Era Mandiri (Indonesia) Market Value
| IKAN Stock | IDR 27.00 1.00 3.57% |
| Symbol | Era |
Era Mandiri '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 Era Mandiri'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 Era Mandiri.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Era Mandiri on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Era Mandiri Cemerlang or generate 0.0% return on investment in Era Mandiri over 90 days. Era Mandiri is related to or competes with Dharma Satya, Saratoga Investama, Surya Esa, Elang Mahkota, and Sawit Sumbermas. PT Era Mandiri Cemerlang Tbk operates in the processing and trade sectors of fishery products in Indonesia and internati... More
Era Mandiri 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 Era Mandiri'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 Era Mandiri Cemerlang upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.76 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Era Mandiri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Era Mandiri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Era Mandiri's standard deviation. In reality, there are many statistical measures that can use Era Mandiri historical prices to predict the future Era Mandiri's volatility.| Risk Adjusted Performance | 0.0173 | |||
| Jensen Alpha | 0.0763 | |||
| Total Risk Alpha | (0.69) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.17) |
Era Mandiri Cemerlang Backtested Returns
Era Mandiri Cemerlang secures Sharpe Ratio (or Efficiency) of -0.0803, which denotes the company had a -0.0803% return per unit of standard deviation over the last 3 months. Era Mandiri Cemerlang exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Era Mandiri's Semi Deviation of 3.75, downside deviation of 5.76, and Mean Deviation of 3.3 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Era Mandiri are expected to decrease at a much lower rate. During the bear market, Era Mandiri is likely to outperform the market. At this point, Era Mandiri Cemerlang has a negative expected return of -0.35%. Please make sure to confirm Era Mandiri's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Era Mandiri Cemerlang performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Era Mandiri Cemerlang has good predictability. Overlapping area represents the amount of predictability between Era Mandiri time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Era Mandiri Cemerlang price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Era Mandiri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 4.43 |
Era Mandiri Cemerlang lagged returns against current returns
Autocorrelation, which is Era Mandiri 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 Era Mandiri's stock expected returns. We can calculate the autocorrelation of Era Mandiri returns to help us make a trade decision. For example, suppose you find that Era Mandiri 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 |
Era Mandiri 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 Era Mandiri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Era Mandiri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Era Mandiri stock over time.
Current vs Lagged Prices |
| Timeline |
Era Mandiri Lagged Returns
When evaluating Era Mandiri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Era Mandiri stock have on its future price. Era Mandiri 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, Era Mandiri autocorrelation shows the relationship between Era Mandiri stock current value and its past values and can show if there is a momentum factor associated with investing in Era Mandiri Cemerlang.
Regressed Prices |
| Timeline |
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Era Mandiri financial ratios help investors to determine whether Era 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 Era with respect to the benefits of owning Era Mandiri security.