Central Omega (Indonesia) Market Value
| DKFT Stock | IDR 212.00 2.00 0.93% |
| Symbol | Central |
Central Omega '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 Central Omega'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 Central Omega.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Central Omega on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Central Omega Resources or generate 0.0% return on investment in Central Omega over 30 days. Central Omega is related to or competes with Cita Mineral, Intiland Development, J Resources, Resource Alam, and Bumi Resources. PT Central Omega Resources Tbk, together with its subsidiaries, engages in the mining and trading of mineral resources i... More
Central Omega 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 Central Omega'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 Central Omega Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.1537 | |||
| Maximum Drawdown | 39.9 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 6.67 |
Central Omega Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Omega's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Omega's standard deviation. In reality, there are many statistical measures that can use Central Omega historical prices to predict the future Central Omega's volatility.| Risk Adjusted Performance | 0.1436 | |||
| Jensen Alpha | 0.9681 | |||
| Total Risk Alpha | 0.1099 | |||
| Sortino Ratio | 0.309 | |||
| Treynor Ratio | 7.86 |
Central Omega Resources Backtested Returns
Central Omega is very steady given 3 months investment horizon. Central Omega Resources secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We were able to collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Central Omega Risk Adjusted Performance of 0.1436, downside deviation of 2.8, and Mean Deviation of 3.33 to evaluate company specific risk that cannot be diversified away. Central Omega holds a performance score of 14 on a scale of zero to a hundred. 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, Central Omega's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Omega is expected to be smaller as well. Use Central Omega total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Central Omega.
Auto-correlation | -0.81 |
Excellent reverse predictability
Central Omega Resources has excellent reverse predictability. Overlapping area represents the amount of predictability between Central Omega time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Central Omega Resources price movement. The serial correlation of -0.81 indicates that around 81.0% of current Central Omega price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 79.6 |
Central Omega Resources lagged returns against current returns
Autocorrelation, which is Central Omega 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 Central Omega's stock expected returns. We can calculate the autocorrelation of Central Omega returns to help us make a trade decision. For example, suppose you find that Central Omega 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 |
Central Omega 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 Central Omega stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Omega stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Omega stock over time.
Current vs Lagged Prices |
| Timeline |
Central Omega Lagged Returns
When evaluating Central Omega's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Omega stock have on its future price. Central Omega 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, Central Omega autocorrelation shows the relationship between Central Omega stock current value and its past values and can show if there is a momentum factor associated with investing in Central Omega Resources.
Regressed Prices |
| Timeline |
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Central Omega financial ratios help investors to determine whether Central 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 Central with respect to the benefits of owning Central Omega security.