Indofood Cbp (Indonesia) Market Value
| ICBP Stock | IDR 10,300 300.00 2.83% |
| Symbol | Indofood |
Indofood Cbp '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 Indofood Cbp'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 Indofood Cbp.
| 04/16/2024 |
| 05/16/2024 |
If you would invest 0.00 in Indofood Cbp on April 16, 2024 and sell it all today you would earn a total of 0.00 from holding Indofood Cbp Sukses or generate 0.0% return on investment in Indofood Cbp over 30 days. Indofood Cbp is related to or competes with Pyridam Farma, Mandom Indonesia, Langgeng Makmur, Merck Tbk, and Lautan Luas. PT Indofood CBP Sukses Makmur Tbk, together with its subsidiaries, produces and sells consumers products in Indonesia, r... More
Indofood Cbp 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 Indofood Cbp'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 Indofood Cbp Sukses upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.37 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.58 |
Indofood Cbp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indofood Cbp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indofood Cbp's standard deviation. In reality, there are many statistical measures that can use Indofood Cbp historical prices to predict the future Indofood Cbp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.6473 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Indofood Cbp'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.
Indofood Cbp Sukses Backtested Returns
Indofood Cbp Sukses holds Efficiency (Sharpe) Ratio of -0.081, which attests that the entity had a -0.081% return per unit of risk over the last 3 months. Indofood Cbp Sukses exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indofood Cbp's Market Risk Adjusted Performance of 0.6573, standard deviation of 2.16, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Indofood Cbp are expected to decrease at a much lower rate. During the bear market, Indofood Cbp is likely to outperform the market. Indofood Cbp Sukses has an expected return of -0.18%. Please make sure to check out Indofood Cbp jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Indofood Cbp Sukses performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Indofood Cbp Sukses has weak reverse predictability. Overlapping area represents the amount of predictability between Indofood Cbp time series from 16th of April 2024 to 1st of May 2024 and 1st of May 2024 to 16th 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 Indofood Cbp Sukses price movement. The serial correlation of -0.23 indicates that over 23.0% of current Indofood Cbp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 54.2 K |
Indofood Cbp Sukses lagged returns against current returns
Autocorrelation, which is Indofood Cbp 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 Indofood Cbp's stock expected returns. We can calculate the autocorrelation of Indofood Cbp returns to help us make a trade decision. For example, suppose you find that Indofood Cbp 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 |
Indofood Cbp 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 Indofood Cbp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indofood Cbp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indofood Cbp stock over time.
Current vs Lagged Prices |
| Timeline |
Indofood Cbp Lagged Returns
When evaluating Indofood Cbp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indofood Cbp stock have on its future price. Indofood Cbp 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, Indofood Cbp autocorrelation shows the relationship between Indofood Cbp stock current value and its past values and can show if there is a momentum factor associated with investing in Indofood Cbp Sukses.
Regressed Prices |
| Timeline |
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Complementary Tools for Indofood Stock analysis
When running Indofood Cbp's price analysis, check to measure Indofood Cbp'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 Indofood Cbp is operating at the current time. Most of Indofood Cbp's value examination focuses on studying past and present price action to predict the probability of Indofood Cbp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indofood Cbp's price. Additionally, you may evaluate how the addition of Indofood Cbp to your portfolios can decrease your overall portfolio volatility.
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Indofood Cbp 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.