TAMBANG BATUBARA-B- (Germany) Market Value
| TBA Stock | EUR 0.18 0.00 0.00% |
| Symbol | TAMBANG |
TAMBANG BATUBARA-B- '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 TAMBANG BATUBARA-B-'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 TAMBANG BATUBARA-B-.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in TAMBANG BATUBARA-B- on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding TAMBANG BATUBARA B or generate 0.0% return on investment in TAMBANG BATUBARA-B- over 90 days. TAMBANG BATUBARA-B- is related to or competes with Apple, Apple, Apple, Microsoft, and Microsoft. More
TAMBANG BATUBARA-B- 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 TAMBANG BATUBARA-B-'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 TAMBANG BATUBARA B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0893 | |||
| Maximum Drawdown | 25.1 |
TAMBANG BATUBARA-B- Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAMBANG BATUBARA-B-'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAMBANG BATUBARA-B-'s standard deviation. In reality, there are many statistical measures that can use TAMBANG BATUBARA-B- historical prices to predict the future TAMBANG BATUBARA-B-'s volatility.| Risk Adjusted Performance | 0.1057 | |||
| Jensen Alpha | 0.1567 | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.1913 |
TAMBANG BATUBARA-B- Backtested Returns
TAMBANG BATUBARA-B- appears to be out of control, given 3 months investment horizon. TAMBANG BATUBARA-B- owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found sixteen technical indicators for TAMBANG BATUBARA B , which you can use to evaluate the volatility of the entity. Please review TAMBANG BATUBARA-B-'s Market Risk Adjusted Performance of 0.2013, risk adjusted performance of 0.1057, and Standard Deviation of 3.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TAMBANG BATUBARA-B- holds a performance score of 7. The firm has a beta of 2.22, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, TAMBANG BATUBARA-B- will likely underperform. Please check TAMBANG BATUBARA-B-'s maximum drawdown, as well as the relationship between the kurtosis and day median price , to make a quick decision on whether TAMBANG BATUBARA-B-'s existing price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
TAMBANG BATUBARA B has good predictability. Overlapping area represents the amount of predictability between TAMBANG BATUBARA-B- time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 TAMBANG BATUBARA-B- price movement. The serial correlation of 0.74 indicates that around 74.0% of current TAMBANG BATUBARA-B- price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAMBANG BATUBARA-B- lagged returns against current returns
Autocorrelation, which is TAMBANG BATUBARA-B- 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 TAMBANG BATUBARA-B-'s stock expected returns. We can calculate the autocorrelation of TAMBANG BATUBARA-B- returns to help us make a trade decision. For example, suppose you find that TAMBANG BATUBARA-B- 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 |
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TAMBANG BATUBARA-B- 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 TAMBANG BATUBARA-B- stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAMBANG BATUBARA-B- stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAMBANG BATUBARA-B- stock over time.
Current vs Lagged Prices |
| Timeline |
TAMBANG BATUBARA-B- Lagged Returns
When evaluating TAMBANG BATUBARA-B-'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAMBANG BATUBARA-B- stock have on its future price. TAMBANG BATUBARA-B- 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, TAMBANG BATUBARA-B- autocorrelation shows the relationship between TAMBANG BATUBARA-B- stock current value and its past values and can show if there is a momentum factor associated with investing in TAMBANG BATUBARA B .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for TAMBANG Stock Analysis
When running TAMBANG BATUBARA-B-'s price analysis, check to measure TAMBANG BATUBARA-B-'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TAMBANG BATUBARA-B- is operating at the current time. Most of TAMBANG BATUBARA-B-'s value examination focuses on studying past and present price action to predict the probability of TAMBANG BATUBARA-B-'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAMBANG BATUBARA-B-'s price. Additionally, you may evaluate how the addition of TAMBANG BATUBARA-B- to your portfolios can decrease your overall portfolio volatility.