returns
When evaluating Chandra Asri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chandra Asri stock have on its future price. Chandra Asri 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, Chandra Asri autocorrelation shows the relationship between Chandra Asri stock current value and its past values and can show if there is a momentum factor associated with investing in Chandra Asri Petrochemical.
Regressed Prices |
| Timeline |
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Chandra Asri financial ratios help investors to determine whether Chandra 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 Chandra with respect to the benefits of owning Chandra Asri security.