Tower Bersama (Indonesia) Market Value
| TBIG Stock | IDR 1,930 20.00 1.05% |
| Symbol | Tower |
Tower Bersama '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 Tower Bersama'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 Tower Bersama.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Tower Bersama on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tower Bersama Infrastructure or generate 0.0% return on investment in Tower Bersama over 30 days. Tower Bersama is related to or competes with PT Sarana, XL Axiata, Merdeka Copper, Surya Citra, and Akr Corporindo. More
Tower Bersama 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 Tower Bersama'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 Tower Bersama Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.31 |
Tower Bersama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tower Bersama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tower Bersama's standard deviation. In reality, there are many statistical measures that can use Tower Bersama historical prices to predict the future Tower Bersama's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | 0.0055 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.72) |
Tower Bersama Infras Backtested Returns
As of now, Tower Stock is very steady. Tower Bersama Infras owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0205, which indicates the firm had a 0.0205% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tower Bersama Infrastructure, which you can use to evaluate the volatility of the company. Please validate Tower Bersama's Semi Deviation of 0.6371, risk adjusted performance of 0.0146, and Coefficient Of Variation of 5475.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.0147%. Tower Bersama has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0068, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tower Bersama are expected to decrease at a much lower rate. During the bear market, Tower Bersama is likely to outperform the market. Tower Bersama Infras right now has a risk of 0.72%. Please validate Tower Bersama maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to decide if Tower Bersama will be following its existing price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Tower Bersama Infrastructure has poor reverse predictability. Overlapping area represents the amount of predictability between Tower Bersama 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 Tower Bersama Infras price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Tower Bersama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 264.88 |
Tower Bersama Infras lagged returns against current returns
Autocorrelation, which is Tower Bersama 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 Tower Bersama's stock expected returns. We can calculate the autocorrelation of Tower Bersama returns to help us make a trade decision. For example, suppose you find that Tower Bersama 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 |
Tower Bersama 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 Tower Bersama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tower Bersama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tower Bersama stock over time.
Current vs Lagged Prices |
| Timeline |
Tower Bersama Lagged Returns
When evaluating Tower Bersama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tower Bersama stock have on its future price. Tower Bersama 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, Tower Bersama autocorrelation shows the relationship between Tower Bersama stock current value and its past values and can show if there is a momentum factor associated with investing in Tower Bersama Infrastructure.
Regressed Prices |
| Timeline |
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Tower Bersama financial ratios help investors to determine whether Tower 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 Tower with respect to the benefits of owning Tower Bersama security.