Bank Jabar (Indonesia) Market Value
| BJBR Stock | IDR 1,030 20.00 1.90% |
| Symbol | Bank |
Bank Jabar '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 Bank Jabar'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 Bank Jabar.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Bank Jabar on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bank Jabar or generate 0.0% return on investment in Bank Jabar over 30 days. Bank Jabar is related to or competes with Astra International, United Tractors, Bukit Asam, Indofood Sukses, and Hanjaya Mandala. PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk provides banking products and services to individual and corporate ... More
Bank Jabar 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 Bank Jabar'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 Bank Jabar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.25 |
Bank Jabar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Jabar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Jabar's standard deviation. In reality, there are many statistical measures that can use Bank Jabar historical prices to predict the future Bank Jabar's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.6365 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank Jabar'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.
Bank Jabar Backtested Returns
Bank Jabar secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Bank Jabar exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank Jabar's Standard Deviation of 0.7581, mean deviation of 0.5686, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0918, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank Jabar are expected to decrease at a much lower rate. During the bear market, Bank Jabar is likely to outperform the market. Bank Jabar has an expected return of -0.0824%. Please make sure to confirm Bank Jabar total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Bank Jabar performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Bank Jabar has insignificant predictability. Overlapping area represents the amount of predictability between Bank Jabar time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Bank Jabar price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Bank Jabar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 779.45 |
Bank Jabar lagged returns against current returns
Autocorrelation, which is Bank Jabar 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 Bank Jabar's stock expected returns. We can calculate the autocorrelation of Bank Jabar returns to help us make a trade decision. For example, suppose you find that Bank Jabar 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 |
Bank Jabar 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 Bank Jabar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Jabar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Jabar stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Jabar Lagged Returns
When evaluating Bank Jabar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Jabar stock have on its future price. Bank Jabar 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, Bank Jabar autocorrelation shows the relationship between Bank Jabar stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Jabar.
Regressed Prices |
| Timeline |
Pair Trading with Bank Jabar
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 Bank Jabar 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 Bank Jabar will appreciate offsetting losses from the drop in the long position's value.Moving against Bank Stock
| 0.54 | SINI | Singaraja Putra | PairCorr |
| 0.42 | MPPA | Matahari Putra Prima | PairCorr |
The ability to find closely correlated positions to Bank Jabar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Jabar 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 Bank Jabar - 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 Bank Jabar to buy it.
The correlation of Bank Jabar 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 Bank Jabar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Jabar 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 Bank Jabar 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 Bank Jabar Correlation, Bank Jabar Volatility and Bank Jabar Alpha and Beta module to complement your research on Bank Jabar. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Bank Stock analysis
When running Bank Jabar's price analysis, check to measure Bank Jabar'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 Bank Jabar is operating at the current time. Most of Bank Jabar's value examination focuses on studying past and present price action to predict the probability of Bank Jabar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank Jabar's price. Additionally, you may evaluate how the addition of Bank Jabar to your portfolios can decrease your overall portfolio volatility.
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Bank Jabar technical stock 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, stock market cycles, or different charting patterns.