Menteng Heritage (Indonesia) Market Value
| HRME Stock | 47.00 1.00 2.08% |
| Symbol | Menteng |
Menteng Heritage '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 Menteng Heritage'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 Menteng Heritage.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Menteng Heritage on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Menteng Heritage Realty or generate 0.0% return on investment in Menteng Heritage over 30 days. Menteng Heritage is related to or competes with Jasa Armada, Cahayaputra Asa, and Campina Ice. More
Menteng Heritage 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 Menteng Heritage'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 Menteng Heritage Realty upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.99 | |||
| Information Ratio | 0.1961 | |||
| Maximum Drawdown | 18.77 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 9.09 |
Menteng Heritage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Menteng Heritage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Menteng Heritage's standard deviation. In reality, there are many statistical measures that can use Menteng Heritage historical prices to predict the future Menteng Heritage's volatility.| Risk Adjusted Performance | 0.1822 | |||
| Jensen Alpha | 0.9383 | |||
| Total Risk Alpha | 0.2844 | |||
| Sortino Ratio | 0.2082 | |||
| Treynor Ratio | 8.15 |
Menteng Heritage Realty Backtested Returns
Menteng Heritage appears to be not too volatile, given 3 months investment horizon. Menteng Heritage Realty has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Menteng Heritage's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please exercise Menteng Heritage's Mean Deviation of 3.37, downside deviation of 3.99, and Risk Adjusted Performance of 0.1822 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Menteng Heritage holds a performance score of 13. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Menteng Heritage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Menteng Heritage is expected to be smaller as well. Please check Menteng Heritage's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Menteng Heritage's current price movements will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Menteng Heritage Realty has insignificant reverse predictability. Overlapping area represents the amount of predictability between Menteng Heritage time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Menteng Heritage Realty price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Menteng Heritage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 45.17 |
Menteng Heritage Realty lagged returns against current returns
Autocorrelation, which is Menteng Heritage 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 Menteng Heritage's stock expected returns. We can calculate the autocorrelation of Menteng Heritage returns to help us make a trade decision. For example, suppose you find that Menteng Heritage 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 |
Menteng Heritage 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 Menteng Heritage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Menteng Heritage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Menteng Heritage stock over time.
Current vs Lagged Prices |
| Timeline |
Menteng Heritage Lagged Returns
When evaluating Menteng Heritage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Menteng Heritage stock have on its future price. Menteng Heritage 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, Menteng Heritage autocorrelation shows the relationship between Menteng Heritage stock current value and its past values and can show if there is a momentum factor associated with investing in Menteng Heritage Realty.
Regressed Prices |
| Timeline |
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Menteng Heritage financial ratios help investors to determine whether Menteng 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 Menteng with respect to the benefits of owning Menteng Heritage security.