Asuransi Jiwa (Indonesia) Market Value
| JMAS Stock | IDR 55.00 0.00 0.00% |
| Symbol | Asuransi |
Asuransi Jiwa '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 Asuransi Jiwa'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 Asuransi Jiwa.
| 04/26/2024 |
| 05/26/2024 |
If you would invest 0.00 in Asuransi Jiwa on April 26, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Jiwa Syariah or generate 0.0% return on investment in Asuransi Jiwa over 30 days. Asuransi Jiwa is related to or competes with Pelita Samudera, Garuda Metalindo, Kioson Komersial, Bank Panin, and Fortune Mate. PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk operates as a sharia life insurance company in Indonesia More
Asuransi Jiwa 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 Asuransi Jiwa'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 Asuransi Jiwa Syariah upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.6 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 26.33 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.66 |
Asuransi Jiwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Jiwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Jiwa's standard deviation. In reality, there are many statistical measures that can use Asuransi Jiwa historical prices to predict the future Asuransi Jiwa's volatility.| Risk Adjusted Performance | 0.0139 | |||
| Jensen Alpha | 0.0134 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0845 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asuransi Jiwa'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.
Asuransi Jiwa Syariah Backtested Returns
Asuransi Jiwa Syariah secures Sharpe Ratio (or Efficiency) of -0.0385, which signifies that the company had a -0.0385% return per unit of risk over the last 3 months. Asuransi Jiwa Syariah exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Jiwa's Downside Deviation of 3.6, mean deviation of 2.26, and Risk Adjusted Performance of 0.0139 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asuransi Jiwa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asuransi Jiwa is expected to be smaller as well. Asuransi Jiwa Syariah has an expected return of -0.1%. Please make sure to confirm Asuransi Jiwa Syariah sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Asuransi Jiwa Syariah performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Asuransi Jiwa Syariah has modest reverse predictability. Overlapping area represents the amount of predictability between Asuransi Jiwa time series from 26th of April 2024 to 11th of May 2024 and 11th of May 2024 to 26th 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 Asuransi Jiwa Syariah price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Asuransi Jiwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Asuransi Jiwa Syariah lagged returns against current returns
Autocorrelation, which is Asuransi Jiwa 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 Asuransi Jiwa's stock expected returns. We can calculate the autocorrelation of Asuransi Jiwa returns to help us make a trade decision. For example, suppose you find that Asuransi Jiwa 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 |
Asuransi Jiwa 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 Asuransi Jiwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Jiwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Jiwa stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Jiwa Lagged Returns
When evaluating Asuransi Jiwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Jiwa stock have on its future price. Asuransi Jiwa 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, Asuransi Jiwa autocorrelation shows the relationship between Asuransi Jiwa stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Jiwa Syariah.
Regressed Prices |
| Timeline |
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Check out Asuransi Jiwa Correlation, Asuransi Jiwa Volatility and Asuransi Jiwa Alpha and Beta module to complement your research on Asuransi Jiwa. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Asuransi Stock analysis
When running Asuransi Jiwa's price analysis, check to measure Asuransi Jiwa'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 Asuransi Jiwa is operating at the current time. Most of Asuransi Jiwa's value examination focuses on studying past and present price action to predict the probability of Asuransi Jiwa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asuransi Jiwa's price. Additionally, you may evaluate how the addition of Asuransi Jiwa to your portfolios can decrease your overall portfolio volatility.
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Asuransi Jiwa 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.