Vale Indonesia Tbk Stock Market Value
| PTNDY Stock | USD 13.26 0.00 0.00% |
| Symbol | Vale |
Vale Indonesia '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 Vale Indonesia'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 Vale Indonesia.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Vale Indonesia on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Vale Indonesia Tbk or generate 0.0% return on investment in Vale Indonesia over 540 days. Vale Indonesia is related to or competes with Vale SA, Rio Tinto, BHP Group, Glencore PLC, and Lithium Americas. PT Vale Indonesia Tbk engages in the exploration and mining, processing, storage, transportation, and marketing of nicke... More
Vale Indonesia 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 Vale Indonesia'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 Vale Indonesia Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0294 | |||
| Maximum Drawdown | 10.87 |
Vale Indonesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vale Indonesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vale Indonesia's standard deviation. In reality, there are many statistical measures that can use Vale Indonesia historical prices to predict the future Vale Indonesia's volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.156 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (13.57) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vale Indonesia'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.
Vale Indonesia Tbk Backtested Returns
At this stage we consider Vale Pink Sheet to be very steady. Vale Indonesia Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Vale Indonesia Tbk, which you can use to evaluate the volatility of the company. Please validate Vale Indonesia's Variance of 1.79, coefficient of variation of 812.4, and Risk Adjusted Performance of 0.0986 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Vale Indonesia has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.0114, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vale Indonesia are expected to decrease at a much lower rate. During the bear market, Vale Indonesia is likely to outperform the market. Vale Indonesia Tbk right now has a risk of 1.37%. Please validate Vale Indonesia information ratio and day median price , to decide if Vale Indonesia will be following its existing price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Vale Indonesia Tbk has insignificant predictability. Overlapping area represents the amount of predictability between Vale Indonesia time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Vale Indonesia Tbk price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Vale Indonesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.47 |
Vale Indonesia Tbk lagged returns against current returns
Autocorrelation, which is Vale Indonesia 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 Vale Indonesia's pink sheet expected returns. We can calculate the autocorrelation of Vale Indonesia returns to help us make a trade decision. For example, suppose you find that Vale Indonesia 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 |
Vale Indonesia 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 Vale Indonesia pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vale Indonesia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vale Indonesia pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Vale Indonesia Lagged Returns
When evaluating Vale Indonesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vale Indonesia pink sheet have on its future price. Vale Indonesia 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, Vale Indonesia autocorrelation shows the relationship between Vale Indonesia pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Vale Indonesia Tbk.
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 Vale Pink Sheet Analysis
When running Vale Indonesia's price analysis, check to measure Vale Indonesia'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 Vale Indonesia is operating at the current time. Most of Vale Indonesia's value examination focuses on studying past and present price action to predict the probability of Vale Indonesia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vale Indonesia's price. Additionally, you may evaluate how the addition of Vale Indonesia to your portfolios can decrease your overall portfolio volatility.