Sarana Meditama (Indonesia) Market Value
| SAME Stock | IDR 250.00 8.00 3.10% |
| Symbol | Sarana |
Sarana Meditama '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 Sarana Meditama'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 Sarana Meditama.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sarana Meditama on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sarana Meditama Metropolitan or generate 0.0% return on investment in Sarana Meditama over 30 days. Sarana Meditama is related to or competes with Siloam International, Mitra Keluarga, Adi Sarana, Elang Mahkota, and Prodia Widyahusada. PT Sarana Meditama Metropolitan Tbk, together with its subsidiaries, engages in the management of hospitals in Indonesia More
Sarana Meditama 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 Sarana Meditama'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 Sarana Meditama Metropolitan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 18.07 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.48 |
Sarana Meditama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sarana Meditama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sarana Meditama's standard deviation. In reality, there are many statistical measures that can use Sarana Meditama historical prices to predict the future Sarana Meditama's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | 0.2385 |
Sarana Meditama Metr Backtested Returns
Sarana Meditama Metr owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0636, which indicates the firm had a -0.0636% return per unit of risk over the last 3 months. Sarana Meditama Metropolitan exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sarana Meditama's Coefficient Of Variation of (2,063), variance of 11.3, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of -0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sarana Meditama are expected to decrease at a much lower rate. During the bear market, Sarana Meditama is likely to outperform the market. At this point, Sarana Meditama Metr has a negative expected return of -0.22%. Please make sure to validate Sarana Meditama's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Sarana Meditama Metr performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Sarana Meditama Metropolitan has good reverse predictability. Overlapping area represents the amount of predictability between Sarana Meditama time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Sarana Meditama Metr price movement. The serial correlation of -0.52 indicates that about 52.0% of current Sarana Meditama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 21.36 |
Sarana Meditama Metr lagged returns against current returns
Autocorrelation, which is Sarana Meditama 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 Sarana Meditama's stock expected returns. We can calculate the autocorrelation of Sarana Meditama returns to help us make a trade decision. For example, suppose you find that Sarana Meditama 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 |
Sarana Meditama 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 Sarana Meditama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sarana Meditama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sarana Meditama stock over time.
Current vs Lagged Prices |
| Timeline |
Sarana Meditama Lagged Returns
When evaluating Sarana Meditama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sarana Meditama stock have on its future price. Sarana Meditama 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, Sarana Meditama autocorrelation shows the relationship between Sarana Meditama stock current value and its past values and can show if there is a momentum factor associated with investing in Sarana Meditama Metropolitan.
Regressed Prices |
| Timeline |
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Sarana Meditama financial ratios help investors to determine whether Sarana 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 Sarana with respect to the benefits of owning Sarana Meditama security.