Adaro Minerals (Indonesia) Market Value
| ADMR Stock | 1,295 15.00 1.15% |
| Symbol | Adaro |
Adaro Minerals '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 Adaro Minerals' 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 Adaro Minerals.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Adaro Minerals on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Adaro Minerals Indonesia or generate 0.0% return on investment in Adaro Minerals over 720 days. Adaro Minerals is related to or competes with Bank Artos, GoTo Gojek, Elang Mahkota, PT Bukalapak, and Merdeka Copper. More
Adaro Minerals 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 Adaro Minerals' 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 Adaro Minerals Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.79 |
Adaro Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adaro Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adaro Minerals' standard deviation. In reality, there are many statistical measures that can use Adaro Minerals historical prices to predict the future Adaro Minerals' volatility.| Risk Adjusted Performance | 0.0251 | |||
| Jensen Alpha | 0.0696 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.20) |
Adaro Minerals Indonesia Backtested Returns
As of now, Adaro Stock is very steady. Adaro Minerals Indonesia secures Sharpe Ratio (or Efficiency) of 0.0217, which signifies that the company had a 0.0217% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Adaro Minerals Indonesia, which you can use to evaluate the volatility of the firm. Please confirm Adaro Minerals' risk adjusted performance of 0.0251, and Mean Deviation of 1.72 to double-check if the risk estimate we provide is consistent with the expected return of 0.0484%. Adaro Minerals has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adaro Minerals are expected to decrease at a much lower rate. During the bear market, Adaro Minerals is likely to outperform the market. Adaro Minerals Indonesia right now shows a risk of 2.23%. Please confirm Adaro Minerals Indonesia market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Adaro Minerals Indonesia will be following its price patterns.
Auto-correlation | 0.16 |
Very weak predictability
Adaro Minerals Indonesia has very weak predictability. Overlapping area represents the amount of predictability between Adaro Minerals time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Adaro Minerals Indonesia price movement. The serial correlation of 0.16 indicates that over 16.0% of current Adaro Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 4657.98 |
Adaro Minerals Indonesia lagged returns against current returns
Autocorrelation, which is Adaro Minerals 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 Adaro Minerals' stock expected returns. We can calculate the autocorrelation of Adaro Minerals returns to help us make a trade decision. For example, suppose you find that Adaro Minerals 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 |
Adaro Minerals 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 Adaro Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adaro Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adaro Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Adaro Minerals Lagged Returns
When evaluating Adaro Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adaro Minerals stock have on its future price. Adaro Minerals 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, Adaro Minerals autocorrelation shows the relationship between Adaro Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Adaro Minerals Indonesia.
Regressed Prices |
| Timeline |
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Adaro Minerals financial ratios help investors to determine whether Adaro 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 Adaro with respect to the benefits of owning Adaro Minerals security.