Prima Andalan (Indonesia) Market Value
| MCOL Stock | 5,325 25.00 0.47% |
| Symbol | Prima |
Prima Andalan '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 Prima Andalan'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 Prima Andalan.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Prima Andalan on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Prima Andalan Mandiri or generate 0.0% return on investment in Prima Andalan over 30 days. Prima Andalan is related to or competes with Baramulti Suksessarana, Mitrabara Adiperdana, Adaro Minerals, and RMK Energy. More
Prima Andalan 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 Prima Andalan'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 Prima Andalan Mandiri upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8803 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.37 |
Prima Andalan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prima Andalan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prima Andalan's standard deviation. In reality, there are many statistical measures that can use Prima Andalan historical prices to predict the future Prima Andalan's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.05) |
Prima Andalan Mandiri Backtested Returns
Prima Andalan Mandiri maintains Sharpe Ratio (i.e., Efficiency) of -0.0383, which implies the firm had a -0.0383% return per unit of risk over the last 3 months. Prima Andalan Mandiri exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prima Andalan's Risk Adjusted Performance of 0.0044, semi deviation of 0.7162, and Coefficient Of Variation of 23459.04 to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prima Andalan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prima Andalan is expected to be smaller as well. At this point, Prima Andalan Mandiri has a negative expected return of -0.0331%. Please make sure to check Prima Andalan's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Prima Andalan Mandiri performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Prima Andalan Mandiri has good predictability. Overlapping area represents the amount of predictability between Prima Andalan time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Prima Andalan Mandiri price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Prima Andalan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 3901.91 |
Prima Andalan Mandiri lagged returns against current returns
Autocorrelation, which is Prima Andalan 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 Prima Andalan's stock expected returns. We can calculate the autocorrelation of Prima Andalan returns to help us make a trade decision. For example, suppose you find that Prima Andalan 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 |
Prima Andalan 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 Prima Andalan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prima Andalan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prima Andalan stock over time.
Current vs Lagged Prices |
| Timeline |
Prima Andalan Lagged Returns
When evaluating Prima Andalan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prima Andalan stock have on its future price. Prima Andalan 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, Prima Andalan autocorrelation shows the relationship between Prima Andalan stock current value and its past values and can show if there is a momentum factor associated with investing in Prima Andalan Mandiri.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Prima Stock
Prima Andalan financial ratios help investors to determine whether Prima 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 Prima with respect to the benefits of owning Prima Andalan security.