We consider PT Indofood not too risky. PT Indofood CBP
retains Efficiency (Sharpe Ratio) of 0.0204 which implies PT Indofood CBP
had 0.0204% of return per unit of price deviation over the last 1 month. Our approach towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for PT Indofood which you can use to evaluate future volatility of the company. Please check PT Indofood CBP Sukses Makmur Tbk Standard Deviation
of 2.4 and Market Risk Adjusted Performance
of 0.13 to confirm if risk estimate we provide are consistent with the epected return of 0.0206%. PT Indofood has performance score of 1 on a scale of 0 to 100. The organization owns Beta (Systematic Risk) of 0.407 which implies as returns on market increase, PT Indofood returns are expected to increase less than the market. However during bear market, the loss on holding PT Indofood will be expected to be smaller as well.. Although it is extremely important to respect PT Indofood CBP existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting PT Indofood CBP technical indicators you can at this time evaluate if the expected return of 0.0206% will be sustainable into the future. PT Indofood CBP at this moment owns a risk of 1.0072%. Please check PT Indofood CBP Sukses Makmur Tbk Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if PT Indofood CBP Sukses Makmur Tbk will be following its current price history.
|15 days auto-correlation|| 0.22 |
PT Indofood CBP Sukses Makmur Tbk has weak predictability. Overlapping area represents the amount of predictability between PT Indofood time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PT Indofood CBP price movement. The serial correlation of 0.22 indicates that over 22.0% of current PT Indofood price fluctuation can be explain by its past prices.
|Spearman Rank Test||-0.6|