Samindo Resources (Indonesia) Market Value
| MYOH Stock | IDR 1,600 105.00 7.02% |
| Symbol | Samindo |
Samindo Resources '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 Samindo Resources' 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 Samindo Resources.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Samindo Resources on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Samindo Resources Tbk or generate 0.0% return on investment in Samindo Resources over 30 days. Samindo Resources is related to or competes with Resource Alam, Petrosea Tbk, Kmi Wire, Mitrabara Adiperdana, and TBS Energi. PT Samindo Resources Tbk, through its subsidiaries, provides coal and other mining services primarily in Indonesia More
Samindo Resources 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 Samindo Resources' 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 Samindo Resources Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0879 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.82 |
Samindo Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samindo Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samindo Resources' standard deviation. In reality, there are many statistical measures that can use Samindo Resources historical prices to predict the future Samindo Resources' volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.2961 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0969 | |||
| Treynor Ratio | (4.51) |
Samindo Resources Tbk Backtested Returns
Samindo Resources appears to be very steady, given 3 months investment horizon. Samindo Resources Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Samindo Resources Tbk, which you can use to evaluate the volatility of the company. Please review Samindo Resources' Coefficient Of Variation of 647.27, semi deviation of 1.06, and Risk Adjusted Performance of 0.1241 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Samindo Resources holds a performance score of 12. The entity has a beta of -0.0639, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Samindo Resources are expected to decrease at a much lower rate. During the bear market, Samindo Resources is likely to outperform the market. Please check Samindo Resources' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Samindo Resources' existing price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Samindo Resources Tbk has modest predictability. Overlapping area represents the amount of predictability between Samindo Resources time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Samindo Resources Tbk price movement. The serial correlation of 0.53 indicates that about 53.0% of current Samindo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 5537.6 |
Samindo Resources Tbk lagged returns against current returns
Autocorrelation, which is Samindo Resources 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 Samindo Resources' stock expected returns. We can calculate the autocorrelation of Samindo Resources returns to help us make a trade decision. For example, suppose you find that Samindo Resources 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 |
Samindo Resources 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 Samindo Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samindo Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samindo Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Samindo Resources Lagged Returns
When evaluating Samindo Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samindo Resources stock have on its future price. Samindo Resources 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, Samindo Resources autocorrelation shows the relationship between Samindo Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Samindo Resources Tbk.
Regressed Prices |
| Timeline |
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Samindo Resources financial ratios help investors to determine whether Samindo 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 Samindo with respect to the benefits of owning Samindo Resources security.