Citatah Tbk (Indonesia) Market Value
| CTTH Stock | IDR 25.00 1.00 4.17% |
| Symbol | Citatah |
Citatah Tbk '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 Citatah Tbk'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 Citatah Tbk.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Citatah Tbk on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Citatah Tbk or generate 0.0% return on investment in Citatah Tbk over 30 days. Citatah Tbk is related to or competes with Kedaung Indah, Langgeng Makmur, Kabelindo Murni, Mustika Ratu, and Champion Pacific. PT Citatah Tbk manufactures and sells marble and marble handicrafts products in Indonesia More
Citatah Tbk 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 Citatah Tbk'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 Citatah Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 4.17 |
Citatah Tbk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citatah Tbk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citatah Tbk's standard deviation. In reality, there are many statistical measures that can use Citatah Tbk historical prices to predict the future Citatah Tbk's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.34 |
Citatah Tbk Backtested Returns
Citatah Tbk secures Sharpe Ratio (or Efficiency) of -0.0668, which signifies that the company had a -0.0668% return per unit of risk over the last 3 months. Citatah Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Citatah Tbk's Risk Adjusted Performance of (0.03), standard deviation of 3.37, and Mean Deviation of 2.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Citatah Tbk are expected to decrease at a much lower rate. During the bear market, Citatah Tbk is likely to outperform the market. At this point, Citatah Tbk has a negative expected return of -0.23%. Please make sure to confirm Citatah Tbk's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Citatah Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Citatah Tbk has poor reverse predictability. Overlapping area represents the amount of predictability between Citatah Tbk 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 Citatah Tbk price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Citatah Tbk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Citatah Tbk lagged returns against current returns
Autocorrelation, which is Citatah Tbk 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 Citatah Tbk's stock expected returns. We can calculate the autocorrelation of Citatah Tbk returns to help us make a trade decision. For example, suppose you find that Citatah Tbk 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 |
Citatah Tbk 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 Citatah Tbk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citatah Tbk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citatah Tbk stock over time.
Current vs Lagged Prices |
| Timeline |
Citatah Tbk Lagged Returns
When evaluating Citatah Tbk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citatah Tbk stock have on its future price. Citatah Tbk 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, Citatah Tbk autocorrelation shows the relationship between Citatah Tbk stock current value and its past values and can show if there is a momentum factor associated with investing in Citatah Tbk.
Regressed Prices |
| Timeline |
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Citatah Tbk financial ratios help investors to determine whether Citatah 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 Citatah with respect to the benefits of owning Citatah Tbk security.