Macroaxis considers PT Telekomunikasi not too risky given 1 month investment horizon. PT Telekomunikasi In
retains Efficiency (Sharpe Ratio) of 0.2572 which implies PT Telekomunikasi In
had 0.2572% 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. We have found twenty-one technical indicators
for PT Telekomunikasi which you can use to evaluate future volatility of the company. Please employ PT Telekomunikasi Indonesia Tbk Standard Deviation
of 1.94 and Market Risk Adjusted Performance
of 0.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 PT Telekomunikasi holds performance score of 17. The organization owns Beta (Systematic Risk) of -1.814 which implies as returns on market increase, returns on owning PT Telekomunikasi are expected to decrease by larger amounts. On the other hand, during market turmoil, PT Telekomunikasi is expected to significantly outperform it.. Although it is vital to follow to PT Telekomunikasi In 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. By inspecting PT Telekomunikasi In technical indicators you can at this time evaluate if the expected return of 0.4769% will be sustainable into the future. Please employ PT Telekomunikasi Indonesia Tbk Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to make a quick decision on weather PT Telekomunikasi In current price history will revert.
|15 days auto-correlation||(0.42) |
Modest reverse predictability
PT Telekomunikasi Indonesia Tbk has modest reverse predictability. Overlapping area represents the amount of predictability between PT Telekomunikasi time series from June 23, 2018 to July 8, 2018 and July 8, 2018 to July 23, 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 Telekomunikasi In price movement. The serial correlation of -0.42 indicates that just about 42.0% of current PT Telekomunikasi price fluctuation can be explain by its past prices. Given that PT Telekomunikasi Indonesia Tbk has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PT Telekomunikasi for similar time interval.
|Correlation Coefficient|| -0.42|
|Spearman Rank Test|| -0.72|
|Price Variance|| 2958.02|
|Lagged Price Variance|| 11822.22|