Chandra Asri Petrochemical Stock Market Value
| PTCAY Stock | USD 37.45 0.00 0.00% |
| Symbol | Chandra |
Chandra Asri '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 Chandra Asri'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 Chandra Asri.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Chandra Asri on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Chandra Asri Petrochemical or generate 0.0% return on investment in Chandra Asri over 420 days. Chandra Asri is related to or competes with Air Liquide, Sherwin Williams, Ecolab, Air Products, Dupont De, and PPG Industries. Chandra Asri Petrochemical Tbk, together with its subsidiaries, operates as an integrated petrochemical company in Indon... More
Chandra Asri 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 Chandra Asri'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 Chandra Asri Petrochemical upside and downside potential and time the market with a certain degree of confidence.
Chandra Asri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chandra Asri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chandra Asri's standard deviation. In reality, there are many statistical measures that can use Chandra Asri historical prices to predict the future Chandra Asri's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chandra Asri'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.
Chandra Asri Petroch Backtested Returns
We have found three technical indicators for Chandra Asri Petrochemical, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Chandra Asri are completely uncorrelated.
Auto-correlation | 0.91 |
Excellent predictability
Chandra Asri Petrochemical has excellent predictability. Overlapping area represents the amount of predictability between Chandra Asri time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 to 23rd 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 Chandra Asri Petroch price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Chandra Asri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 236.3 |
Chandra Asri Petroch lagged returns against current returns
Autocorrelation, which is Chandra Asri 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 Chandra Asri's pink sheet expected returns. We can calculate the autocorrelation of Chandra Asri returns to help us make a trade decision. For example, suppose you find that Chandra Asri 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 |
Chandra Asri 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 Chandra Asri pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chandra Asri pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chandra Asri pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Chandra Asri Lagged Returns
When evaluating Chandra Asri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chandra Asri pink sheet have on its future price. Chandra Asri 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, Chandra Asri autocorrelation shows the relationship between Chandra Asri pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Chandra Asri Petrochemical.
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 Chandra Asri 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, Chandra Asri's short interest history, or implied volatility extrapolated from Chandra Asri options trading.
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Check out Chandra Asri Correlation, Chandra Asri Volatility and Chandra Asri Alpha and Beta module to complement your research on Chandra Asri. Note that the Chandra Asri Petroch information on this page should be used as a complementary analysis to other Chandra Asri's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Chandra Pink Sheet analysis
When running Chandra Asri's price analysis, check to measure Chandra Asri'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 Chandra Asri is operating at the current time. Most of Chandra Asri's value examination focuses on studying past and present price action to predict the probability of Chandra Asri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chandra Asri's price. Additionally, you may evaluate how the addition of Chandra Asri to your portfolios can decrease your overall portfolio volatility.
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Chandra Asri 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.