Mitra Adiperkasa (Indonesia) Market Value
| MAPI Stock | IDR 1,500 100.00 6.25% |
| Symbol | Mitra |
Mitra Adiperkasa '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 Mitra Adiperkasa'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 Mitra Adiperkasa.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Mitra Adiperkasa on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Mitra Adiperkasa Tbk or generate 0.0% return on investment in Mitra Adiperkasa over 330 days. Mitra Adiperkasa is related to or competes with Ramayana Lestari, Ace Hardware, Summarecon Agung, Media Nusantara, and Akr Corporindo. More
Mitra Adiperkasa 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 Mitra Adiperkasa'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 Mitra Adiperkasa Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.5 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.42 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 5.74 |
Mitra Adiperkasa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitra Adiperkasa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitra Adiperkasa's standard deviation. In reality, there are many statistical measures that can use Mitra Adiperkasa historical prices to predict the future Mitra Adiperkasa's volatility.| Risk Adjusted Performance | 0.0138 | |||
| Jensen Alpha | 0.0938 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.02) |
Mitra Adiperkasa Tbk Backtested Returns
As of now, Mitra Stock is very steady. Mitra Adiperkasa Tbk has Sharpe Ratio of 0.0149, which conveys that the firm had a 0.0149% return per unit of risk over the last 3 months. We have found thirty technical indicators for Mitra Adiperkasa, which you can use to evaluate the volatility of the firm. Please verify Mitra Adiperkasa's Risk Adjusted Performance of 0.0138, mean deviation of 2.07, and Downside Deviation of 2.5 to check out if the risk estimate we provide is consistent with the expected return of 0.046%. Mitra Adiperkasa has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.65, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mitra Adiperkasa are expected to decrease at a much lower rate. During the bear market, Mitra Adiperkasa is likely to outperform the market. Mitra Adiperkasa Tbk right now secures a risk of 3.09%. Please verify Mitra Adiperkasa Tbk sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Mitra Adiperkasa Tbk will be following its current price movements.
Auto-correlation | -0.85 |
Excellent reverse predictability
Mitra Adiperkasa Tbk has excellent reverse predictability. Overlapping area represents the amount of predictability between Mitra Adiperkasa time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Mitra Adiperkasa Tbk price movement. The serial correlation of -0.85 indicates that around 85.0% of current Mitra Adiperkasa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 24.2 K |
Mitra Adiperkasa Tbk lagged returns against current returns
Autocorrelation, which is Mitra Adiperkasa 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 Mitra Adiperkasa's stock expected returns. We can calculate the autocorrelation of Mitra Adiperkasa returns to help us make a trade decision. For example, suppose you find that Mitra Adiperkasa 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 |
Mitra Adiperkasa 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 Mitra Adiperkasa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitra Adiperkasa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitra Adiperkasa stock over time.
Current vs Lagged Prices |
| Timeline |
Mitra Adiperkasa Lagged Returns
When evaluating Mitra Adiperkasa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitra Adiperkasa stock have on its future price. Mitra Adiperkasa 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, Mitra Adiperkasa autocorrelation shows the relationship between Mitra Adiperkasa stock current value and its past values and can show if there is a momentum factor associated with investing in Mitra Adiperkasa Tbk.
Regressed Prices |
| Timeline |
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Mitra Adiperkasa financial ratios help investors to determine whether Mitra 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 Mitra with respect to the benefits of owning Mitra Adiperkasa security.