Bayan Resources (Indonesia) Market Value
| BYAN Stock | IDR 19,700 725.00 3.82% |
| Symbol | Bayan |
Bayan Resources '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 Bayan Resources' 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 Bayan Resources.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Bayan Resources on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Bayan Resources Tbk or generate 0.0% return on investment in Bayan Resources over 720 days. Bayan Resources is related to or competes with Indo Tambangraya, Indika Energy, Darma Henwa, Harum Energy, and Bisi International. More
Bayan Resources 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 Bayan Resources' 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 Bayan Resources Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 9.14 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 2.76 |
Bayan Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bayan Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bayan Resources' standard deviation. In reality, there are many statistical measures that can use Bayan Resources historical prices to predict the future Bayan Resources' volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.1693 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0299 | |||
| Treynor Ratio | (5.50) |
Bayan Resources Tbk Backtested Returns
Bayan Resources appears to be very steady, given 3 months investment horizon. Bayan Resources Tbk secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bayan Resources Tbk, which you can use to evaluate the volatility of the firm. Please makes use of Bayan Resources' Downside Deviation of 1.5, risk adjusted performance of 0.1039, and Mean Deviation of 0.7627 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bayan Resources holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0301, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bayan Resources are expected to decrease at a much lower rate. During the bear market, Bayan Resources is likely to outperform the market. Please check Bayan Resources' value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Bayan Resources' price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Bayan Resources Tbk has poor predictability. Overlapping area represents the amount of predictability between Bayan Resources time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Bayan Resources Tbk price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Bayan Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
Bayan Resources Tbk lagged returns against current returns
Autocorrelation, which is Bayan Resources 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 Bayan Resources' stock expected returns. We can calculate the autocorrelation of Bayan Resources returns to help us make a trade decision. For example, suppose you find that Bayan Resources 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 |
Bayan Resources 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 Bayan Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bayan Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bayan Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Bayan Resources Lagged Returns
When evaluating Bayan Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bayan Resources stock have on its future price. Bayan Resources 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, Bayan Resources autocorrelation shows the relationship between Bayan Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Bayan Resources Tbk.
Regressed Prices |
| Timeline |
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Bayan Resources financial ratios help investors to determine whether Bayan 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 Bayan with respect to the benefits of owning Bayan Resources security.