PT Techno9 (Indonesia) Market Value
| NINE Stock | 42.00 3.00 7.69% |
| Symbol | NINE |
PT Techno9 '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 PT Techno9'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 PT Techno9.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in PT Techno9 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding PT Techno9 Indonesia or generate 0.0% return on investment in PT Techno9 over 30 days. PT Techno9 is related to or competes with Multipolar Technology, Digital Mediatama, NFC Indonesia, and Kioson Komersial. More
PT Techno9 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 PT Techno9'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 PT Techno9 Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.01 | |||
| Information Ratio | 0.367 | |||
| Maximum Drawdown | 25.4 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
PT Techno9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Techno9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Techno9's standard deviation. In reality, there are many statistical measures that can use PT Techno9 historical prices to predict the future PT Techno9's volatility.| Risk Adjusted Performance | 0.304 | |||
| Jensen Alpha | 2.7 | |||
| Total Risk Alpha | 1.58 | |||
| Sortino Ratio | 0.2421 | |||
| Treynor Ratio | 3.63 |
PT Techno9 Indonesia Backtested Returns
PT Techno9 is somewhat reliable given 3 months investment horizon. PT Techno9 Indonesia retains Efficiency (Sharpe Ratio) of 0.44, which implies the firm had a 0.44% return per unit of price deviation over the last 3 months. We were able to collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.14% are justified by taking the suggested risk. Use PT Techno9 Indonesia standard deviation of 7.27, and Market Risk Adjusted Performance of 3.64 to evaluate company specific risk that cannot be diversified away. PT Techno9 holds a performance score of 34 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PT Techno9's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Techno9 is expected to be smaller as well. Use PT Techno9 Indonesia downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on PT Techno9 Indonesia.
Auto-correlation | 1.00 |
Perfect predictability
PT Techno9 Indonesia has perfect predictability. Overlapping area represents the amount of predictability between PT Techno9 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 PT Techno9 Indonesia price movement. The serial correlation of 1.0 indicates that 100.0% of current PT Techno9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 49.0 |
PT Techno9 Indonesia lagged returns against current returns
Autocorrelation, which is PT Techno9 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 PT Techno9's stock expected returns. We can calculate the autocorrelation of PT Techno9 returns to help us make a trade decision. For example, suppose you find that PT Techno9 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 |
PT Techno9 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 PT Techno9 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Techno9 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Techno9 stock over time.
Current vs Lagged Prices |
| Timeline |
PT Techno9 Lagged Returns
When evaluating PT Techno9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Techno9 stock have on its future price. PT Techno9 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, PT Techno9 autocorrelation shows the relationship between PT Techno9 stock current value and its past values and can show if there is a momentum factor associated with investing in PT Techno9 Indonesia.
Regressed Prices |
| Timeline |
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PT Techno9 financial ratios help investors to determine whether NINE 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 NINE with respect to the benefits of owning PT Techno9 security.