Millennium Pharmacon (Indonesia) Market Value
| SDPC Stock | IDR 173.00 10.00 6.13% |
| Symbol | Millennium |
Millennium Pharmacon '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 Millennium Pharmacon'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 Millennium Pharmacon.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Millennium Pharmacon on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Millennium Pharmacon International or generate 0.0% return on investment in Millennium Pharmacon over 30 days. Millennium Pharmacon is related to or competes with Astra Graphia, Hexindo Adiperkasa, Lautan Luas, Citra Marga, and Darya Varia. PT Millennium Pharmacon International Tbk distributes and trades in prescription medicine, non-prescription medicine, fo... More
Millennium Pharmacon 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 Millennium Pharmacon'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 Millennium Pharmacon International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0779 | |||
| Maximum Drawdown | 22.69 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 5.88 |
Millennium Pharmacon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millennium Pharmacon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millennium Pharmacon's standard deviation. In reality, there are many statistical measures that can use Millennium Pharmacon historical prices to predict the future Millennium Pharmacon's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.3674 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0882 | |||
| Treynor Ratio | (2.73) |
Millennium Pharmacon Backtested Returns
Millennium Pharmacon appears to be very steady, given 3 months investment horizon. Millennium Pharmacon has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Millennium Pharmacon, which you can use to evaluate the volatility of the firm. Please exercise Millennium Pharmacon's Downside Deviation of 2.89, mean deviation of 1.85, and Risk Adjusted Performance of 0.0926 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Millennium Pharmacon holds a performance score of 10. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Millennium Pharmacon are expected to decrease at a much lower rate. During the bear market, Millennium Pharmacon is likely to outperform the market. Please check Millennium Pharmacon's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Millennium Pharmacon's current price movements will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Millennium Pharmacon International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Millennium Pharmacon 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 Millennium Pharmacon price movement. The serial correlation of -0.73 indicates that around 73.0% of current Millennium Pharmacon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 74.2 |
Millennium Pharmacon lagged returns against current returns
Autocorrelation, which is Millennium Pharmacon 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 Millennium Pharmacon's stock expected returns. We can calculate the autocorrelation of Millennium Pharmacon returns to help us make a trade decision. For example, suppose you find that Millennium Pharmacon 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 |
Millennium Pharmacon 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 Millennium Pharmacon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millennium Pharmacon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millennium Pharmacon stock over time.
Current vs Lagged Prices |
| Timeline |
Millennium Pharmacon Lagged Returns
When evaluating Millennium Pharmacon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millennium Pharmacon stock have on its future price. Millennium Pharmacon 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, Millennium Pharmacon autocorrelation shows the relationship between Millennium Pharmacon stock current value and its past values and can show if there is a momentum factor associated with investing in Millennium Pharmacon International.
Regressed Prices |
| Timeline |
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Millennium Pharmacon financial ratios help investors to determine whether Millennium 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 Millennium with respect to the benefits of owning Millennium Pharmacon security.