Radiant Utama (Indonesia) Market Value
| RUIS Stock | IDR 172.00 1.00 0.58% |
| Symbol | Radiant |
Radiant Utama '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 Radiant Utama'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 Radiant Utama.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Radiant Utama on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Radiant Utama Interinsco or generate 0.0% return on investment in Radiant Utama over 30 days. Radiant Utama is related to or competes with Petrosea Tbk, Harum Energy, Perdana Karya, and Samindo Resources. PT Radiant Utama Interinsco Tbk, together with its subsidiaries, provides technical support services to the oil and gas ... More
Radiant Utama 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 Radiant Utama'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 Radiant Utama Interinsco upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.69 |
Radiant Utama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Radiant Utama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Radiant Utama's standard deviation. In reality, there are many statistical measures that can use Radiant Utama historical prices to predict the future Radiant Utama's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0173 | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.0888 |
Radiant Utama Interinsco Backtested Returns
Radiant Utama Interinsco maintains Sharpe Ratio (i.e., Efficiency) of -0.0287, which implies the firm had a -0.0287% return per unit of risk over the last 3 months. Radiant Utama Interinsco exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Radiant Utama's Variance of 1.09, coefficient of variation of (2,747), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Radiant Utama are expected to decrease at a much lower rate. During the bear market, Radiant Utama is likely to outperform the market. At this point, Radiant Utama Interinsco has a negative expected return of -0.03%. Please make sure to check Radiant Utama's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Radiant Utama Interinsco performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Radiant Utama Interinsco has poor reverse predictability. Overlapping area represents the amount of predictability between Radiant Utama time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Radiant Utama Interinsco price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Radiant Utama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Radiant Utama Interinsco lagged returns against current returns
Autocorrelation, which is Radiant Utama 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 Radiant Utama's stock expected returns. We can calculate the autocorrelation of Radiant Utama returns to help us make a trade decision. For example, suppose you find that Radiant Utama 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 |
Radiant Utama 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 Radiant Utama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Radiant Utama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Radiant Utama stock over time.
Current vs Lagged Prices |
| Timeline |
Radiant Utama Lagged Returns
When evaluating Radiant Utama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Radiant Utama stock have on its future price. Radiant Utama 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, Radiant Utama autocorrelation shows the relationship between Radiant Utama stock current value and its past values and can show if there is a momentum factor associated with investing in Radiant Utama Interinsco.
Regressed Prices |
| Timeline |
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Radiant Utama financial ratios help investors to determine whether Radiant 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 Radiant with respect to the benefits of owning Radiant Utama security.