FKS Food (Indonesia) Market Value
| AISA Stock | IDR 119.00 1.00 0.85% |
| Symbol | FKS |
FKS Food '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 FKS Food'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 FKS Food.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in FKS Food on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding FKS Food Sejahtera or generate 0.0% return on investment in FKS Food over 30 days. FKS Food is related to or competes with Astra International, Telkom Indonesia, and Kalbe Farma. PT FKS Food Sejahtera Tbk, through its subsidiaries, engages in manufacturing, wholesale, and retail trade of food in In... More
FKS Food 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 FKS Food'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 FKS Food Sejahtera upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.65 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.31 |
FKS Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FKS Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FKS Food's standard deviation. In reality, there are many statistical measures that can use FKS Food historical prices to predict the future FKS Food's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FKS Food'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.
FKS Food Sejahtera Backtested Returns
FKS Food Sejahtera secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of volatility over the last 3 months. FKS Food Sejahtera exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FKS Food's Mean Deviation of 1.15, standard deviation of 1.52, and Market Risk Adjusted Performance of (1.02) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, FKS Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding FKS Food is expected to be smaller as well. FKS Food Sejahtera has an expected return of -0.17%. Please make sure to confirm FKS Food Sejahtera total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if FKS Food Sejahtera performance from the past will be repeated at future time.
Auto-correlation | 0.43 |
Average predictability
FKS Food Sejahtera has average predictability. Overlapping area represents the amount of predictability between FKS Food time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th of April 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 FKS Food Sejahtera price movement. The serial correlation of 0.43 indicates that just about 43.0% of current FKS Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.24 |
FKS Food Sejahtera lagged returns against current returns
Autocorrelation, which is FKS Food 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 FKS Food's stock expected returns. We can calculate the autocorrelation of FKS Food returns to help us make a trade decision. For example, suppose you find that FKS Food 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 |
FKS Food 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 FKS Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FKS Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FKS Food stock over time.
Current vs Lagged Prices |
| Timeline |
FKS Food Lagged Returns
When evaluating FKS Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FKS Food stock have on its future price. FKS Food 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, FKS Food autocorrelation shows the relationship between FKS Food stock current value and its past values and can show if there is a momentum factor associated with investing in FKS Food Sejahtera.
Regressed Prices |
| Timeline |
Pair Trading with FKS Food
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 FKS Food 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 FKS Food will appreciate offsetting losses from the drop in the long position's value.Moving together with FKS Stock
| 0.91 | PBRX | Pan Brothers Tbk | PairCorr |
Moving against FKS Stock
| 0.63 | UNTR | United Tractors Tbk | PairCorr |
| 0.57 | AMRT | Sumber Alfaria Trijaya | PairCorr |
The ability to find closely correlated positions to FKS Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FKS Food 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 FKS Food - 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 FKS Food Sejahtera to buy it.
The correlation of FKS Food 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 FKS Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FKS Food Sejahtera 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 FKS Food 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 FKS Food Correlation, FKS Food Volatility and FKS Food Alpha and Beta module to complement your research on FKS Food. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for FKS Stock analysis
When running FKS Food's price analysis, check to measure FKS Food'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 FKS Food is operating at the current time. Most of FKS Food's value examination focuses on studying past and present price action to predict the probability of FKS Food's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FKS Food's price. Additionally, you may evaluate how the addition of FKS Food to your portfolios can decrease your overall portfolio volatility.
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FKS Food 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.