Bisi International (Indonesia) Market Value
| BISI Stock | IDR 1,760 10.00 0.57% |
| Symbol | Bisi |
Bisi International '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 Bisi International'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 Bisi International.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Bisi International on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Bisi International Tbk or generate 0.0% return on investment in Bisi International over 30 days. Bisi International is related to or competes with Perusahaan Perkebunan, United Tractors, Vale Indonesia, and Astra International. PT BISI International Tbk, together with its subsidiaries, produces and sells hybrid seeds for corn and rice in Indonesi... More
Bisi International 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 Bisi International'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 Bisi International Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.0621 | |||
| Maximum Drawdown | 13.56 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 3.96 |
Bisi International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bisi International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bisi International's standard deviation. In reality, there are many statistical measures that can use Bisi International historical prices to predict the future Bisi International's volatility.| Risk Adjusted Performance | 0.069 | |||
| Jensen Alpha | 0.2077 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | (19.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bisi International'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.
Bisi International Tbk Backtested Returns
Bisi International appears to be very steady, given 3 months investment horizon. Bisi International Tbk secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bisi International Tbk, which you can use to evaluate the volatility of the firm. Please makes use of Bisi International's Downside Deviation of 2.59, mean deviation of 1.51, and Risk Adjusted Performance of 0.069 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bisi International holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0108, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bisi International are expected to decrease at a much lower rate. During the bear market, Bisi International is likely to outperform the market. Please check Bisi International's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Bisi International's price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Bisi International Tbk has weak predictability. Overlapping area represents the amount of predictability between Bisi International time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th 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 Bisi International Tbk price movement. The serial correlation of 0.21 indicates that over 21.0% of current Bisi International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 330.56 |
Bisi International Tbk lagged returns against current returns
Autocorrelation, which is Bisi International 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 Bisi International's stock expected returns. We can calculate the autocorrelation of Bisi International returns to help us make a trade decision. For example, suppose you find that Bisi International 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 |
Bisi International 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 Bisi International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bisi International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bisi International stock over time.
Current vs Lagged Prices |
| Timeline |
Bisi International Lagged Returns
When evaluating Bisi International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bisi International stock have on its future price. Bisi International 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, Bisi International autocorrelation shows the relationship between Bisi International stock current value and its past values and can show if there is a momentum factor associated with investing in Bisi International Tbk.
Regressed Prices |
| Timeline |
Pair Trading with Bisi International
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 Bisi International 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 Bisi International will appreciate offsetting losses from the drop in the long position's value.Moving together with Bisi Stock
| 0.81 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.69 | BMRI | Bank Mandiri Persero | PairCorr |
Moving against Bisi Stock
| 0.79 | PBRX | Pan Brothers Tbk | PairCorr |
| 0.45 | AALI | Astra Agro Lestari | PairCorr |
The ability to find closely correlated positions to Bisi International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bisi International 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 Bisi International - 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 Bisi International Tbk to buy it.
The correlation of Bisi International 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 Bisi International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bisi International 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 Bisi International 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 Bisi International Correlation, Bisi International Volatility and Bisi International Alpha and Beta module to complement your research on Bisi International. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Bisi Stock analysis
When running Bisi International's price analysis, check to measure Bisi International'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 Bisi International is operating at the current time. Most of Bisi International's value examination focuses on studying past and present price action to predict the probability of Bisi International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bisi International's price. Additionally, you may evaluate how the addition of Bisi International to your portfolios can decrease your overall portfolio volatility.
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Bisi International 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.