Telekomunikasi Indonesia Backtested Returns
Macroaxis considers Telekomunikasi Indonesia to be not too risky. Telekomunikasi Indonesia
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3328 which indicates Telekomunikasi Indonesia
had -0.3328% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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
. Telekomunikasi Indonesia Perse exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Telekomunikasi Indonesia Coefficient Of Variation
of (368.18) and Risk Adjusted Performance of (0.055342) to confirm risk estimate we provide. Macroaxis gives Telekomunikasi Indonesia performance score of 0 on a scale of 0 to 100. The entity has beta of 0.8462 which indicates as returns on market increase, Telekomunikasi Indonesia returns are expected to increase less than the market. However during bear market, the loss on holding Telekomunikasi Indonesia will be expected to be smaller as well.. Even though it is essential to pay attention to Telekomunikasi Indonesia current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. Telekomunikasi Indonesia Perse exposes twenty-one different technical indicators which can help you to evaluate its performance. Telekomunikasi Indonesia has expected return of -0.2878%. Please be advised to validate Telekomunikasi Indonesia Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Telekomunikasi Indonesia past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.13) |
Insignificant reverse predictability
Telekomunikasi Indonesia Perse has insignificant reverse predictability. Overlapping area represents the amount of predictability between Telekomunikasi Indonesia time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Telekomunikasi Indonesia price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Telekomunikasi Indonesia price fluctuation can be explain by its past prices. Given that Telekomunikasi Indonesia Perse has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Telekomunikasi Indonesia for similar time interval.
|Correlation Coefficient|| -0.13|
|Spearman Rank Test|| 0.53|
|Price Variance|| 13277.69|
|Lagged Price Variance|| 495.87|
Telekomunikasi Indonesia Lagged Returns