Akasha Wira (Indonesia) Market Value

ADES Stock  IDR 9,100  700.00  7.14%   
Akasha Wira's market value is the price at which a share of Akasha Wira trades on a public exchange. It measures the collective expectations of Akasha Wira International investors about its performance. Akasha Wira is selling for 9100.00 as of the 28th of March 2024. This is a -7.14 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 9100.0.
With this module, you can estimate the performance of a buy and hold strategy of Akasha Wira International and determine expected loss or profit from investing in Akasha Wira over a given investment horizon. Check out Akasha Wira Correlation, Akasha Wira Volatility and Akasha Wira Alpha and Beta module to complement your research on Akasha Wira.
Symbol

Please note, there is a significant difference between Akasha Wira's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akasha Wira is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akasha Wira'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.

Akasha Wira '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 Akasha Wira'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 Akasha Wira.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Akasha Wira on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Akasha Wira International or generate 0.0% return on investment in Akasha Wira over 30 days. Akasha Wira is related to or competes with Indo Acidatama, Trinitan Metals, Bank Ocbc, Optima Prima, Indonesian Tobacco, and Weha Transportasi. PT Akasha Wira International Tbk manufactures and distributes bottled drinking water and cosmetic products in Indonesia ... More

Akasha Wira 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 Akasha Wira'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 Akasha Wira International upside and downside potential and time the market with a certain degree of confidence.

Akasha Wira Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Akasha Wira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akasha Wira's standard deviation. In reality, there are many statistical measures that can use Akasha Wira historical prices to predict the future Akasha Wira's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akasha Wira'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
9,0979,1009,103
Details
Intrinsic
Valuation
LowRealHigh
8,0308,03210,010
Details
Naive
Forecast
LowNextHigh
9,4099,4129,414
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8,9079,56710,227
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Akasha Wira. Your research has to be compared to or analyzed against Akasha Wira's peers to derive any actionable benefits. When done correctly, Akasha Wira'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 Akasha Wira International.

Akasha Wira International Backtested Returns

Akasha Wira International secures Sharpe Ratio (or Efficiency) of -0.027, which signifies that the company had a -0.027% return per unit of standard deviation over the last 3 months. Akasha Wira International exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akasha Wira's risk adjusted performance of 0.0082, and Mean Deviation of 1.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Akasha Wira are expected to decrease at a much lower rate. During the bear market, Akasha Wira is likely to outperform the market. Akasha Wira International has an expected return of -0.0716%. Please make sure to confirm Akasha Wira International market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Akasha Wira International performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.15  

Insignificant predictability

Akasha Wira International has insignificant predictability. Overlapping area represents the amount of predictability between Akasha Wira 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 Akasha Wira International price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Akasha Wira price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.2
Residual Average0.0
Price Variance21.9 K

Akasha Wira International lagged returns against current returns

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

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

Akasha Wira Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Akasha Wira in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Akasha Wira's short interest history, or implied volatility extrapolated from Akasha Wira options trading.

Pair Trading with Akasha Wira

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 Akasha Wira 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 Akasha Wira will appreciate offsetting losses from the drop in the long position's value.

Moving against Akasha Stock

  0.46BUKA PT BukalapakPairCorr
  0.44GOTO GoTo Gojek TokopediaPairCorr
  0.42KPIG Mnc Land TbkPairCorr
The ability to find closely correlated positions to Akasha Wira could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akasha Wira 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 Akasha Wira - 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 Akasha Wira International to buy it.
The correlation of Akasha Wira 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 Akasha Wira moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akasha Wira International 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 Akasha Wira 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 Akasha Wira Correlation, Akasha Wira Volatility and Akasha Wira Alpha and Beta module to complement your research on Akasha Wira.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Akasha Wira's price analysis, check to measure Akasha Wira'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 Akasha Wira is operating at the current time. Most of Akasha Wira's value examination focuses on studying past and present price action to predict the probability of Akasha Wira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akasha Wira's price. Additionally, you may evaluate how the addition of Akasha Wira to your portfolios can decrease your overall portfolio volatility.
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Akasha Wira 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 Akasha Wira technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Akasha Wira 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...