Asahimas Flat (Indonesia) Market Value

AMFG Stock  IDR 5,750  50.00  0.86%   
Asahimas Flat's market value is the price at which a share of Asahimas Flat trades on a public exchange. It measures the collective expectations of Asahimas Flat Glass investors about its performance. Asahimas Flat is selling for 5750.00 as of the 28th of March 2024. This is a -0.86% down since the beginning of the trading day. The stock's last reported lowest price was 5700.0.
With this module, you can estimate the performance of a buy and hold strategy of Asahimas Flat Glass and determine expected loss or profit from investing in Asahimas Flat over a given investment horizon. Check out Asahimas Flat Correlation, Asahimas Flat Volatility and Asahimas Flat Alpha and Beta module to complement your research on Asahimas Flat.
Symbol

Please note, there is a significant difference between Asahimas Flat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asahimas Flat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asahimas Flat's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Asahimas Flat '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 Asahimas Flat'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 Asahimas Flat.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Asahimas Flat on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Asahimas Flat Glass or generate 0.0% return on investment in Asahimas Flat over 30 days. Asahimas Flat is related to or competes with Bank Mandiri, Bank Rakyat, Bank Central, Bank Negara, Astra International, Bank Cimb, and Bank BRISyariah. PT Asahimas Flat Glass Tbk manufactures and sells flat glass and automotive glass products in Indonesia More

Asahimas Flat 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 Asahimas Flat'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 Asahimas Flat Glass upside and downside potential and time the market with a certain degree of confidence.

Asahimas Flat Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Asahimas Flat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asahimas Flat's standard deviation. In reality, there are many statistical measures that can use Asahimas Flat historical prices to predict the future Asahimas Flat's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asahimas Flat'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.
Hype
Prediction
LowEstimatedHigh
5,7495,7505,751
Details
Intrinsic
Valuation
LowRealHigh
4,8244,8246,325
Details
Naive
Forecast
LowNextHigh
5,7385,7385,739
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5,7365,7835,830
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Asahimas Flat. Your research has to be compared to or analyzed against Asahimas Flat's peers to derive any actionable benefits. When done correctly, Asahimas Flat's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Asahimas Flat Glass.

Asahimas Flat Glass Backtested Returns

Asahimas Flat Glass secures Sharpe Ratio (or Efficiency) of -0.0703, which signifies that the company had a -0.0703% return per unit of standard deviation over the last 3 months. Asahimas Flat Glass exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asahimas Flat's risk adjusted performance of (0.03), and Mean Deviation of 0.3562 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asahimas Flat are expected to decrease at a much lower rate. During the bear market, Asahimas Flat is likely to outperform the market. Asahimas Flat Glass has an expected return of -0.0426%. Please make sure to confirm Asahimas Flat Glass market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Asahimas Flat Glass performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.77  

Good predictability

Asahimas Flat Glass has good predictability. Overlapping area represents the amount of predictability between Asahimas Flat time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Asahimas Flat Glass price movement. The serial correlation of 0.77 indicates that around 77.0% of current Asahimas Flat price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.3
Residual Average0.0
Price Variance2100.0

Asahimas Flat Glass lagged returns against current returns

Autocorrelation, which is Asahimas Flat 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 Asahimas Flat's stock expected returns. We can calculate the autocorrelation of Asahimas Flat returns to help us make a trade decision. For example, suppose you find that Asahimas Flat 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  

Asahimas Flat 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 Asahimas Flat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asahimas Flat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asahimas Flat stock over time.
   Current vs Lagged Prices   
       Timeline  

Asahimas Flat Lagged Returns

When evaluating Asahimas Flat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asahimas Flat stock have on its future price. Asahimas Flat 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, Asahimas Flat autocorrelation shows the relationship between Asahimas Flat stock current value and its past values and can show if there is a momentum factor associated with investing in Asahimas Flat Glass.
   Regressed Prices   
       Timeline  

Pair Trading with Asahimas Flat

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asahimas Flat position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asahimas Flat will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Asahimas Flat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asahimas Flat when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asahimas Flat - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asahimas Flat Glass to buy it.
The correlation of Asahimas Flat is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asahimas Flat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asahimas Flat Glass moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asahimas Flat can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Asahimas Flat Correlation, Asahimas Flat Volatility and Asahimas Flat Alpha and Beta module to complement your research on Asahimas Flat.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Asahimas Flat's price analysis, check to measure Asahimas Flat'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 Asahimas Flat is operating at the current time. Most of Asahimas Flat's value examination focuses on studying past and present price action to predict the probability of Asahimas Flat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asahimas Flat's price. Additionally, you may evaluate how the addition of Asahimas Flat to your portfolios can decrease your overall portfolio volatility.
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Asahimas Flat 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.
A focus of Asahimas Flat technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Asahimas Flat trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...