Wir Asia (Indonesia) Market Value
| WIRG Stock | 93.00 1.00 1.06% |
| Symbol | Wir |
Wir Asia '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 Wir Asia'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 Wir Asia.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Wir Asia on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Wir Asia Tbk or generate 0.0% return on investment in Wir Asia over 30 days. Wir Asia is related to or competes with Multipolar Technology, Digital Mediatama, NFC Indonesia, and Kioson Komersial. More
Wir Asia 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 Wir Asia'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 Wir Asia Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.0394 | |||
| Maximum Drawdown | 27.51 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 6.03 |
Wir Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wir Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wir Asia's standard deviation. In reality, there are many statistical measures that can use Wir Asia historical prices to predict the future Wir Asia's volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.3205 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0598 | |||
| Treynor Ratio | (1.09) |
Wir Asia Tbk Backtested Returns
Wir Asia appears to be very steady, given 3 months investment horizon. Wir Asia Tbk shows Sharpe Ratio of 0.0651, which attests that the company had a 0.0651% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wir Asia Tbk, which you can use to evaluate the volatility of the company. Please utilize Wir Asia's Market Risk Adjusted Performance of (1.08), mean deviation of 2.9, and Downside Deviation of 2.92 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wir Asia holds a performance score of 5. The firm maintains a market beta of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wir Asia are expected to decrease at a much lower rate. During the bear market, Wir Asia is likely to outperform the market. Please check Wir Asia's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Wir Asia's historical returns will revert.
Auto-correlation | 0.75 |
Good predictability
Wir Asia Tbk has good predictability. Overlapping area represents the amount of predictability between Wir Asia time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Wir Asia Tbk price movement. The serial correlation of 0.75 indicates that around 75.0% of current Wir Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 25.24 |
Wir Asia Tbk lagged returns against current returns
Autocorrelation, which is Wir Asia 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 Wir Asia's stock expected returns. We can calculate the autocorrelation of Wir Asia returns to help us make a trade decision. For example, suppose you find that Wir Asia 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 |
Wir Asia 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 Wir Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wir Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wir Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Wir Asia Lagged Returns
When evaluating Wir Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wir Asia stock have on its future price. Wir Asia 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, Wir Asia autocorrelation shows the relationship between Wir Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Wir Asia Tbk.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Wir Stock
Wir Asia financial ratios help investors to determine whether Wir Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wir with respect to the benefits of owning Wir Asia security.