Saranacentral Bajatama (Indonesia) Market Value
| BAJA Stock | IDR 103.00 1.00 0.98% |
| 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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Saranacentral Bajatama on December 3, 2022 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 720 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 | (0.03) | |||
| 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 | 0.0696 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.01) |
Saranacentral Bajatama Backtested Returns
As of now, Saranacentral Stock is very steady. Saranacentral Bajatama owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0044, which indicates the firm had a 0.0044% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Saranacentral Bajatama Tbk, which you can use to evaluate the volatility of the company. Please validate Saranacentral Bajatama's Risk Adjusted Performance of 0.0109, semi deviation of 1.71, and Coefficient Of Variation of 22620.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0138%. The entity has a beta of -0.66, which indicates possible diversification benefits within a given portfolio. 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. Saranacentral Bajatama right now has a risk of 3.11%. Please validate Saranacentral Bajatama jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Saranacentral Bajatama will be following its existing price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Saranacentral Bajatama Tbk has weak reverse predictability. Overlapping area represents the amount of predictability between Saranacentral Bajatama time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 -0.23 indicates that over 23.0% of current Saranacentral Bajatama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 142.95 |
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.