Royal Prima (Indonesia) Market Value
| PRIM Stock | 61.00 1.00 1.67% |
| Symbol | Royal |
Royal Prima '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 Royal Prima'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 Royal Prima.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Royal Prima on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Royal Prima PT or generate 0.0% return on investment in Royal Prima over 30 days. Royal Prima is related to or competes with Astra Graphia, Hexindo Adiperkasa, Lautan Luas, and Citra Marga. More
Royal Prima 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 Royal Prima'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 Royal Prima PT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.38 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.76 |
Royal Prima Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Royal Prima's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Royal Prima's standard deviation. In reality, there are many statistical measures that can use Royal Prima historical prices to predict the future Royal Prima's volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | 0.0529 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0132 |
Royal Prima PT Backtested Returns
Royal Prima PT maintains Sharpe Ratio (i.e., Efficiency) of -0.0188, which implies the firm had a -0.0188% return per unit of risk over the last 3 months. Royal Prima PT exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Royal Prima's Semi Deviation of 1.82, coefficient of variation of 69333.55, and Risk Adjusted Performance of 0.0079 to confirm the risk estimate we provide. The company holds a Beta of -0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Royal Prima are expected to decrease at a much lower rate. During the bear market, Royal Prima is likely to outperform the market. At this point, Royal Prima PT has a negative expected return of -0.046%. Please make sure to check Royal Prima's potential upside, semi variance, and the relationship between the value at risk and downside variance , to decide if Royal Prima PT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Royal Prima PT has insignificant predictability. Overlapping area represents the amount of predictability between Royal Prima time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Royal Prima PT price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Royal Prima price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Royal Prima PT lagged returns against current returns
Autocorrelation, which is Royal Prima 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 Royal Prima's stock expected returns. We can calculate the autocorrelation of Royal Prima returns to help us make a trade decision. For example, suppose you find that Royal Prima 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 |
Royal Prima 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 Royal Prima stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Royal Prima stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Royal Prima stock over time.
Current vs Lagged Prices |
| Timeline |
Royal Prima Lagged Returns
When evaluating Royal Prima's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Royal Prima stock have on its future price. Royal Prima 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, Royal Prima autocorrelation shows the relationship between Royal Prima stock current value and its past values and can show if there is a momentum factor associated with investing in Royal Prima PT.
Regressed Prices |
| Timeline |
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Royal Prima financial ratios help investors to determine whether Royal 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 Royal with respect to the benefits of owning Royal Prima security.