Austindo Nusantara (Indonesia) Market Value
| ANJT Stock | IDR 680.00 15.00 2.16% |
| Symbol | Austindo |
Austindo Nusantara '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 Austindo Nusantara'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 Austindo Nusantara.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Austindo Nusantara on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Austindo Nusantara Jaya or generate 0.0% return on investment in Austindo Nusantara over 30 days. Austindo Nusantara is related to or competes with Polychem Indonesia, Astra Graphia, and Astra Otoparts. PT Austindo Nusantara Jaya Tbk engages in the oil palm plantation business in Indonesia More
Austindo Nusantara 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 Austindo Nusantara'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 Austindo Nusantara Jaya upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.0 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.41 |
Austindo Nusantara Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Austindo Nusantara's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Austindo Nusantara's standard deviation. In reality, there are many statistical measures that can use Austindo Nusantara historical prices to predict the future Austindo Nusantara's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.657 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Austindo Nusantara'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.
Austindo Nusantara Jaya Backtested Returns
Austindo Nusantara Jaya secures Sharpe Ratio (or Efficiency) of -0.0659, which signifies that the company had a -0.0659% return per unit of risk over the last 3 months. Austindo Nusantara Jaya exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Austindo Nusantara's Risk Adjusted Performance of (0.09), standard deviation of 0.94, and Mean Deviation of 0.7176 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Austindo Nusantara are expected to decrease at a much lower rate. During the bear market, Austindo Nusantara is likely to outperform the market. Austindo Nusantara Jaya has an expected return of -0.0659%. Please make sure to confirm Austindo Nusantara Jaya treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Austindo Nusantara Jaya performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Austindo Nusantara Jaya has average predictability. Overlapping area represents the amount of predictability between Austindo Nusantara 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 Austindo Nusantara Jaya price movement. The serial correlation of 0.47 indicates that about 47.0% of current Austindo Nusantara price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 25.0 |
Austindo Nusantara Jaya lagged returns against current returns
Autocorrelation, which is Austindo Nusantara 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 Austindo Nusantara's stock expected returns. We can calculate the autocorrelation of Austindo Nusantara returns to help us make a trade decision. For example, suppose you find that Austindo Nusantara 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 |
Austindo Nusantara 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 Austindo Nusantara stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Austindo Nusantara stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Austindo Nusantara stock over time.
Current vs Lagged Prices |
| Timeline |
Austindo Nusantara Lagged Returns
When evaluating Austindo Nusantara's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Austindo Nusantara stock have on its future price. Austindo Nusantara 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, Austindo Nusantara autocorrelation shows the relationship between Austindo Nusantara stock current value and its past values and can show if there is a momentum factor associated with investing in Austindo Nusantara Jaya.
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 Austindo Nusantara 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, Austindo Nusantara's short interest history, or implied volatility extrapolated from Austindo Nusantara options trading.
Pair Trading with Austindo Nusantara
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 Austindo Nusantara 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 Austindo Nusantara will appreciate offsetting losses from the drop in the long position's value.Moving together with Austindo Stock
| 0.69 | AALI | Astra Agro Lestari | PairCorr |
The ability to find closely correlated positions to Austindo Nusantara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Austindo Nusantara 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 Austindo Nusantara - 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 Austindo Nusantara Jaya to buy it.
The correlation of Austindo Nusantara 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 Austindo Nusantara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Austindo Nusantara Jaya 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 Austindo Nusantara 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 Austindo Nusantara Correlation, Austindo Nusantara Volatility and Austindo Nusantara Alpha and Beta module to complement your research on Austindo Nusantara. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Austindo Stock analysis
When running Austindo Nusantara's price analysis, check to measure Austindo Nusantara'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 Austindo Nusantara is operating at the current time. Most of Austindo Nusantara's value examination focuses on studying past and present price action to predict the probability of Austindo Nusantara's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Austindo Nusantara's price. Additionally, you may evaluate how the addition of Austindo Nusantara to your portfolios can decrease your overall portfolio volatility.
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Austindo Nusantara 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.