Cita Mineral (Indonesia) Market Value
| CITA Stock | IDR 3,690 110.00 2.89% |
| Symbol | Cita |
Cita Mineral '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 Cita Mineral'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 Cita Mineral.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cita Mineral on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cita Mineral Investindo or generate 0.0% return on investment in Cita Mineral over 300 days. Cita Mineral is related to or competes with Citatah Tbk, Indo Kordsa, Central Omega, Betonjaya Manunggal, and Colorpak Indonesia. PT Cita Mineral Investindo Tbk engages in bauxite mining activities in Indonesia More
Cita Mineral 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 Cita Mineral'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 Cita Mineral Investindo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.1707 | |||
| Maximum Drawdown | 20.21 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 9.69 |
Cita Mineral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cita Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cita Mineral's standard deviation. In reality, there are many statistical measures that can use Cita Mineral historical prices to predict the future Cita Mineral's volatility.| Risk Adjusted Performance | 0.166 | |||
| Jensen Alpha | 0.6922 | |||
| Total Risk Alpha | 0.1735 | |||
| Sortino Ratio | 0.1939 | |||
| Treynor Ratio | 2.66 |
Cita Mineral Investindo Backtested Returns
Cita Mineral appears to be very steady, given 3 months investment horizon. Cita Mineral Investindo secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Cita Mineral's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Cita Mineral's Mean Deviation of 2.06, downside deviation of 3.12, and Risk Adjusted Performance of 0.166 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cita Mineral holds a performance score of 15. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cita Mineral's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cita Mineral is expected to be smaller as well. Please check Cita Mineral's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Cita Mineral's price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Cita Mineral Investindo has below average predictability. Overlapping area represents the amount of predictability between Cita Mineral time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Cita Mineral Investindo price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Cita Mineral price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 42.3 K |
Cita Mineral Investindo lagged returns against current returns
Autocorrelation, which is Cita Mineral 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 Cita Mineral's stock expected returns. We can calculate the autocorrelation of Cita Mineral returns to help us make a trade decision. For example, suppose you find that Cita Mineral 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 |
Cita Mineral 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 Cita Mineral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cita Mineral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cita Mineral stock over time.
Current vs Lagged Prices |
| Timeline |
Cita Mineral Lagged Returns
When evaluating Cita Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cita Mineral stock have on its future price. Cita Mineral 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, Cita Mineral autocorrelation shows the relationship between Cita Mineral stock current value and its past values and can show if there is a momentum factor associated with investing in Cita Mineral Investindo.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Cita Stock
Cita Mineral financial ratios help investors to determine whether Cita 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 Cita with respect to the benefits of owning Cita Mineral security.