Asuransi Harta (Indonesia) Market Value
| AHAP Stock | IDR 100.00 2.00 1.96% |
| Symbol | Asuransi |
Asuransi Harta '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 Asuransi Harta'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 Asuransi Harta.
| 02/27/2024 |
| 05/27/2024 |
If you would invest 0.00 in Asuransi Harta on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Harta Aman or generate 0.0% return on investment in Asuransi Harta over 90 days. Asuransi Harta is related to or competes with Pacific Strategic, Buana Finance, Mitra Pinasthika, Jakarta Int, Indosat Tbk, Multistrada Arah, and Gajah Tunggal. More
Asuransi Harta 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 Asuransi Harta'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 Asuransi Harta Aman upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.98 | |||
| Information Ratio | 0.0771 | |||
| Maximum Drawdown | 47.81 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 17.48 |
Asuransi Harta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Harta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Harta's standard deviation. In reality, there are many statistical measures that can use Asuransi Harta historical prices to predict the future Asuransi Harta's volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | 0.6554 | |||
| Total Risk Alpha | 0.1316 | |||
| Sortino Ratio | 0.1222 | |||
| Treynor Ratio | (2.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asuransi Harta'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.
Asuransi Harta Aman Backtested Returns
Asuransi Harta Aman secures Sharpe Ratio (or Efficiency) of -0.0874, which signifies that the company had a -0.0874% return per unit of risk over the last 3 months. Asuransi Harta Aman exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Harta's Risk Adjusted Performance of 0.0577, downside deviation of 4.98, and Mean Deviation of 5.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asuransi Harta are expected to decrease at a much lower rate. During the bear market, Asuransi Harta is likely to outperform the market. Asuransi Harta Aman has an expected return of -0.53%. Please make sure to confirm Asuransi Harta Aman treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Asuransi Harta Aman performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Asuransi Harta Aman has good predictability. Overlapping area represents the amount of predictability between Asuransi Harta time series from 27th of February 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Asuransi Harta Aman price movement. The serial correlation of 0.72 indicates that around 72.0% of current Asuransi Harta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 98.13 |
Asuransi Harta Aman lagged returns against current returns
Autocorrelation, which is Asuransi Harta 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 Asuransi Harta's stock expected returns. We can calculate the autocorrelation of Asuransi Harta returns to help us make a trade decision. For example, suppose you find that Asuransi Harta 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 |
Asuransi Harta 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 Asuransi Harta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Harta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Harta stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Harta Lagged Returns
When evaluating Asuransi Harta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Harta stock have on its future price. Asuransi Harta 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, Asuransi Harta autocorrelation shows the relationship between Asuransi Harta stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Harta Aman.
Regressed Prices |
| Timeline |
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Check out Asuransi Harta Correlation, Asuransi Harta Volatility and Asuransi Harta Alpha and Beta module to complement your research on Asuransi Harta. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Asuransi Stock analysis
When running Asuransi Harta's price analysis, check to measure Asuransi Harta'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 Asuransi Harta is operating at the current time. Most of Asuransi Harta's value examination focuses on studying past and present price action to predict the probability of Asuransi Harta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asuransi Harta's price. Additionally, you may evaluate how the addition of Asuransi Harta to your portfolios can decrease your overall portfolio volatility.
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Asuransi Harta 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.