Rig Tenders (Indonesia) Market Value
| RIGS Stock | IDR 605.00 15.00 2.54% |
| Symbol | Rig |
Rig Tenders '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 Rig Tenders' 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 Rig Tenders.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Rig Tenders on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Rig Tenders Tbk or generate 0.0% return on investment in Rig Tenders over 30 days. Rig Tenders is related to or competes with Samudera Indonesia, Rukun Raharja, PT Temas, and Weha Transportasi. More
Rig Tenders 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 Rig Tenders' 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 Rig Tenders Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0399 | |||
| Maximum Drawdown | 24.01 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 4.2 |
Rig Tenders Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rig Tenders' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rig Tenders' standard deviation. In reality, there are many statistical measures that can use Rig Tenders historical prices to predict the future Rig Tenders' volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.2201 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0502 | |||
| Treynor Ratio | 2.73 |
Rig Tenders Tbk Backtested Returns
Rig Tenders Tbk maintains Sharpe Ratio (i.e., Efficiency) of -0.0552, which implies the firm had a -0.0552% return per unit of risk over the last 3 months. Rig Tenders Tbk exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rig Tenders' Risk Adjusted Performance of 0.0639, coefficient of variation of 1354.9, and Semi Deviation of 2.04 to confirm the risk estimate we provide. The company holds a Beta of 0.0837, which implies not very significant fluctuations relative to the market. As returns on the market increase, Rig Tenders' returns are expected to increase less than the market. However, during the bear market, the loss of holding Rig Tenders is expected to be smaller as well. At this point, Rig Tenders Tbk has a negative expected return of -0.12%. Please make sure to check Rig Tenders' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Rig Tenders Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Rig Tenders Tbk has very good reverse predictability. Overlapping area represents the amount of predictability between Rig Tenders time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Rig Tenders Tbk price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Rig Tenders price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 349.17 |
Rig Tenders Tbk lagged returns against current returns
Autocorrelation, which is Rig Tenders 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 Rig Tenders' stock expected returns. We can calculate the autocorrelation of Rig Tenders returns to help us make a trade decision. For example, suppose you find that Rig Tenders 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 |
Rig Tenders 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 Rig Tenders stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rig Tenders stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rig Tenders stock over time.
Current vs Lagged Prices |
| Timeline |
Rig Tenders Lagged Returns
When evaluating Rig Tenders' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rig Tenders stock have on its future price. Rig Tenders 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, Rig Tenders autocorrelation shows the relationship between Rig Tenders stock current value and its past values and can show if there is a momentum factor associated with investing in Rig Tenders Tbk.
Regressed Prices |
| Timeline |
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Rig Tenders financial ratios help investors to determine whether Rig 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 Rig with respect to the benefits of owning Rig Tenders security.