Surya Semesta (Indonesia) Market Value
| SSIA Stock | IDR 945.00 55.00 5.50% |
| Symbol | Surya |
Surya Semesta '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 Surya Semesta'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 Surya Semesta.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Surya Semesta on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Surya Semesta Internusa or generate 0.0% return on investment in Surya Semesta over 30 days. Surya Semesta is related to or competes with Summarecon Agung, Lippo Cikarang, Alam Sutera, Lippo Karawaci, and Bekasi Fajar. PT Surya Semesta Internusa Tbk, together with its subsidiaries, engages in the construction business More
Surya Semesta 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 Surya Semesta'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 Surya Semesta Internusa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.53 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 5.43 |
Surya Semesta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surya Semesta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surya Semesta's standard deviation. In reality, there are many statistical measures that can use Surya Semesta historical prices to predict the future Surya Semesta's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.31) |
Surya Semesta Internusa Backtested Returns
Surya Semesta Internusa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0276, which indicates the firm had a -0.0276% return per unit of risk over the last 3 months. Surya Semesta Internusa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Surya Semesta's Variance of 10.09, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,562) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Surya Semesta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Surya Semesta is expected to be smaller as well. At this point, Surya Semesta Internusa has a negative expected return of -0.0903%. Please make sure to validate Surya Semesta's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Surya Semesta Internusa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Surya Semesta Internusa has very good predictability. Overlapping area represents the amount of predictability between Surya Semesta 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 Surya Semesta Internusa price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Surya Semesta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 4470.25 |
Surya Semesta Internusa lagged returns against current returns
Autocorrelation, which is Surya Semesta 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 Surya Semesta's stock expected returns. We can calculate the autocorrelation of Surya Semesta returns to help us make a trade decision. For example, suppose you find that Surya Semesta 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 |
Surya Semesta 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 Surya Semesta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surya Semesta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surya Semesta stock over time.
Current vs Lagged Prices |
| Timeline |
Surya Semesta Lagged Returns
When evaluating Surya Semesta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surya Semesta stock have on its future price. Surya Semesta 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, Surya Semesta autocorrelation shows the relationship between Surya Semesta stock current value and its past values and can show if there is a momentum factor associated with investing in Surya Semesta Internusa.
Regressed Prices |
| Timeline |
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Surya Semesta financial ratios help investors to determine whether Surya 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 Surya with respect to the benefits of owning Surya Semesta security.