PT Bumi (Germany) Market Value
| PJM Stock | EUR 0.01 0.00 0.00% |
| Symbol | PJM |
PT Bumi '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 Bumi'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 Bumi.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in PT Bumi on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding PT Bumi Resources or generate 0.0% return on investment in PT Bumi over 720 days. PT Bumi is related to or competes with National Health, Bumrungrad Hospital, SMA Solar, MACOM Technology, and AECOM TECHNOLOGY. PT Bumi Resources Tbk, through its subsidiaries, engages in mining activities in Indonesia More
PT Bumi 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 Bumi'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 Bumi Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.05 | |||
| Information Ratio | 0.1506 | |||
| Maximum Drawdown | 29.86 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 14.29 |
PT Bumi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Bumi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Bumi's standard deviation. In reality, there are many statistical measures that can use PT Bumi historical prices to predict the future PT Bumi's volatility.| Risk Adjusted Performance | 0.1412 | |||
| Jensen Alpha | 0.8519 | |||
| Total Risk Alpha | 0.0285 | |||
| Sortino Ratio | 0.1133 | |||
| Treynor Ratio | 0.7047 |
PT Bumi Resources Backtested Returns
PT Bumi appears to be out of control, given 3 months investment horizon. PT Bumi Resources retains Efficiency (Sharpe Ratio) of 0.15, which implies the firm had a 0.15% return per unit of price deviation over the last 3 months. By inspecting PT Bumi's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please evaluate PT Bumi's standard deviation of 6.06, and Market Risk Adjusted Performance of 0.7147 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PT Bumi holds a performance score of 11. The company owns a Beta (Systematic Risk) of 1.48, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PT Bumi will likely underperform. Please check PT Bumi's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether PT Bumi's current price history will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
PT Bumi Resources has poor reverse predictability. Overlapping area represents the amount of predictability between PT Bumi time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 PT Bumi Resources price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current PT Bumi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Bumi Resources lagged returns against current returns
Autocorrelation, which is PT Bumi 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 Bumi's stock expected returns. We can calculate the autocorrelation of PT Bumi returns to help us make a trade decision. For example, suppose you find that PT Bumi 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 Bumi 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 Bumi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Bumi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Bumi stock over time.
Current vs Lagged Prices |
| Timeline |
PT Bumi Lagged Returns
When evaluating PT Bumi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Bumi stock have on its future price. PT Bumi 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 Bumi autocorrelation shows the relationship between PT Bumi stock current value and its past values and can show if there is a momentum factor associated with investing in PT Bumi Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PJM Stock
PT Bumi financial ratios help investors to determine whether PJM 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 PJM with respect to the benefits of owning PT Bumi security.