Radana Bhaskara (Indonesia) Market Value
HDFA Stock | IDR 95.00 3.00 3.26% |
Symbol | Radana |
Radana Bhaskara '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 Radana Bhaskara'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 Radana Bhaskara.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Radana Bhaskara on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Radana Bhaskara Finance or generate 0.0% return on investment in Radana Bhaskara over 30 days. Radana Bhaskara is related to or competes with Astra International, United Tractors, Bukit Asam, Indofood Sukses, and Hanjaya Mandala. More
Radana Bhaskara 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 Radana Bhaskara'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 Radana Bhaskara Finance upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.04) | |||
Maximum Drawdown | 50.36 | |||
Value At Risk | (4.04) | |||
Potential Upside | 3.0 |
Radana Bhaskara Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radana Bhaskara's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radana Bhaskara's standard deviation. In reality, there are many statistical measures that can use Radana Bhaskara historical prices to predict the future Radana Bhaskara's volatility.Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.81) | |||
Treynor Ratio | 0.1411 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Radana Bhaskara'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.
Radana Bhaskara Finance Backtested Returns
We consider Radana Bhaskara very steady. Radana Bhaskara Finance maintains Sharpe Ratio (i.e., Efficiency) of 0.0076, which implies the firm had a 0.0076% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Radana Bhaskara Finance, which you can use to evaluate the volatility of the company. Please check Radana Bhaskara's Variance of 26.53, coefficient of variation of (5,243), and Risk Adjusted Performance of (0) to confirm if the risk estimate we provide is consistent with the expected return of 0.0434%. The company holds a Beta of -0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Radana Bhaskara are expected to decrease at a much lower rate. During the bear market, Radana Bhaskara is likely to outperform the market. Radana Bhaskara Finance right now holds a risk of 5.72%. Please check Radana Bhaskara Finance coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Radana Bhaskara Finance will be following its historical price patterns.
Auto-correlation | 0.73 |
Good predictability
Radana Bhaskara Finance has good predictability. Overlapping area represents the amount of predictability between Radana Bhaskara 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 Radana Bhaskara Finance price movement. The serial correlation of 0.73 indicates that around 73.0% of current Radana Bhaskara price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.73 | |
Spearman Rank Test | 0.89 | |
Residual Average | 0.0 | |
Price Variance | 3.67 |
Radana Bhaskara Finance lagged returns against current returns
Autocorrelation, which is Radana Bhaskara 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 Radana Bhaskara's stock expected returns. We can calculate the autocorrelation of Radana Bhaskara returns to help us make a trade decision. For example, suppose you find that Radana Bhaskara 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 |
Radana Bhaskara 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 Radana Bhaskara stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radana Bhaskara stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radana Bhaskara stock over time.
Current vs Lagged Prices |
Timeline |
Radana Bhaskara Lagged Returns
When evaluating Radana Bhaskara's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radana Bhaskara stock have on its future price. Radana Bhaskara 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, Radana Bhaskara autocorrelation shows the relationship between Radana Bhaskara stock current value and its past values and can show if there is a momentum factor associated with investing in Radana Bhaskara Finance.
Regressed Prices |
Timeline |
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Complementary Tools for Radana Stock analysis
When running Radana Bhaskara's price analysis, check to measure Radana Bhaskara'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 Radana Bhaskara is operating at the current time. Most of Radana Bhaskara's value examination focuses on studying past and present price action to predict the probability of Radana Bhaskara's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radana Bhaskara's price. Additionally, you may evaluate how the addition of Radana Bhaskara to your portfolios can decrease your overall portfolio volatility.
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Radana Bhaskara 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.