Global Mediacom (Indonesia) Market Value
| BMTR Stock | IDR 199.00 1.00 0.51% |
| Symbol | Global |
Global Mediacom '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 Global Mediacom'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 Global Mediacom.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Global Mediacom on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Global Mediacom Tbk or generate 0.0% return on investment in Global Mediacom over 30 days. Global Mediacom is related to or competes with Mnc Land, MNC Vision, and Medikaloka Hermina. Global Mediacom Tbk operates as an integrated media company in Indonesia and internationally More
Global Mediacom 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 Global Mediacom'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 Global Mediacom Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.11 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 1.89 |
Global Mediacom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Mediacom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Mediacom's standard deviation. In reality, there are many statistical measures that can use Global Mediacom historical prices to predict the future Global Mediacom's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.85) |
Global Mediacom Tbk Backtested Returns
Global Mediacom Tbk holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Global Mediacom Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Mediacom's Risk Adjusted Performance of (0.10), standard deviation of 1.41, and Market Risk Adjusted Performance of (0.84) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Mediacom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Mediacom is expected to be smaller as well. At this point, Global Mediacom Tbk has a negative expected return of -0.23%. Please make sure to check out Global Mediacom's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Global Mediacom Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Global Mediacom Tbk has very good predictability. Overlapping area represents the amount of predictability between Global Mediacom 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 Global Mediacom Tbk price movement. The serial correlation of 0.83 indicates that around 83.0% of current Global Mediacom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 12.6 |
Global Mediacom Tbk lagged returns against current returns
Autocorrelation, which is Global Mediacom 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 Global Mediacom's stock expected returns. We can calculate the autocorrelation of Global Mediacom returns to help us make a trade decision. For example, suppose you find that Global Mediacom 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 |
Global Mediacom 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 Global Mediacom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Mediacom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Mediacom stock over time.
Current vs Lagged Prices |
| Timeline |
Global Mediacom Lagged Returns
When evaluating Global Mediacom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Mediacom stock have on its future price. Global Mediacom 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, Global Mediacom autocorrelation shows the relationship between Global Mediacom stock current value and its past values and can show if there is a momentum factor associated with investing in Global Mediacom Tbk.
Regressed Prices |
| Timeline |
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Global Mediacom financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Mediacom security.