Akasha Wira (Indonesia) Market Value
| ADES Stock | IDR 9,950 125.00 1.24% |
| Symbol | Akasha |
Akasha Wira '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 Akasha Wira'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 Akasha Wira.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Akasha Wira on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Akasha Wira International or generate 0.0% return on investment in Akasha Wira over 30 days. Akasha Wira is related to or competes with Fast Food, Enseval Putra, Hexindo Adiperkasa, and Astra Graphia. PT Akasha Wira International Tbk manufactures and distributes bottled drinking water and cosmetic products in Indonesia ... More
Akasha Wira 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 Akasha Wira'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 Akasha Wira International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.009 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 7.35 |
Akasha Wira Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akasha Wira's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akasha Wira's standard deviation. In reality, there are many statistical measures that can use Akasha Wira historical prices to predict the future Akasha Wira's volatility.| Risk Adjusted Performance | 0.0311 | |||
| Jensen Alpha | 0.1257 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.011 | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Akasha Wira'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.
Akasha Wira International Backtested Returns
Akasha Wira appears to be very steady, given 3 months investment horizon. Akasha Wira International secures Sharpe Ratio (or Efficiency) of 0.0681, which signifies that the company had a 0.0681% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Akasha Wira International, which you can use to evaluate the volatility of the firm. Please makes use of Akasha Wira's risk adjusted performance of 0.0311, and Mean Deviation of 1.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Akasha Wira holds a performance score of 5. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Akasha Wira are expected to decrease at a much lower rate. During the bear market, Akasha Wira is likely to outperform the market. Please check Akasha Wira's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Akasha Wira's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Akasha Wira International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Akasha Wira time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th 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 Akasha Wira International price movement. The serial correlation of -0.77 indicates that around 77.0% of current Akasha Wira price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 250.0 |
Akasha Wira International lagged returns against current returns
Autocorrelation, which is Akasha Wira 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 Akasha Wira's stock expected returns. We can calculate the autocorrelation of Akasha Wira returns to help us make a trade decision. For example, suppose you find that Akasha Wira 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 |
Akasha Wira 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 Akasha Wira stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akasha Wira stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akasha Wira stock over time.
Current vs Lagged Prices |
| Timeline |
Akasha Wira Lagged Returns
When evaluating Akasha Wira's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akasha Wira stock have on its future price. Akasha Wira 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, Akasha Wira autocorrelation shows the relationship between Akasha Wira stock current value and its past values and can show if there is a momentum factor associated with investing in Akasha Wira International.
Regressed Prices |
| Timeline |
Pair Trading with Akasha Wira
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 Akasha Wira 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 Akasha Wira will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Akasha Wira could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akasha Wira 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 Akasha Wira - 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 Akasha Wira International to buy it.
The correlation of Akasha Wira 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 Akasha Wira moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akasha Wira International 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 Akasha Wira 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 Akasha Wira Correlation, Akasha Wira Volatility and Akasha Wira Alpha and Beta module to complement your research on Akasha Wira. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Akasha Stock analysis
When running Akasha Wira's price analysis, check to measure Akasha Wira'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 Akasha Wira is operating at the current time. Most of Akasha Wira's value examination focuses on studying past and present price action to predict the probability of Akasha Wira's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akasha Wira's price. Additionally, you may evaluate how the addition of Akasha Wira to your portfolios can decrease your overall portfolio volatility.
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Akasha Wira 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.