Rimo International (Indonesia) Market Value
| RIMO Stock | IDR 50.00 0.00 0.00% |
| Symbol | Rimo |
Rimo International '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 Rimo International'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 Rimo International.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Rimo International on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Rimo International Lestari or generate 0.0% return on investment in Rimo International over 360 days. Rimo International is related to or competes with Eastparc Hotel, Inocycle Technology, City Retail, Ace Hardware, Hero Supermarket, Garuda Metalindo, and Panin Financial. More
Rimo International 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 Rimo International'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 Rimo International Lestari upside and downside potential and time the market with a certain degree of confidence.
Rimo International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rimo International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rimo International's standard deviation. In reality, there are many statistical measures that can use Rimo International historical prices to predict the future Rimo International's volatility.Rimo International Backtested Returns
We have found three technical indicators for Rimo International, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Rimo International are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Rimo International Lestari has no correlation between past and present. Overlapping area represents the amount of predictability between Rimo International time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Rimo International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Rimo International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Rimo International lagged returns against current returns
Autocorrelation, which is Rimo International 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 Rimo International's stock expected returns. We can calculate the autocorrelation of Rimo International returns to help us make a trade decision. For example, suppose you find that Rimo International 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 |
Rimo International 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 Rimo International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rimo International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rimo International stock over time.
Current vs Lagged Prices |
| Timeline |
Rimo International Lagged Returns
When evaluating Rimo International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rimo International stock have on its future price. Rimo International 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, Rimo International autocorrelation shows the relationship between Rimo International stock current value and its past values and can show if there is a momentum factor associated with investing in Rimo International Lestari.
Regressed Prices |
| Timeline |
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Rimo International financial ratios help investors to determine whether Rimo 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 Rimo with respect to the benefits of owning Rimo International security.