PAM Mineral (Indonesia) Market Value
| NICL Stock | 304.00 16.00 5.56% |
| Symbol | PAM |
PAM Mineral '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 PAM Mineral'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 PAM Mineral.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in PAM Mineral on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding PAM Mineral Tbk or generate 0.0% return on investment in PAM Mineral over 510 days. PAM Mineral is related to or competes with Merdeka Copper, Aneka Tambang, Bumi Resources, Timah Persero, and Petrosea Tbk. More
PAM Mineral 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 PAM Mineral'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 PAM Mineral Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0366 | |||
| Maximum Drawdown | 13.12 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 5.44 |
PAM Mineral Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAM Mineral's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PAM Mineral's standard deviation. In reality, there are many statistical measures that can use PAM Mineral historical prices to predict the future PAM Mineral's volatility.| Risk Adjusted Performance | 0.0727 | |||
| Jensen Alpha | 0.2374 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | (1.10) |
PAM Mineral Tbk Backtested Returns
PAM Mineral appears to be very steady, given 3 months investment horizon. PAM Mineral Tbk maintains Sharpe Ratio (i.e., Efficiency) of 0.0766, which implies the company had a 0.0766% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for PAM Mineral Tbk, which you can use to evaluate the volatility of the entity. Please evaluate PAM Mineral's coefficient of variation of 1163.99, and Market Risk Adjusted Performance of (1.09) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PAM Mineral holds a performance score of 6. The firm holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PAM Mineral are expected to decrease at a much lower rate. During the bear market, PAM Mineral is likely to outperform the market. Please check PAM Mineral's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether PAM Mineral's historical price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
PAM Mineral Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between PAM Mineral time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 PAM Mineral Tbk price movement. The serial correlation of -0.18 indicates that over 18.0% of current PAM Mineral price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2993.82 |
PAM Mineral Tbk lagged returns against current returns
Autocorrelation, which is PAM Mineral 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 PAM Mineral's stock expected returns. We can calculate the autocorrelation of PAM Mineral returns to help us make a trade decision. For example, suppose you find that PAM Mineral 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 |
PAM Mineral 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 PAM Mineral stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PAM Mineral stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PAM Mineral stock over time.
Current vs Lagged Prices |
| Timeline |
PAM Mineral Lagged Returns
When evaluating PAM Mineral's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PAM Mineral stock have on its future price. PAM Mineral 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, PAM Mineral autocorrelation shows the relationship between PAM Mineral stock current value and its past values and can show if there is a momentum factor associated with investing in PAM Mineral Tbk.
Regressed Prices |
| Timeline |
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PAM Mineral financial ratios help investors to determine whether PAM 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 PAM with respect to the benefits of owning PAM Mineral security.