Paramita Bangun (Indonesia) Market Value
| PBSA Stock | 338.00 2.00 0.59% |
| Symbol | Paramita |
Paramita Bangun '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 Paramita Bangun'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 Paramita Bangun.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Paramita Bangun on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Paramita Bangun Sarana or generate 0.0% return on investment in Paramita Bangun over 30 days. Paramita Bangun is related to or competes with Nusa Raya, Indonesia Pondasi, Pelayaran Nelly, PP Presisi, and Jaya Konstruksi. More
Paramita Bangun 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 Paramita Bangun'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 Paramita Bangun Sarana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0614 | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 2.44 |
Paramita Bangun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paramita Bangun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paramita Bangun's standard deviation. In reality, there are many statistical measures that can use Paramita Bangun historical prices to predict the future Paramita Bangun's volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.2646 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0927 | |||
| Treynor Ratio | (1.11) |
Paramita Bangun Sarana Backtested Returns
Paramita Bangun appears to be very steady, given 3 months investment horizon. Paramita Bangun Sarana maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Paramita Bangun Sarana, which you can use to evaluate the volatility of the company. Please evaluate Paramita Bangun's Risk Adjusted Performance of 0.1116, semi deviation of 0.5492, and Coefficient Of Variation of 722.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paramita Bangun holds a performance score of 8. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Paramita Bangun are expected to decrease at a much lower rate. During the bear market, Paramita Bangun is likely to outperform the market. Please check Paramita Bangun's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Paramita Bangun's historical price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Paramita Bangun Sarana has good predictability. Overlapping area represents the amount of predictability between Paramita Bangun time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Paramita Bangun Sarana price movement. The serial correlation of 0.72 indicates that around 72.0% of current Paramita Bangun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 8.16 |
Paramita Bangun Sarana lagged returns against current returns
Autocorrelation, which is Paramita Bangun 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 Paramita Bangun's stock expected returns. We can calculate the autocorrelation of Paramita Bangun returns to help us make a trade decision. For example, suppose you find that Paramita Bangun 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 |
Paramita Bangun 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 Paramita Bangun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paramita Bangun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paramita Bangun stock over time.
Current vs Lagged Prices |
| Timeline |
Paramita Bangun Lagged Returns
When evaluating Paramita Bangun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paramita Bangun stock have on its future price. Paramita Bangun 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, Paramita Bangun autocorrelation shows the relationship between Paramita Bangun stock current value and its past values and can show if there is a momentum factor associated with investing in Paramita Bangun Sarana.
Regressed Prices |
| Timeline |
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Paramita Bangun financial ratios help investors to determine whether Paramita 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 Paramita with respect to the benefits of owning Paramita Bangun security.