Ateliers Mecaniques (Indonesia) Market Value
| AMIN Stock | IDR 144.00 4.00 2.70% |
| Symbol | Ateliers |
Ateliers Mecaniques '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 Ateliers Mecaniques' 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 Ateliers Mecaniques.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Ateliers Mecaniques on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Ateliers Mecaniques DIndonesie or generate 0.0% return on investment in Ateliers Mecaniques over 720 days. Ateliers Mecaniques is related to or competes with Matahari Department, Multi Medika, Visi Media, Bayan Resources, and Baramulti Suksessarana. More
Ateliers Mecaniques 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 Ateliers Mecaniques' 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 Ateliers Mecaniques DIndonesie upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.15 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.74 |
Ateliers Mecaniques Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ateliers Mecaniques' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ateliers Mecaniques' standard deviation. In reality, there are many statistical measures that can use Ateliers Mecaniques historical prices to predict the future Ateliers Mecaniques' volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.0715 |
Ateliers Mecaniques Backtested Returns
As of now, Ateliers Stock is very steady. Ateliers Mecaniques secures Sharpe Ratio (or Efficiency) of 0.007, which signifies that the company had a 0.007% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Ateliers Mecaniques DIndonesie, which you can use to evaluate the volatility of the firm. Please confirm Ateliers Mecaniques' mean deviation of 1.05, and Risk Adjusted Performance of (0.0009) to double-check if the risk estimate we provide is consistent with the expected return of 0.0099%. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ateliers Mecaniques are expected to decrease at a much lower rate. During the bear market, Ateliers Mecaniques is likely to outperform the market. Ateliers Mecaniques right now shows a risk of 1.42%. Please confirm Ateliers Mecaniques standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Ateliers Mecaniques will be following its price patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Ateliers Mecaniques DIndonesie has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ateliers Mecaniques time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Ateliers Mecaniques price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Ateliers Mecaniques price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 127.52 |
Ateliers Mecaniques lagged returns against current returns
Autocorrelation, which is Ateliers Mecaniques 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 Ateliers Mecaniques' stock expected returns. We can calculate the autocorrelation of Ateliers Mecaniques returns to help us make a trade decision. For example, suppose you find that Ateliers Mecaniques 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 |
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Ateliers Mecaniques 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 Ateliers Mecaniques stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ateliers Mecaniques stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ateliers Mecaniques stock over time.
Current vs Lagged Prices |
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Ateliers Mecaniques Lagged Returns
When evaluating Ateliers Mecaniques' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ateliers Mecaniques stock have on its future price. Ateliers Mecaniques 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, Ateliers Mecaniques autocorrelation shows the relationship between Ateliers Mecaniques stock current value and its past values and can show if there is a momentum factor associated with investing in Ateliers Mecaniques DIndonesie.
Regressed Prices |
| Timeline |
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Ateliers Mecaniques financial ratios help investors to determine whether Ateliers 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 Ateliers with respect to the benefits of owning Ateliers Mecaniques security.