Indoritel Makmur (Indonesia) Market Value
| DNET Stock | IDR 9,075 75.00 0.82% |
| Symbol | Indoritel |
Indoritel Makmur '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 Indoritel Makmur'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 Indoritel Makmur.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Indoritel Makmur on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Indoritel Makmur Internasional or generate 0.0% return on investment in Indoritel Makmur over 30 days. Indoritel Makmur is related to or competes with Indosat Tbk, XL Axiata, Energi Mega, Bakrie Brothers, and Medco Energi. More
Indoritel Makmur 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 Indoritel Makmur'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 Indoritel Makmur Internasional upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.84 | |||
| Information Ratio | 0.1609 | |||
| Maximum Drawdown | 34.93 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 19.68 |
Indoritel Makmur Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indoritel Makmur's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indoritel Makmur's standard deviation. In reality, there are many statistical measures that can use Indoritel Makmur historical prices to predict the future Indoritel Makmur's volatility.| Risk Adjusted Performance | 0.1514 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.0955 | |||
| Sortino Ratio | 0.1762 | |||
| Treynor Ratio | (1.65) |
Indoritel Makmur Int Backtested Returns
Indoritel Makmur is very steady given 3 months investment horizon. Indoritel Makmur Int holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We were able to collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Indoritel Makmur Internasional Downside Deviation of 4.84, risk adjusted performance of 0.1514, and Market Risk Adjusted Performance of (1.64) to evaluate company specific risk that cannot be diversified away. Indoritel Makmur holds a performance score of 14 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Indoritel Makmur are expected to decrease at a much lower rate. During the bear market, Indoritel Makmur is likely to outperform the market. Use Indoritel Makmur Internasional downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Indoritel Makmur Internasional.
Auto-correlation | 0.03 |
Virtually no predictability
Indoritel Makmur Internasional has virtually no predictability. Overlapping area represents the amount of predictability between Indoritel Makmur time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Indoritel Makmur Int price movement. The serial correlation of 0.03 indicates that only 3.0% of current Indoritel Makmur price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1074.38 |
Indoritel Makmur Int lagged returns against current returns
Autocorrelation, which is Indoritel Makmur 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 Indoritel Makmur's stock expected returns. We can calculate the autocorrelation of Indoritel Makmur returns to help us make a trade decision. For example, suppose you find that Indoritel Makmur 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 |
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Indoritel Makmur 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 Indoritel Makmur stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indoritel Makmur stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indoritel Makmur stock over time.
Current vs Lagged Prices |
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Indoritel Makmur Lagged Returns
When evaluating Indoritel Makmur's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indoritel Makmur stock have on its future price. Indoritel Makmur 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, Indoritel Makmur autocorrelation shows the relationship between Indoritel Makmur stock current value and its past values and can show if there is a momentum factor associated with investing in Indoritel Makmur Internasional.
Regressed Prices |
| Timeline |
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Indoritel Makmur financial ratios help investors to determine whether Indoritel 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 Indoritel with respect to the benefits of owning Indoritel Makmur security.