Macroaxis considers Pt Jasa to be not too risky. Pt Jasa Marga
retains Efficiency (Sharpe Ratio) of -0.1511 which implies Pt Jasa Marga
had -0.1511% of return per unit of price deviation over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Pt Jasa exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Pt Jasa Marga Tbk Standard Deviation
of 2.27 and Market Risk Adjusted Performance
of 0.29 to confirm risk estimate we provide. Macroaxis gives Pt Jasa performance score of 0 on a scale of 0 to 100. The organization owns Beta (Systematic Risk) of 0.8028 which implies as returns on market increase, Pt Jasa returns are expected to increase less than the market. However during bear market, the loss on holding Pt Jasa will be expected to be smaller as well.. Even though it is essential to pay attention to Pt Jasa Marga existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis philosophy towards forecasting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Pt Jasa exposes twenty-one different technical indicators which can help you to evaluate its performance. Pt Jasa Marga has expected return of -0.3668%. Please be advised to check Pt Jasa Marga Tbk Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if Pt Jasa Marga past performance will be repeated at future time.
|15 days auto-correlation|| 0.47 |
Pt Jasa Marga Tbk has average predictability. Overlapping area represents the amount of predictability between Pt Jasa time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 Jasa Marga price movement. The serial correlation of 0.47 indicates that about 47.0% of current Pt Jasa price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.53|