PT Tower (Indonesia) Backtesting

TBIG -- Indonesia Stock  

IDR 5,550  100.00  1.77%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of PT Tower Bersama Infrastructure Tbk and determine expected loss or profit from investing in PT Tower over given investment horizon. Also please take a look at PT Tower Hype Analysis, PT Tower Correlation, PT Tower Valuation, PT Tower Volatility as well as analyze PT Tower Alpha and Beta and PT Tower Performance.
 Time Horizon     30 Days    Login   to change
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Backtest

PT Tower 'What if' Analysis

July 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
August 16, 2018
0.00
If you would invest  0.00  in PT Tower on July 17, 2018 and sell it all today you would earn a total of 0.00 from holding PT Tower Bersama Infrastructure Tbk or generate 0.0% return on investment in PT Tower over 30 days. PT Tower is related to or competes with PT Sarana, and PT Wijaya.

PT Tower Upside/Downside Indicators

Downside Deviation2.17
Information Ratio0.2077
Maximum Drawdown10.09
Value At Risk3.00
Potential Upside5.0
  

PT Tower Market Premium Indicators

Risk Adjusted Performance0.1046
Jensen Alpha0.5038
Total Risk Alpha0.5093
Sortino Ratio0.232
Treynor Ratio0.4293

PT Tower Bersama Backtested Returns

Macroaxis considers PT Tower not too risky given 1 month investment horizon. PT Tower Bersama retains Efficiency (Sharpe Ratio) of 0.3045 which implies PT Tower Bersama had 0.3045% 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 company specific technical indicators that cannot be diversified away. By inspecting PT Tower Bersama technical indicators you can at this time evaluate if the expected return of 0.77% is justified by implied risk. Please employ PT Tower Bersama Infrastructure Tbk Standard Deviation of 2.42 and Market Risk Adjusted Performance of 0.4393 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 PT Tower holds performance score of 20. The organization owns Beta (Systematic Risk) of 1.1701 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, PT Tower will likely underperform.. Although it is vital to follow to PT Tower Bersama existing price patterns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for PT Tower which you can use to evaluate performance of the company. Please employ PT Tower Bersama Infrastructure Tbk Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to make a quick decision on weather PT Tower Bersama current price history will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.11) 

Insignificant reverse predictability

PT Tower Bersama Infrastructure Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between PT Tower time series from July 17, 2018 to August 1, 2018 and August 1, 2018 to August 16, 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 Tower Bersama price movement. The serial correlation of -0.11 indicates that less than 11.0% of current PT Tower price fluctuation can be explain by its past prices. Given that PT Tower Bersama Infrastructure Tbk has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PT Tower for similar time interval.
Correlation Coefficient -0.11
Spearman Rank Test -0.05
Price Variance 7361.11
Lagged Price Variance 23122.22

PT Tower Bersama lagged returns against current returns

 Current and Lagged Values 
      Timeline 

PT Tower regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

PT Tower Lagged Returns

 Regressed Prices 
      Timeline 

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Also please take a look at PT Tower Hype Analysis, PT Tower Correlation, PT Tower Valuation, PT Tower Volatility as well as analyze PT Tower Alpha and Beta and PT Tower Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.