Salim Ivomas (Indonesia) Market Value
| SIMP Stock | IDR 394.00 2.00 0.51% |
| Symbol | Salim |
Salim Ivomas '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 Salim Ivomas' 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 Salim Ivomas.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Salim Ivomas on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Salim Ivomas Pratama or generate 0.0% return on investment in Salim Ivomas over 30 days. Salim Ivomas is related to or competes with Kalbe Farma, and Akr Corporindo. More
Salim Ivomas 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 Salim Ivomas' 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 Salim Ivomas Pratama upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.4 |
Salim Ivomas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Salim Ivomas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Salim Ivomas' standard deviation. In reality, there are many statistical measures that can use Salim Ivomas historical prices to predict the future Salim Ivomas' volatility.| Risk Adjusted Performance | 0.0455 | |||
| Jensen Alpha | 0.1175 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.19) |
Salim Ivomas Pratama Backtested Returns
As of now, Salim Stock is very steady. Salim Ivomas Pratama owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0383, which indicates the firm had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Salim Ivomas Pratama, which you can use to evaluate the volatility of the company. Please validate Salim Ivomas' Risk Adjusted Performance of 0.0455, coefficient of variation of 1897.55, and Semi Deviation of 1.02 to confirm if the risk estimate we provide is consistent with the expected return of 0.0604%. Salim Ivomas has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Salim Ivomas are expected to decrease at a much lower rate. During the bear market, Salim Ivomas is likely to outperform the market. Salim Ivomas Pratama right now has a risk of 1.58%. Please validate Salim Ivomas sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Salim Ivomas will be following its existing price patterns.
Auto-correlation | 0.47 |
Average predictability
Salim Ivomas Pratama has average predictability. Overlapping area represents the amount of predictability between Salim Ivomas time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Salim Ivomas Pratama price movement. The serial correlation of 0.47 indicates that about 47.0% of current Salim Ivomas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 99.17 |
Salim Ivomas Pratama lagged returns against current returns
Autocorrelation, which is Salim Ivomas 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 Salim Ivomas' stock expected returns. We can calculate the autocorrelation of Salim Ivomas returns to help us make a trade decision. For example, suppose you find that Salim Ivomas 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 |
Salim Ivomas 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 Salim Ivomas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Salim Ivomas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Salim Ivomas stock over time.
Current vs Lagged Prices |
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Salim Ivomas Lagged Returns
When evaluating Salim Ivomas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Salim Ivomas stock have on its future price. Salim Ivomas 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, Salim Ivomas autocorrelation shows the relationship between Salim Ivomas stock current value and its past values and can show if there is a momentum factor associated with investing in Salim Ivomas Pratama.
Regressed Prices |
| Timeline |
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Salim Ivomas financial ratios help investors to determine whether Salim 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 Salim with respect to the benefits of owning Salim Ivomas security.