Roda Vivatex (Indonesia) Market Value
| RDTX Stock | IDR 13,900 300.00 2.11% |
| Symbol | Roda |
Roda Vivatex '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 Roda Vivatex'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 Roda Vivatex.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Roda Vivatex on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Roda Vivatex Tbk or generate 0.0% return on investment in Roda Vivatex over 30 days. Roda Vivatex is related to or competes with Jaya Real, Intiland Development, Modernland Realty, Lippo Cikarang, and Greenwood Sejahtera. More
Roda Vivatex 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 Roda Vivatex'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 Roda Vivatex Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.15 |
Roda Vivatex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Roda Vivatex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Roda Vivatex's standard deviation. In reality, there are many statistical measures that can use Roda Vivatex historical prices to predict the future Roda Vivatex's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Roda Vivatex'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.
Roda Vivatex Tbk Backtested Returns
Roda Vivatex Tbk maintains Sharpe Ratio (i.e., Efficiency) of -0.0043, which implies the firm had a -0.0043% return per unit of risk over the last 3 months. Roda Vivatex Tbk exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Roda Vivatex's Coefficient Of Variation of (8,223), risk adjusted performance of (0), and Variance of 1.44 to confirm the risk estimate we provide. The company holds a Beta of 0.0242, which implies not very significant fluctuations relative to the market. As returns on the market increase, Roda Vivatex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Roda Vivatex is expected to be smaller as well. Roda Vivatex Tbk has an expected return of -0.0057%. Please make sure to check Roda Vivatex Tbk standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Roda Vivatex Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Roda Vivatex Tbk has average predictability. Overlapping area represents the amount of predictability between Roda Vivatex time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th 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 Roda Vivatex Tbk price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Roda Vivatex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 8472.22 |
Roda Vivatex Tbk lagged returns against current returns
Autocorrelation, which is Roda Vivatex 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 Roda Vivatex's stock expected returns. We can calculate the autocorrelation of Roda Vivatex returns to help us make a trade decision. For example, suppose you find that Roda Vivatex 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 |
Roda Vivatex 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 Roda Vivatex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Roda Vivatex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Roda Vivatex stock over time.
Current vs Lagged Prices |
| Timeline |
Roda Vivatex Lagged Returns
When evaluating Roda Vivatex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Roda Vivatex stock have on its future price. Roda Vivatex 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, Roda Vivatex autocorrelation shows the relationship between Roda Vivatex stock current value and its past values and can show if there is a momentum factor associated with investing in Roda Vivatex Tbk.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Roda Vivatex Correlation, Roda Vivatex Volatility and Roda Vivatex Alpha and Beta module to complement your research on Roda Vivatex. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Roda Stock analysis
When running Roda Vivatex's price analysis, check to measure Roda Vivatex'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 Roda Vivatex is operating at the current time. Most of Roda Vivatex's value examination focuses on studying past and present price action to predict the probability of Roda Vivatex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roda Vivatex's price. Additionally, you may evaluate how the addition of Roda Vivatex to your portfolios can decrease your overall portfolio volatility.
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Roda Vivatex 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.