Astra Graphia Tbk Stock Beneish M Score
ASGR Stock | IDR 770.00 1.00 0.13% |
Astra |
At this time, Astra Graphia's M Score is inapplicable. The earnings manipulation may begin if Astra Graphia's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Astra Graphia executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Astra Graphia's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
Did you try this?
Run Portfolio Anywhere Now
Portfolio AnywhereTrack or share privately all of your investments from the convenience of any device |
All Next | Launch Module |
About Astra Graphia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Astra Graphia Tbk's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astra Graphia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astra Graphia Tbk based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Astra Graphia 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, Astra Graphia's short interest history, or implied volatility extrapolated from Astra Graphia options trading.
Pair Trading with Astra Graphia
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 Astra Graphia 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 Astra Graphia will appreciate offsetting losses from the drop in the long position's value.Moving together with Astra Stock
0.74 | BYAN | Bayan Resources Tbk | PairCorr |
Moving against Astra Stock
0.76 | TPIA | Chandra Asri Petroch | PairCorr |
0.43 | BMRI | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Astra Graphia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Graphia 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 Astra Graphia - 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 Astra Graphia Tbk to buy it.
The correlation of Astra Graphia 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 Astra Graphia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra Graphia Tbk 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 Astra Graphia 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Graphia Tbk. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Astra Stock analysis
When running Astra Graphia's price analysis, check to measure Astra Graphia'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 Astra Graphia is operating at the current time. Most of Astra Graphia's value examination focuses on studying past and present price action to predict the probability of Astra Graphia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra Graphia's price. Additionally, you may evaluate how the addition of Astra Graphia to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Transaction History View history of all your transactions and understand their impact on performance | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |