Aneka Tambang (Australia) Market Value
| ATM Stock | 0.86 0.00 0.00% |
| 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.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Aneka Tambang on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Aneka Tambang Tbk or generate 0.0% return on investment in Aneka Tambang over 510 days. Aneka Tambang is related to or competes with Carlton Investments, MFF Capital, Mount Gibson, Champion Iron, and Pinnacle Investment. Aneka Tambang is entity of Australia. It is traded as Stock on AU exchange. 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 Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 16.07 | |||
| Value At Risk | (0.97) |
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 | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.11) |
Aneka Tambang Tbk Backtested Returns
Aneka Tambang Tbk secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Aneka Tambang Tbk exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aneka Tambang's risk adjusted performance of (0.08), and Mean Deviation of 0.832 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aneka Tambang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aneka Tambang is expected to be smaller as well. At this point, Aneka Tambang Tbk has a negative expected return of -0.26%. Please make sure to confirm Aneka Tambang's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if Aneka Tambang Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Aneka Tambang Tbk has modest predictability. Overlapping area represents the amount of predictability between Aneka Tambang time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Tbk price movement. The serial correlation of 0.5 indicates that about 50.0% of current Aneka Tambang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aneka Tambang Tbk 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 |
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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 Tbk.
Regressed Prices |
| Timeline |
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Additional Tools for Aneka Stock Analysis
When running Aneka Tambang's price analysis, check to measure Aneka Tambang'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 Aneka Tambang is operating at the current time. Most of Aneka Tambang's value examination focuses on studying past and present price action to predict the probability of Aneka Tambang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aneka Tambang's price. Additionally, you may evaluate how the addition of Aneka Tambang to your portfolios can decrease your overall portfolio volatility.