Mitra Keluarga (Indonesia) Market Value
| MIKA Stock | IDR 2,630 20.00 0.77% |
| Symbol | Mitra |
Mitra Keluarga '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 Keluarga'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 Keluarga.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Mitra Keluarga on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Mitra Keluarga Karyasehat or generate 0.0% return on investment in Mitra Keluarga over 30 days. Mitra Keluarga is related to or competes with Astra Graphia, Hexindo Adiperkasa, Lautan Luas, Citra Marga, and Darya Varia. PT Mitra Keluarga Karyasehat Tbk, together with its subsidiaries, owns and operates hospitals in Indonesia More
Mitra Keluarga 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 Keluarga'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 Keluarga Karyasehat upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.99 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.0 |
Mitra Keluarga Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitra Keluarga's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitra Keluarga's standard deviation. In reality, there are many statistical measures that can use Mitra Keluarga historical prices to predict the future Mitra Keluarga's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.73) |
Mitra Keluarga Karyasehat Backtested Returns
Mitra Keluarga Karyasehat has Sharpe Ratio of -0.0996, which conveys that the firm had a -0.0996% return per unit of risk over the last 3 months. Mitra Keluarga exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitra Keluarga's Standard Deviation of 1.94, mean deviation of 1.46, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mitra Keluarga's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitra Keluarga is expected to be smaller as well. At this point, Mitra Keluarga Karyasehat has a negative expected return of -0.2%. Please make sure to verify Mitra Keluarga's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Mitra Keluarga Karyasehat performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Mitra Keluarga Karyasehat has good predictability. Overlapping area represents the amount of predictability between Mitra Keluarga time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Keluarga Karyasehat price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Mitra Keluarga price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 980.56 |
Mitra Keluarga Karyasehat lagged returns against current returns
Autocorrelation, which is Mitra Keluarga 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 Keluarga's stock expected returns. We can calculate the autocorrelation of Mitra Keluarga returns to help us make a trade decision. For example, suppose you find that Mitra Keluarga 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 Keluarga 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 Keluarga stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitra Keluarga stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitra Keluarga stock over time.
Current vs Lagged Prices |
| Timeline |
Mitra Keluarga Lagged Returns
When evaluating Mitra Keluarga's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitra Keluarga stock have on its future price. Mitra Keluarga 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 Keluarga autocorrelation shows the relationship between Mitra Keluarga stock current value and its past values and can show if there is a momentum factor associated with investing in Mitra Keluarga Karyasehat.
Regressed Prices |
| Timeline |
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Mitra Keluarga 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 Keluarga security.