Media Nusantara Citra Stock Market Value
| PTMEY Stock | USD 1.88 0.00 0.00% |
| Symbol | Media |
Media Nusantara '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 Media Nusantara's pink sheet 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 Media Nusantara.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Media Nusantara on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Media Nusantara Citra or generate 0.0% return on investment in Media Nusantara over 720 days. Media Nusantara is related to or competes with Socket Mobile, WPP PLC, Kandi Technologies, WiMi Hologram, National CineMedia, Ituran Location, and Magnite. Media Nusantara Citra Tbk operates as a media company in Indonesia More
Media Nusantara 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 Media Nusantara's pink sheet 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 Media Nusantara Citra upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 7.39 |
Media Nusantara Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Media Nusantara's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Media Nusantara's standard deviation. In reality, there are many statistical measures that can use Media Nusantara historical prices to predict the future Media Nusantara's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Media Nusantara's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Media Nusantara Citra Backtested Returns
Media Nusantara Citra has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Media Nusantara exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Media Nusantara's Mean Deviation of 0.2205, risk adjusted performance of (0.09), and Standard Deviation of 0.9095 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.18, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Media Nusantara's returns are expected to increase less than the market. However, during the bear market, the loss of holding Media Nusantara is expected to be smaller as well. At this point, Media Nusantara Citra has a negative expected return of -0.12%. Please make sure to verify Media Nusantara's coefficient of variation and skewness , to decide if Media Nusantara Citra performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Media Nusantara Citra has average predictability. Overlapping area represents the amount of predictability between Media Nusantara time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Media Nusantara Citra price movement. The serial correlation of 0.49 indicates that about 49.0% of current Media Nusantara price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Media Nusantara Citra lagged returns against current returns
Autocorrelation, which is Media Nusantara pink sheet'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 Media Nusantara's pink sheet expected returns. We can calculate the autocorrelation of Media Nusantara returns to help us make a trade decision. For example, suppose you find that Media Nusantara has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Media Nusantara 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 Media Nusantara pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Media Nusantara pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Media Nusantara pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Media Nusantara Lagged Returns
When evaluating Media Nusantara's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Media Nusantara pink sheet have on its future price. Media Nusantara 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, Media Nusantara autocorrelation shows the relationship between Media Nusantara pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Media Nusantara Citra.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Media Pink Sheet Analysis
When running Media Nusantara's price analysis, check to measure Media Nusantara's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Media Nusantara is operating at the current time. Most of Media Nusantara's value examination focuses on studying past and present price action to predict the probability of Media Nusantara's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Media Nusantara's price. Additionally, you may evaluate how the addition of Media Nusantara to your portfolios can decrease your overall portfolio volatility.