PT Tower (Indonesia) Backtesting

PT Tower Bersama Infrastructure Tbk -- Indonesia Stock  

IDR 5,275  250.00  4.52%

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
SymbolX
Backtest

PT Tower 'What if' Analysis

February 25, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 26, 2018
0.00
If you would invest  0.00  in PT Tower on February 25, 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 60 days. PT Tower is related to or competes with PT Sarana.

PT Tower Upside/Downside Indicators

Information Ratio0.0158
Maximum Drawdown8.74
Value At Risk1.72
Potential Upside1.76
  

PT Tower Market Premium Indicators

Risk Adjusted Performance0.002144
Jensen Alpha0.014014
Total Risk Alpha0.017
Treynor Ratio0.0882

PT Tower Bersama Backtested Returns

Macroaxis considers PT Tower to be not too risky. PT Tower Bersama retains Efficiency (Sharpe Ratio) of -0.0204 which implies PT Tower Bersama had -0.0204% of return per unit of price deviation over the last 2 months. Macroaxis approach 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 Tower exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PT Tower Bersama Infrastructure Tbk Standard Deviation of 1.4 and Market Risk Adjusted Performance of 0.0982 to confirm risk estimate we provide. Macroaxis gives PT Tower performance score of 0 on a scale of 0 to 100. The organization owns Beta (Systematic Risk) of -0.1163 which implies as returns on market increase, returns on owning PT Tower are expected to decrease at a much smaller rate. During bear market, PT Tower is likely to outperform the market.. Even though it is essential to pay attention to PT Tower Bersama existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach 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 Tower exposes twenty-one different technical indicators which can help you to evaluate its performance. PT Tower Bersama has expected return of -0.0496%. Please be advised to check PT Tower Bersama Infrastructure Tbk Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if PT Tower Bersama past performance will be repeated at some future date.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.24 

Weak predictability

PT Tower Bersama Infrastructure Tbk has weak predictability. Overlapping area represents the amount of predictability between PT Tower time series from February 25, 2018 to March 27, 2018 and March 27, 2018 to April 26, 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 0.24 indicates that over 24.0% of current PT Tower price fluctuation can be explain by its past prices.
Correlation Coefficient 0.24
Spearman Rank Test 0.23
Price Variance 17436.0
Lagged Price Variance 8100.0

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 Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.