Supreme Cable (Indonesia) Market Value
| SCCO Stock | IDR 2,200 20.00 0.90% |
| Symbol | Supreme |
Supreme Cable '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 Supreme Cable'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 Supreme Cable.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Supreme Cable on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Supreme Cable Manufacturing or generate 0.0% return on investment in Supreme Cable over 30 days. Supreme Cable is related to or competes with Astra Otoparts, Citra Marga, Metrodata Electronics, and Gajah Tunggal. PT Supreme Cable Manufacturing Commerce Tbk manufactures and sells electrical cables, and insulation and melamine produc... More
Supreme Cable 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 Supreme Cable'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 Supreme Cable Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.32 |
Supreme Cable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supreme Cable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supreme Cable's standard deviation. In reality, there are many statistical measures that can use Supreme Cable historical prices to predict the future Supreme Cable's volatility.| Risk Adjusted Performance | 0.0402 | |||
| Jensen Alpha | 0.0247 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2838 |
Supreme Cable Manufa Backtested Returns
As of now, Supreme Stock is very steady. Supreme Cable Manufa owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0125, which indicates the firm had a 0.0125% return per unit of risk over the last 3 months. We have found thirty technical indicators for Supreme Cable Manufacturing, which you can use to evaluate the volatility of the company. Please validate Supreme Cable's Coefficient Of Variation of 1942.92, risk adjusted performance of 0.0402, and Semi Deviation of 0.698 to confirm if the risk estimate we provide is consistent with the expected return of 0.0112%. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Supreme Cable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Supreme Cable is expected to be smaller as well. Supreme Cable Manufa right now has a risk of 0.9%. Please validate Supreme Cable treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Supreme Cable will be following its existing price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Supreme Cable Manufacturing has poor reverse predictability. Overlapping area represents the amount of predictability between Supreme Cable time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Supreme Cable Manufa price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Supreme Cable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 851.24 |
Supreme Cable Manufa lagged returns against current returns
Autocorrelation, which is Supreme Cable 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 Supreme Cable's stock expected returns. We can calculate the autocorrelation of Supreme Cable returns to help us make a trade decision. For example, suppose you find that Supreme Cable 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 |
Supreme Cable 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 Supreme Cable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supreme Cable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supreme Cable stock over time.
Current vs Lagged Prices |
| Timeline |
Supreme Cable Lagged Returns
When evaluating Supreme Cable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supreme Cable stock have on its future price. Supreme Cable 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, Supreme Cable autocorrelation shows the relationship between Supreme Cable stock current value and its past values and can show if there is a momentum factor associated with investing in Supreme Cable Manufacturing.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Supreme Stock
Supreme Cable financial ratios help investors to determine whether Supreme 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 Supreme with respect to the benefits of owning Supreme Cable security.