Jembo Cable (Indonesia) Market Value
| JECC Stock | IDR 610.00 5.00 0.81% |
| Symbol | Jembo |
Jembo Cable '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 Jembo Cable'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 Jembo Cable.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Jembo Cable on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Jembo Cable or generate 0.0% return on investment in Jembo Cable over 450 days. Jembo Cable is related to or competes with Pelayaran Nelly, Buana Listya, Mitrabahtera Segara, and Trans Power. More
Jembo Cable 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 Jembo Cable'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 Jembo Cable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.35 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 2.5 |
Jembo Cable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jembo Cable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jembo Cable's standard deviation. In reality, there are many statistical measures that can use Jembo Cable historical prices to predict the future Jembo Cable's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.1664 |
Jembo Cable Backtested Returns
Jembo Cable holds Efficiency (Sharpe) Ratio of -0.022, which attests that the entity had a -0.022% return per unit of risk over the last 3 months. Jembo Cable exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jembo Cable's Market Risk Adjusted Performance of 0.1764, risk adjusted performance of (0.02), and Standard Deviation of 1.32 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jembo Cable are expected to decrease at a much lower rate. During the bear market, Jembo Cable is likely to outperform the market. At this point, Jembo Cable has a negative expected return of -0.0293%. Please make sure to check out Jembo Cable's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Jembo Cable performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Jembo Cable has good predictability. Overlapping area represents the amount of predictability between Jembo Cable time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 Jembo Cable price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Jembo Cable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2794.91 |
Jembo Cable lagged returns against current returns
Autocorrelation, which is Jembo Cable 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 Jembo Cable's stock expected returns. We can calculate the autocorrelation of Jembo Cable returns to help us make a trade decision. For example, suppose you find that Jembo Cable 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 |
Jembo Cable 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 Jembo Cable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jembo Cable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jembo Cable stock over time.
Current vs Lagged Prices |
| Timeline |
Jembo Cable Lagged Returns
When evaluating Jembo Cable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jembo Cable stock have on its future price. Jembo Cable 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, Jembo Cable autocorrelation shows the relationship between Jembo Cable stock current value and its past values and can show if there is a momentum factor associated with investing in Jembo Cable.
Regressed Prices |
| Timeline |
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Jembo Cable financial ratios help investors to determine whether Jembo 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 Jembo with respect to the benefits of owning Jembo Cable security.