Maming Enam (Indonesia) Market Value
| AKSI Stock | IDR 386.00 2.00 0.52% |
| Symbol | Maming |
Maming Enam '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 Maming Enam'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 Maming Enam.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Maming Enam on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Maming Enam Sembilan or generate 0.0% return on investment in Maming Enam over 30 days. Maming Enam is related to or competes with Bank Cimb, Indosat Tbk, Astra Agro, Bank Mandiri, and Indocement Tunggal. PT Maming Enam Sembilan Mineral Tbk, through its subsidiary, PT Rezki Batulicin Transport, engages in the land transport... More
Maming Enam 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 Maming Enam'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 Maming Enam Sembilan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.32 | |||
| Information Ratio | 0.2036 | |||
| Maximum Drawdown | 59.44 | |||
| Value At Risk | (9.76) | |||
| Potential Upside | 25.0 |
Maming Enam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maming Enam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maming Enam's standard deviation. In reality, there are many statistical measures that can use Maming Enam historical prices to predict the future Maming Enam's volatility.| Risk Adjusted Performance | 0.1737 | |||
| Jensen Alpha | 2.62 | |||
| Total Risk Alpha | 0.6459 | |||
| Sortino Ratio | 0.2792 | |||
| Treynor Ratio | (1.71) |
Maming Enam Sembilan Backtested Returns
Maming Enam is very steady given 3 months investment horizon. Maming Enam Sembilan has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We were able to collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.17% are justified by taking the suggested risk. Use Maming Enam Sembilan Risk Adjusted Performance of 0.1737, downside deviation of 8.32, and Mean Deviation of 8.24 to evaluate company specific risk that cannot be diversified away. Maming Enam holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.43, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Maming Enam are expected to decrease by larger amounts. On the other hand, during market turmoil, Maming Enam is expected to outperform it. Use Maming Enam Sembilan coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on Maming Enam Sembilan.
Auto-correlation | 0.29 |
Poor predictability
Maming Enam Sembilan has poor predictability. Overlapping area represents the amount of predictability between Maming Enam time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Maming Enam Sembilan price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Maming Enam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 69.16 |
Maming Enam Sembilan lagged returns against current returns
Autocorrelation, which is Maming Enam 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 Maming Enam's stock expected returns. We can calculate the autocorrelation of Maming Enam returns to help us make a trade decision. For example, suppose you find that Maming Enam 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 |
Maming Enam 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 Maming Enam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maming Enam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maming Enam stock over time.
Current vs Lagged Prices |
| Timeline |
Maming Enam Lagged Returns
When evaluating Maming Enam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maming Enam stock have on its future price. Maming Enam 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, Maming Enam autocorrelation shows the relationship between Maming Enam stock current value and its past values and can show if there is a momentum factor associated with investing in Maming Enam Sembilan.
Regressed Prices |
| Timeline |
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Maming Enam financial ratios help investors to determine whether Maming 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 Maming with respect to the benefits of owning Maming Enam security.