HK Metals (Indonesia) Market Value

Symbol

HKMU

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 HK Metals' 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 HK Metals.

HK Metals Upside/Downside Indicators

HK Metals Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for HK Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HK Metals' standard deviation. In reality, there are many statistical measures that can use HK Metals historical prices to predict the future HK Metals' volatility.

Autocorrelation, which is HK Metals 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 HK Metals' stock expected returns. We can calculate the autocorrelation of HK Metals returns to help us make a trade decision. For example, suppose you find that HK Metals 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.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HK Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HK Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HK Metals stock over time.

When evaluating HK Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HK Metals stock have on its future price. HK Metals 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, HK Metals autocorrelation shows the relationship between HK Metals stock current value and its past values and can show if there is a momentum factor associated with investing in HK Metals Utama.

HK Metals financial ratios help investors to determine whether HKMU 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 HKMU with respect to the benefits of owning HK Metals security.