Pelita Samudera (Indonesia) Market Value
| PSSI Stock | IDR 446.00 2.00 0.45% |
| Symbol | Pelita |
Pelita Samudera '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 Pelita Samudera'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 Pelita Samudera.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Pelita Samudera on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Pelita Samudera Shipping or generate 0.0% return on investment in Pelita Samudera over 30 days. Pelita Samudera is related to or competes with Bank Central, Bank Rakyat, Bayan Resources, Bank Mandiri, Astra International, Chandra Asri, and Bank Negara. More
Pelita Samudera 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 Pelita Samudera'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 Pelita Samudera Shipping upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 7.83 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.0 |
Pelita Samudera Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pelita Samudera's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pelita Samudera's standard deviation. In reality, there are many statistical measures that can use Pelita Samudera historical prices to predict the future Pelita Samudera's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pelita Samudera'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.
Pelita Samudera Shipping Backtested Returns
Pelita Samudera Shipping maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Pelita Samudera Shipping exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pelita Samudera's Risk Adjusted Performance of (0.13), coefficient of variation of (469.56), and Variance of 1.13 to confirm the risk estimate we provide. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pelita Samudera's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pelita Samudera is expected to be smaller as well. Pelita Samudera Shipping has an expected return of -0.18%. Please make sure to check Pelita Samudera Shipping treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Pelita Samudera Shipping performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Pelita Samudera Shipping has average predictability. Overlapping area represents the amount of predictability between Pelita Samudera time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Pelita Samudera Shipping price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Pelita Samudera price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 21.33 |
Pelita Samudera Shipping lagged returns against current returns
Autocorrelation, which is Pelita Samudera 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 Pelita Samudera's stock expected returns. We can calculate the autocorrelation of Pelita Samudera returns to help us make a trade decision. For example, suppose you find that Pelita Samudera 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 |
Pelita Samudera 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 Pelita Samudera stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pelita Samudera stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pelita Samudera stock over time.
Current vs Lagged Prices |
| Timeline |
Pelita Samudera Lagged Returns
When evaluating Pelita Samudera's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pelita Samudera stock have on its future price. Pelita Samudera 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, Pelita Samudera autocorrelation shows the relationship between Pelita Samudera stock current value and its past values and can show if there is a momentum factor associated with investing in Pelita Samudera Shipping.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pelita Samudera in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pelita Samudera's short interest history, or implied volatility extrapolated from Pelita Samudera options trading.
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Check out Pelita Samudera Correlation, Pelita Samudera Volatility and Pelita Samudera Alpha and Beta module to complement your research on Pelita Samudera. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Pelita Stock analysis
When running Pelita Samudera's price analysis, check to measure Pelita Samudera'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 Pelita Samudera is operating at the current time. Most of Pelita Samudera's value examination focuses on studying past and present price action to predict the probability of Pelita Samudera's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pelita Samudera's price. Additionally, you may evaluate how the addition of Pelita Samudera to your portfolios can decrease your overall portfolio volatility.
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Pelita Samudera 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.