Akasha Wira (Indonesia) Backtesting

ADES -- Indonesia Stock  

IDR 1,070  20.00  1.90%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Akasha Wira International Tbk and determine expected loss or profit from investing in Akasha Wira over given investment horizon. Check also Akasha Wira Hype Analysis, Akasha Wira Correlation, Akasha Wira Valuation, Akasha Wira Volatility as well as analyze Akasha Wira Alpha and Beta and Akasha Wira Performance.
Horizon     30 Days    Login   to change
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Backtest

Akasha Wira 'What if' Analysis

July 16, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
October 14, 2019
0.00
If you would invest  0.00  in Akasha Wira on July 16, 2019 and sell it all today you would earn a total of 0.00 from holding Akasha Wira International Tbk or generate 0.0% return on investment in Akasha Wira over 90 days. PT Akasha Wira International Tbk manufactures and distributes bottled drinking water and cosmetic products in Indonesia ...

Akasha Wira Upside/Downside Indicators

Downside Deviation2.04
Information Ratio0.0262
Maximum Drawdown10.1
Value At Risk(3.43)
Potential Upside3.21

Akasha Wira Market Premium Indicators

Risk Adjusted Performance0.0249
Jensen Alpha0.019
Total Risk Alpha0.0687
Sortino Ratio0.0242
Treynor Ratio(0.06)

Akasha Wira Internat Backtested Returns

Macroaxis considers Akasha Wira to be very steady. Akasha Wira Internat secures Sharpe Ratio (or Efficiency) of -0.0651 which signifies that the organization had -0.0651% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing 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. Akasha Wira International Tbk exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Akasha Wira Internat Risk Adjusted Performance of 0.0249 and Mean Deviation of 1.4 to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.4763 which signifies that as returns on market increase, returns on owning Akasha Wira are expected to decrease at a much smaller rate. During bear market, Akasha Wira is likely to outperform the market. Even though it is essential to pay attention to Akasha Wira Internat historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing 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. Akasha Wira International Tbk exposes twenty-one different technical indicators which can help you to evaluate its performance. Akasha Wira Internat has expected return of -0.1216%. Please be advised to confirm Akasha Wira Internat Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if Akasha Wira Internat past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.36 
correlation synergy

Below average predictability

Akasha Wira International Tbk has below average predictability. Overlapping area represents the amount of predictability between Akasha Wira time series from July 16, 2019 to August 30, 2019 and August 30, 2019 to October 14, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Akasha Wira Internat price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Akasha Wira price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.32
Residual Average0.0
Price Variance1092.16

Akasha Wira Internat lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Akasha Wira regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Akasha Wira Lagged Returns

 Regressed Prices 
      Timeline 

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Akasha Wira Pair Correlation

Equities Pair Trading Analysis

Check also Akasha Wira Hype Analysis, Akasha Wira Correlation, Akasha Wira Valuation, Akasha Wira Volatility as well as analyze Akasha Wira Alpha and Beta and Akasha Wira Performance. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.
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