Akr Corporindo Tbk Stock Market Value
| PKCPY Stock | USD 2.48 0.00 0.00% |
| Symbol | AKR |
AKR Corporindo '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 AKR Corporindo'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 AKR Corporindo.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in AKR Corporindo on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding AKR Corporindo Tbk or generate 0.0% return on investment in AKR Corporindo over 30 days. AKR Corporindo is related to or competes with Delek Energy, PBF Energy, HF Sinclair, Delek Logistics, Valero Energy, CVR Energy, and Phillips. PT AKR Corporindo Tbk, a logistics and supply chain company, engages in distribution and trading of petroleum and basic ... More
AKR Corporindo 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 AKR Corporindo'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 AKR Corporindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0775 | |||
| Maximum Drawdown | 12.22 |
AKR Corporindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AKR Corporindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AKR Corporindo's standard deviation. In reality, there are many statistical measures that can use AKR Corporindo historical prices to predict the future AKR Corporindo's volatility.| Risk Adjusted Performance | 0.082 | |||
| Jensen Alpha | 0.1811 | |||
| Total Risk Alpha | 0.0325 | |||
| Treynor Ratio | (1.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AKR Corporindo'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.
AKR Corporindo Tbk Backtested Returns
AKR Corporindo appears to be moderately volatile, given 3 months investment horizon. AKR Corporindo Tbk secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for AKR Corporindo Tbk, which you can use to evaluate the volatility of the firm. Please makes use of AKR Corporindo's mean deviation of 0.3646, and Risk Adjusted Performance of 0.082 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AKR Corporindo holds a performance score of 9. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AKR Corporindo are expected to decrease at a much lower rate. During the bear market, AKR Corporindo is likely to outperform the market. Please check AKR Corporindo's risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to make a quick decision on whether AKR Corporindo's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
AKR Corporindo Tbk has no correlation between past and present. Overlapping area represents the amount of predictability between AKR Corporindo time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 AKR Corporindo Tbk price movement. The serial correlation of 0.0 indicates that just 0.0% of current AKR Corporindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AKR Corporindo Tbk lagged returns against current returns
Autocorrelation, which is AKR Corporindo 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 AKR Corporindo's pink sheet expected returns. We can calculate the autocorrelation of AKR Corporindo returns to help us make a trade decision. For example, suppose you find that AKR Corporindo 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 |
AKR Corporindo 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 AKR Corporindo pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AKR Corporindo pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AKR Corporindo pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AKR Corporindo Lagged Returns
When evaluating AKR Corporindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AKR Corporindo pink sheet have on its future price. AKR Corporindo 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, AKR Corporindo autocorrelation shows the relationship between AKR Corporindo pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AKR Corporindo Tbk.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AKR Corporindo in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AKR Corporindo's short interest history, or implied volatility extrapolated from AKR Corporindo options trading.
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Check out AKR Corporindo Correlation, AKR Corporindo Volatility and AKR Corporindo Alpha and Beta module to complement your research on AKR Corporindo. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for AKR Pink Sheet analysis
When running AKR Corporindo's price analysis, check to measure AKR Corporindo'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 AKR Corporindo is operating at the current time. Most of AKR Corporindo's value examination focuses on studying past and present price action to predict the probability of AKR Corporindo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKR Corporindo's price. Additionally, you may evaluate how the addition of AKR Corporindo to your portfolios can decrease your overall portfolio volatility.
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AKR Corporindo 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.