Asuransi Jasa (Indonesia) Market Value
| ASJT Stock | IDR 115.00 1.00 0.86% |
| Symbol | Asuransi |
Asuransi Jasa '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 Jasa'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 Jasa.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Asuransi Jasa on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Asuransi Jasa Tania or generate 0.0% return on investment in Asuransi Jasa over 30 days. Asuransi Jasa is related to or competes with Asuransi Bintang, Asuransi Ramayana, Asuransi Harta, Asuransi Dayin, and Asuransi Bina. PT Asuransi Jasa Tania Tbk provides general insurance products and services in Indonesia More
Asuransi Jasa 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 Jasa'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 Jasa Tania upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.56 |
Asuransi Jasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asuransi Jasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asuransi Jasa's standard deviation. In reality, there are many statistical measures that can use Asuransi Jasa historical prices to predict the future Asuransi Jasa's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asuransi Jasa'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 Jasa Tania Backtested Returns
Asuransi Jasa Tania secures Sharpe Ratio (or Efficiency) of -0.0155, which signifies that the company had a -0.0155% return per unit of risk over the last 3 months. Asuransi Jasa Tania exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asuransi Jasa's Mean Deviation of 1.1, risk adjusted performance of (0), and Standard Deviation of 1.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asuransi Jasa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asuransi Jasa is expected to be smaller as well. Asuransi Jasa Tania has an expected return of -0.0224%. Please make sure to confirm Asuransi Jasa Tania maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Asuransi Jasa Tania performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Asuransi Jasa Tania has poor reverse predictability. Overlapping area represents the amount of predictability between Asuransi Jasa time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Jasa Tania price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Asuransi Jasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Asuransi Jasa Tania lagged returns against current returns
Autocorrelation, which is Asuransi Jasa 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 Jasa's stock expected returns. We can calculate the autocorrelation of Asuransi Jasa returns to help us make a trade decision. For example, suppose you find that Asuransi Jasa 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 Jasa 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 Jasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asuransi Jasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asuransi Jasa stock over time.
Current vs Lagged Prices |
| Timeline |
Asuransi Jasa Lagged Returns
When evaluating Asuransi Jasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asuransi Jasa stock have on its future price. Asuransi Jasa 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 Jasa autocorrelation shows the relationship between Asuransi Jasa stock current value and its past values and can show if there is a momentum factor associated with investing in Asuransi Jasa Tania.
Regressed Prices |
| Timeline |
Pair Trading with Asuransi Jasa
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 Asuransi Jasa 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 Asuransi Jasa will appreciate offsetting losses from the drop in the long position's value.Moving against Asuransi Stock
| 0.46 | BNLI | Bank Permata Tbk | PairCorr |
The ability to find closely correlated positions to Asuransi Jasa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asuransi Jasa 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 Asuransi Jasa - 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 Asuransi Jasa Tania to buy it.
The correlation of Asuransi Jasa 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 Asuransi Jasa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asuransi Jasa Tania 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 Asuransi Jasa 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 Asuransi Jasa Correlation, Asuransi Jasa Volatility and Asuransi Jasa Alpha and Beta module to complement your research on Asuransi Jasa. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Asuransi Stock analysis
When running Asuransi Jasa's price analysis, check to measure Asuransi Jasa'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 Jasa is operating at the current time. Most of Asuransi Jasa's value examination focuses on studying past and present price action to predict the probability of Asuransi Jasa'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 Jasa's price. Additionally, you may evaluate how the addition of Asuransi Jasa to your portfolios can decrease your overall portfolio volatility.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Asuransi Jasa 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.