Wijaya Karya (Indonesia) Market Value
| WIKA Stock | IDR 133.00 3.00 2.21% |
| Symbol | Wijaya |
Wijaya Karya '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 Wijaya Karya's stock 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 Wijaya Karya.
| 02/18/2024 |
| 05/18/2024 |
If you would invest 0.00 in Wijaya Karya on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Wijaya Karya Beton or generate 0.0% return on investment in Wijaya Karya over 90 days. Wijaya Karya is related to or competes with Lionmesh Prima, Pelangi Indah, Indal Aluminium, Intanwijaya Internasional, and Champion Pacific. More
Wijaya Karya 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 Wijaya Karya's stock 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 Wijaya Karya Beton upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 20.55 | |||
| Value At Risk | (5.52) |
Wijaya Karya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wijaya Karya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wijaya Karya's standard deviation. In reality, there are many statistical measures that can use Wijaya Karya historical prices to predict the future Wijaya Karya's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.79) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | 1.57 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wijaya Karya'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.
Wijaya Karya Beton Backtested Returns
Wijaya Karya Beton shows Sharpe Ratio of -0.28, which attests that the company had a -0.28% return per unit of risk over the last 3 months. Wijaya Karya Beton exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wijaya Karya's Standard Deviation of 3.36, mean deviation of 1.56, and Market Risk Adjusted Performance of 1.58 to validate the risk estimate we provide. The firm maintains a market beta of -0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wijaya Karya are expected to decrease at a much lower rate. During the bear market, Wijaya Karya is likely to outperform the market. Wijaya Karya Beton has an expected return of -1.03%. Please make sure to check out Wijaya Karya Beton total risk alpha, maximum drawdown, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Wijaya Karya Beton performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Wijaya Karya Beton has no correlation between past and present. Overlapping area represents the amount of predictability between Wijaya Karya time series from 18th of February 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of May 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 Wijaya Karya Beton price movement. The serial correlation of 0.0 indicates that just 0.0% of current Wijaya Karya price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 1300.81 |
Wijaya Karya Beton lagged returns against current returns
Autocorrelation, which is Wijaya Karya stock'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 Wijaya Karya's stock expected returns. We can calculate the autocorrelation of Wijaya Karya returns to help us make a trade decision. For example, suppose you find that Wijaya Karya has exhibited high autocorrelation historically, and you observe that the stock 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 |
Wijaya Karya 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 Wijaya Karya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wijaya Karya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wijaya Karya stock over time.
Current vs Lagged Prices |
| Timeline |
Wijaya Karya Lagged Returns
When evaluating Wijaya Karya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wijaya Karya stock have on its future price. Wijaya Karya 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, Wijaya Karya autocorrelation shows the relationship between Wijaya Karya stock current value and its past values and can show if there is a momentum factor associated with investing in Wijaya Karya Beton.
Regressed Prices |
| Timeline |
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Check out Wijaya Karya Correlation, Wijaya Karya Volatility and Wijaya Karya Alpha and Beta module to complement your research on Wijaya Karya. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Wijaya Stock analysis
When running Wijaya Karya's price analysis, check to measure Wijaya Karya'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 Wijaya Karya is operating at the current time. Most of Wijaya Karya's value examination focuses on studying past and present price action to predict the probability of Wijaya Karya's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wijaya Karya's price. Additionally, you may evaluate how the addition of Wijaya Karya to your portfolios can decrease your overall portfolio volatility.
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Wijaya Karya technical stock 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, stock market cycles, or different charting patterns.