Sona Topas (Indonesia) Market Value
| SONA Stock | IDR 6,675 725.00 9.80% |
| Symbol | Sona |
Sona Topas '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 Sona Topas' 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 Sona Topas.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Sona Topas on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Sona Topas Tourism or generate 0.0% return on investment in Sona Topas over 720 days. Sona Topas is related to or competes with Japfa Comfeed, Charoen Pokphand, Erajaya Swasembada, Indofood Cbp, and Pakuwon Jati. More
Sona Topas 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 Sona Topas' 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 Sona Topas Tourism upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.52 | |||
| Information Ratio | 0.2797 | |||
| Maximum Drawdown | 34.95 | |||
| Value At Risk | (9.89) | |||
| Potential Upside | 24.81 |
Sona Topas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sona Topas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sona Topas' standard deviation. In reality, there are many statistical measures that can use Sona Topas historical prices to predict the future Sona Topas' volatility.| Risk Adjusted Performance | 0.2334 | |||
| Jensen Alpha | 3.17 | |||
| Total Risk Alpha | 1.28 | |||
| Sortino Ratio | 0.3817 | |||
| Treynor Ratio | (2.26) |
Sona Topas Tourism Backtested Returns
Sona Topas is very steady given 3 months investment horizon. Sona Topas Tourism owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28% return per unit of risk over the last 3 months. We were able to collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.95% are justified by taking the suggested risk. Use Sona Topas Tourism Risk Adjusted Performance of 0.2334, semi deviation of 3.92, and Coefficient Of Variation of 341.12 to evaluate company specific risk that cannot be diversified away. Sona Topas holds a performance score of 22 on a scale of zero to a hundred. The entity has a beta of -1.32, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sona Topas are expected to decrease by larger amounts. On the other hand, during market turmoil, Sona Topas is expected to outperform it. Use Sona Topas Tourism treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Sona Topas Tourism.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Sona Topas Tourism has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sona Topas time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Sona Topas Tourism price movement. The serial correlation of -0.2 indicates that over 20.0% of current Sona Topas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 7.1 M |
Sona Topas Tourism lagged returns against current returns
Autocorrelation, which is Sona Topas 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 Sona Topas' stock expected returns. We can calculate the autocorrelation of Sona Topas returns to help us make a trade decision. For example, suppose you find that Sona Topas 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 |
Sona Topas 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 Sona Topas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sona Topas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sona Topas stock over time.
Current vs Lagged Prices |
| Timeline |
Sona Topas Lagged Returns
When evaluating Sona Topas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sona Topas stock have on its future price. Sona Topas 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, Sona Topas autocorrelation shows the relationship between Sona Topas stock current value and its past values and can show if there is a momentum factor associated with investing in Sona Topas Tourism.
Regressed Prices |
| Timeline |
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Sona Topas financial ratios help investors to determine whether Sona 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 Sona with respect to the benefits of owning Sona Topas security.