Aneka Tambang (Indonesia) Market Value
| ANTM Stock | IDR 1,445 5.00 0.34% |
| Symbol | Aneka |
Aneka Tambang '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 Aneka Tambang'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 Aneka Tambang.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aneka Tambang on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aneka Tambang Persero or generate 0.0% return on investment in Aneka Tambang over 30 days. Aneka Tambang is related to or competes with Perusahaan Gas, Vale Indonesia, Bukit Asam, Telkom Indonesia, and Timah Persero. PT Aneka Tambang Tbk operates as a diversified mining and metals company in Indonesia More
Aneka Tambang 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 Aneka Tambang'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 Aneka Tambang Persero upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 3.37 |
Aneka Tambang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aneka Tambang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aneka Tambang's standard deviation. In reality, there are many statistical measures that can use Aneka Tambang historical prices to predict the future Aneka Tambang's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.0462 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.12) |
Aneka Tambang Persero Backtested Returns
As of now, Aneka Stock is very steady. Aneka Tambang Persero secures Sharpe Ratio (or Efficiency) of 0.0083, which signifies that the company had a 0.0083% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aneka Tambang Persero, which you can use to evaluate the volatility of the firm. Please confirm Aneka Tambang's mean deviation of 1.66, and Risk Adjusted Performance of 0.0182 to double-check if the risk estimate we provide is consistent with the expected return of 0.0181%. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aneka Tambang are expected to decrease at a much lower rate. During the bear market, Aneka Tambang is likely to outperform the market. Aneka Tambang Persero right now shows a risk of 2.19%. Please confirm Aneka Tambang Persero mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Aneka Tambang Persero will be following its price patterns.
Auto-correlation | 0.83 |
Very good predictability
Aneka Tambang Persero has very good predictability. Overlapping area represents the amount of predictability between Aneka Tambang time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Aneka Tambang Persero price movement. The serial correlation of 0.83 indicates that around 83.0% of current Aneka Tambang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2319.83 |
Aneka Tambang Persero lagged returns against current returns
Autocorrelation, which is Aneka Tambang 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 Aneka Tambang's stock expected returns. We can calculate the autocorrelation of Aneka Tambang returns to help us make a trade decision. For example, suppose you find that Aneka Tambang 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 |
Aneka Tambang 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 Aneka Tambang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aneka Tambang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aneka Tambang stock over time.
Current vs Lagged Prices |
| Timeline |
Aneka Tambang Lagged Returns
When evaluating Aneka Tambang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aneka Tambang stock have on its future price. Aneka Tambang 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, Aneka Tambang autocorrelation shows the relationship between Aneka Tambang stock current value and its past values and can show if there is a momentum factor associated with investing in Aneka Tambang Persero.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Aneka Stock
Aneka Tambang financial ratios help investors to determine whether Aneka 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 Aneka with respect to the benefits of owning Aneka Tambang security.