Akr Corporindo (Indonesia) Market Value
| AKRA Stock | IDR 1,650 25.00 1.49% |
| Symbol | Akr |
Akr Corporindo '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 Akr Corporindo'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 Akr Corporindo.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Akr Corporindo on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Akr Corporindo Tbk or generate 0.0% return on investment in Akr Corporindo over 30 days. Akr Corporindo is related to or competes with Megapolitan Developments, Bumi Resources, Royalindo Investa, Pollux Properti, Modern Internasional, Indoritel Makmur, and Urban Jakarta. More
Akr Corporindo 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 Akr Corporindo'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 Akr Corporindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0226 | |||
| Maximum Drawdown | 12.46 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 3.06 |
Akr Corporindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akr Corporindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akr Corporindo's standard deviation. In reality, there are many statistical measures that can use Akr Corporindo historical prices to predict the future Akr Corporindo's volatility.| Risk Adjusted Performance | 0.0399 | |||
| Jensen Alpha | 0.0975 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akr Corporindo'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.
Akr Corporindo Tbk Backtested Returns
We consider Akr Corporindo very steady. Akr Corporindo Tbk secures Sharpe Ratio (or Efficiency) of 0.0365, which signifies that the company had a 0.0365% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Akr Corporindo Tbk, which you can use to evaluate the volatility of the firm. Please confirm Akr Corporindo's Downside Deviation of 2.22, risk adjusted performance of 0.0399, and Mean Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.0753%. Akr Corporindo has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Akr Corporindo are expected to decrease at a much lower rate. During the bear market, Akr Corporindo is likely to outperform the market. Akr Corporindo Tbk right now shows a risk of 2.06%. Please confirm Akr Corporindo Tbk sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Akr Corporindo Tbk will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Akr Corporindo Tbk has very good reverse predictability. Overlapping area represents the amount of predictability between Akr Corporindo time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Akr Corporindo Tbk price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Akr Corporindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1472.92 |
Akr Corporindo Tbk lagged returns against current returns
Autocorrelation, which is Akr Corporindo 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 Akr Corporindo's stock expected returns. We can calculate the autocorrelation of Akr Corporindo returns to help us make a trade decision. For example, suppose you find that Akr Corporindo 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 |
Akr Corporindo 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 Akr Corporindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akr Corporindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akr Corporindo stock over time.
Current vs Lagged Prices |
| Timeline |
Akr Corporindo Lagged Returns
When evaluating Akr Corporindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akr Corporindo stock have on its future price. Akr Corporindo 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, Akr Corporindo autocorrelation shows the relationship between Akr Corporindo stock current value and its past values and can show if there is a momentum factor associated with investing in Akr Corporindo Tbk.
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 Akr Corporindo 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, Akr Corporindo's short interest history, or implied volatility extrapolated from Akr Corporindo options trading.
Pair Trading with Akr Corporindo
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 Akr Corporindo 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 Akr Corporindo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Akr Corporindo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akr Corporindo 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 Akr Corporindo - 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 Akr Corporindo Tbk to buy it.
The correlation of Akr Corporindo 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 Akr Corporindo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akr Corporindo 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 Akr Corporindo 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 Akr Corporindo Correlation, Akr Corporindo Volatility and Akr Corporindo Alpha and Beta module to complement your research on Akr Corporindo. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Akr Stock analysis
When running Akr Corporindo's price analysis, check to measure Akr Corporindo'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 Akr Corporindo is operating at the current time. Most of Akr Corporindo's value examination focuses on studying past and present price action to predict the probability of Akr Corporindo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akr Corporindo's price. Additionally, you may evaluate how the addition of Akr Corporindo to your portfolios can decrease your overall portfolio volatility.
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Akr Corporindo 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.