Adaro Energy Tbk Stock Market Value
| ADOOY Stock | USD 8.20 0.04 0.49% |
| Symbol | Adaro |
Adaro Energy '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 Adaro Energy'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 Adaro Energy.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Adaro Energy on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Adaro Energy Tbk or generate 0.0% return on investment in Adaro Energy over 30 days. Adaro Energy is related to or competes with Alliance Resource, Targa Resources, Entegris, Trump Media, Airship AI, Corbus Pharmaceuticals, and WiSA Technologies. PT Adaro Energy Indonesia Tbk, together with its subsidiaries, operates as an integrated energy producer in coal, energy... More
Adaro Energy 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 Adaro Energy'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 Adaro Energy Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | 0.0029 | |||
| Maximum Drawdown | 14.06 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 5.87 |
Adaro Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adaro Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adaro Energy's standard deviation. In reality, there are many statistical measures that can use Adaro Energy historical prices to predict the future Adaro Energy's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | 0.0601 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0026 | |||
| Treynor Ratio | (0.46) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Adaro Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Adaro Energy Tbk Backtested Returns
We consider Adaro Energy slightly risky. Adaro Energy Tbk secures Sharpe Ratio (or Efficiency) of 0.0261, which signifies that the company had a 0.0261% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Adaro Energy Tbk, which you can use to evaluate the volatility of the firm. Please confirm Adaro Energy's mean deviation of 2.26, and Risk Adjusted Performance of 0.021 to double-check if the risk estimate we provide is consistent with the expected return of 0.0835%. Adaro Energy has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adaro Energy are expected to decrease at a much lower rate. During the bear market, Adaro Energy is likely to outperform the market. Adaro Energy Tbk right now shows a risk of 3.2%. Please confirm Adaro Energy Tbk value at risk, and the relationship between the standard deviation and kurtosis , to decide if Adaro Energy Tbk will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Adaro Energy Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Adaro Energy time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 Adaro Energy Tbk price movement. The serial correlation of -0.17 indicates that over 17.0% of current Adaro Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Adaro Energy Tbk lagged returns against current returns
Autocorrelation, which is Adaro Energy 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 Adaro Energy's pink sheet expected returns. We can calculate the autocorrelation of Adaro Energy returns to help us make a trade decision. For example, suppose you find that Adaro Energy 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 |
Adaro Energy 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 Adaro Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adaro Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adaro Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Adaro Energy Lagged Returns
When evaluating Adaro Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adaro Energy pink sheet have on its future price. Adaro Energy 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, Adaro Energy autocorrelation shows the relationship between Adaro Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Adaro Energy Tbk.
Regressed Prices |
| Timeline |
Pair Trading with Adaro Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Adaro Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Adaro Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Adaro Pink Sheet
| 0.73 | YZCHF | Yanzhou Coal Mining | PairCorr |
Moving against Adaro Pink Sheet
| 0.52 | MSB | Mesabi Trust Earnings Call This Week | PairCorr |
| 0.51 | WHITF | Whitehaven Coal | PairCorr |
The ability to find closely correlated positions to Adaro Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adaro Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adaro Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adaro Energy Tbk to buy it.
The correlation of Adaro Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adaro Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adaro Energy Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Adaro Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Adaro Energy Correlation, Adaro Energy Volatility and Adaro Energy Alpha and Beta module to complement your research on Adaro Energy. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Adaro Pink Sheet analysis
When running Adaro Energy's price analysis, check to measure Adaro Energy'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 Adaro Energy is operating at the current time. Most of Adaro Energy's value examination focuses on studying past and present price action to predict the probability of Adaro Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adaro Energy's price. Additionally, you may evaluate how the addition of Adaro Energy to your portfolios can decrease your overall portfolio volatility.
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Adaro Energy technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.