Saranacentral Bajatama (Indonesia) Market Value
| BAJA Stock | IDR 101.00 2.00 1.94% |
| Symbol | Saranacentral |
Saranacentral Bajatama '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 Saranacentral Bajatama'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 Saranacentral Bajatama.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Saranacentral Bajatama on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Saranacentral Bajatama Tbk or generate 0.0% return on investment in Saranacentral Bajatama over 30 days. Saranacentral Bajatama is related to or competes with Kedaung Indah, Langgeng Makmur, Kabelindo Murni, Mustika Ratu, and Champion Pacific. More
Saranacentral Bajatama 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 Saranacentral Bajatama'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 Saranacentral Bajatama Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 30.62 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 1.94 |
Saranacentral Bajatama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Saranacentral Bajatama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saranacentral Bajatama's standard deviation. In reality, there are many statistical measures that can use Saranacentral Bajatama historical prices to predict the future Saranacentral Bajatama's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.0251 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.02) |
Saranacentral Bajatama Backtested Returns
Saranacentral Bajatama owns Efficiency Ratio (i.e., Sharpe Ratio) of -4.0E-4, which indicates the firm had a -4.0E-4% return per unit of risk over the last 3 months. Saranacentral Bajatama Tbk exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Saranacentral Bajatama's Semi Deviation of 1.71, risk adjusted performance of 0.0109, and Coefficient Of Variation of 22620.17 to confirm the risk estimate we provide. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Saranacentral Bajatama are expected to decrease at a much lower rate. During the bear market, Saranacentral Bajatama is likely to outperform the market. At this point, Saranacentral Bajatama has a negative expected return of -0.0013%. Please make sure to validate Saranacentral Bajatama's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Saranacentral Bajatama performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Saranacentral Bajatama Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Saranacentral Bajatama time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Saranacentral Bajatama price movement. The serial correlation of -0.16 indicates that over 16.0% of current Saranacentral Bajatama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 32.93 |
Saranacentral Bajatama lagged returns against current returns
Autocorrelation, which is Saranacentral Bajatama 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 Saranacentral Bajatama's stock expected returns. We can calculate the autocorrelation of Saranacentral Bajatama returns to help us make a trade decision. For example, suppose you find that Saranacentral Bajatama 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 |
Saranacentral Bajatama 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 Saranacentral Bajatama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saranacentral Bajatama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saranacentral Bajatama stock over time.
Current vs Lagged Prices |
| Timeline |
Saranacentral Bajatama Lagged Returns
When evaluating Saranacentral Bajatama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saranacentral Bajatama stock have on its future price. Saranacentral Bajatama 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, Saranacentral Bajatama autocorrelation shows the relationship between Saranacentral Bajatama stock current value and its past values and can show if there is a momentum factor associated with investing in Saranacentral Bajatama Tbk.
Regressed Prices |
| Timeline |
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Saranacentral Bajatama financial ratios help investors to determine whether Saranacentral 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 Saranacentral with respect to the benefits of owning Saranacentral Bajatama security.