Digital Mediatama (Indonesia) Market Value
| DMMX Stock | IDR 240.00 4.00 1.64% |
| Symbol | Digital |
Digital Mediatama '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 Digital Mediatama'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 Digital Mediatama.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Digital Mediatama on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Digital Mediatama Maxima or generate 0.0% return on investment in Digital Mediatama over 510 days. Digital Mediatama is related to or competes with Elang Mahkota, M Cash, Bank Artos, Bank Yudha, and NFC Indonesia. PT Digital Mediatama Maxima Tbk develops and provides a digital trade marketing and cloud advertising exchange platform More
Digital Mediatama 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 Digital Mediatama'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 Digital Mediatama Maxima upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.1858 | |||
| Maximum Drawdown | 31.31 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 9.24 |
Digital Mediatama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital Mediatama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital Mediatama's standard deviation. In reality, there are many statistical measures that can use Digital Mediatama historical prices to predict the future Digital Mediatama's volatility.| Risk Adjusted Performance | 0.1689 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | 0.2824 | |||
| Sortino Ratio | 0.3131 | |||
| Treynor Ratio | (0.79) |
Digital Mediatama Maxima Backtested Returns
Digital Mediatama is very steady given 3 months investment horizon. Digital Mediatama Maxima secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. We were able to collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Digital Mediatama Mean Deviation of 3.39, downside deviation of 3.18, and Coefficient Of Variation of 476.61 to evaluate company specific risk that cannot be diversified away. Digital Mediatama holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.41, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Digital Mediatama are expected to decrease by larger amounts. On the other hand, during market turmoil, Digital Mediatama is expected to outperform it. Use Digital Mediatama coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Digital Mediatama.
Auto-correlation | -0.3 |
Weak reverse predictability
Digital Mediatama Maxima has weak reverse predictability. Overlapping area represents the amount of predictability between Digital Mediatama time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Digital Mediatama Maxima price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Digital Mediatama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1550.53 |
Digital Mediatama Maxima lagged returns against current returns
Autocorrelation, which is Digital Mediatama 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 Digital Mediatama's stock expected returns. We can calculate the autocorrelation of Digital Mediatama returns to help us make a trade decision. For example, suppose you find that Digital Mediatama 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 |
Digital Mediatama 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 Digital Mediatama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital Mediatama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital Mediatama stock over time.
Current vs Lagged Prices |
| Timeline |
Digital Mediatama Lagged Returns
When evaluating Digital Mediatama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital Mediatama stock have on its future price. Digital Mediatama 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, Digital Mediatama autocorrelation shows the relationship between Digital Mediatama stock current value and its past values and can show if there is a momentum factor associated with investing in Digital Mediatama Maxima.
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 Digital Stock
Digital Mediatama financial ratios help investors to determine whether Digital 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 Digital with respect to the benefits of owning Digital Mediatama security.