Fortune Mate (Indonesia) Market Value
| FMII Stock | IDR 545.00 0.00 0.00% |
| Symbol | Fortune |
Fortune Mate '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 Fortune Mate'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 Fortune Mate.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fortune Mate on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fortune Mate Indonesia or generate 0.0% return on investment in Fortune Mate over 30 days. Fortune Mate is related to or competes with Lippo Cikarang, Bekasi Asri, Mitra Pinasthika, Jakarta Int, Asuransi Harta, and Indosterling Technomedia. PT Fortune Mate Indonesia Tbk, together with its subsidiaries, provides real estate development and construction service... More
Fortune Mate 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 Fortune Mate'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 Fortune Mate Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.58 | |||
| Information Ratio | 0.2461 | |||
| Maximum Drawdown | 55.89 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 25.0 |
Fortune Mate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Mate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Mate's standard deviation. In reality, there are many statistical measures that can use Fortune Mate historical prices to predict the future Fortune Mate's volatility.| Risk Adjusted Performance | 0.2075 | |||
| Jensen Alpha | 2.03 | |||
| Total Risk Alpha | 1.07 | |||
| Sortino Ratio | 0.4403 | |||
| Treynor Ratio | 0.5508 |
Fortune Mate Indonesia Backtested Returns
Fortune Mate is very steady given 3 months investment horizon. Fortune Mate Indonesia secures Sharpe Ratio (or Efficiency) of 0.27, which denotes the company had a 0.27% return per unit of risk over the last 3 months. We were able to collect data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 2.79% are justified by taking the suggested risk. Use Fortune Mate Downside Deviation of 5.58, coefficient of variation of 386.57, and Mean Deviation of 6.3 to evaluate company specific risk that cannot be diversified away. Fortune Mate holds a performance score of 21 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 4.67, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fortune Mate will likely underperform. Use Fortune Mate total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Fortune Mate.
Auto-correlation | 0.00 |
No correlation between past and present
Fortune Mate Indonesia has no correlation between past and present. Overlapping area represents the amount of predictability between Fortune Mate time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Fortune Mate Indonesia price movement. The serial correlation of 0.0 indicates that just 0.0% of current Fortune Mate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortune Mate Indonesia lagged returns against current returns
Autocorrelation, which is Fortune Mate 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 Fortune Mate's stock expected returns. We can calculate the autocorrelation of Fortune Mate returns to help us make a trade decision. For example, suppose you find that Fortune Mate 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 |
Fortune Mate 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 Fortune Mate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Mate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Mate stock over time.
Current vs Lagged Prices |
| Timeline |
Fortune Mate Lagged Returns
When evaluating Fortune Mate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Mate stock have on its future price. Fortune Mate 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, Fortune Mate autocorrelation shows the relationship between Fortune Mate stock current value and its past values and can show if there is a momentum factor associated with investing in Fortune Mate Indonesia.
Regressed Prices |
| Timeline |
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Fortune Mate financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Mate security.