Bukit Asam Tbk Stock Market Value
| TBNGY Stock | USD 4.00 0.25 5.88% |
| Symbol | Bukit |
Bukit Asam '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 Bukit Asam's pink sheet 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 Bukit Asam.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Bukit Asam on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Bukit Asam Tbk or generate 0.0% return on investment in Bukit Asam over 720 days. Bukit Asam is related to or competes with Boot Barn, Aluminumof China, Canada Goose, Tandy Leather, and Ralph Lauren. PT Bukit Asam Tbk, together with its subsidiaries, engages in the coal mining activities in Indonesia More
Bukit Asam 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 Bukit Asam's pink sheet 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 Bukit Asam Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.82 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 4.17 |
Bukit Asam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bukit Asam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bukit Asam's standard deviation. In reality, there are many statistical measures that can use Bukit Asam historical prices to predict the future Bukit Asam's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.1848 |
Bukit Asam Tbk Backtested Returns
Bukit Asam Tbk secures Sharpe Ratio (or Efficiency) of -0.0544, which signifies that the company had a -0.0544 % return per unit of risk over the last 3 months. Bukit Asam Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bukit Asam's Risk Adjusted Performance of (0.03), mean deviation of 1.22, and Standard Deviation of 3.45 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.02, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Bukit Asam are expected to decrease slowly. On the other hand, during market turmoil, Bukit Asam is expected to outperform it slightly. At this point, Bukit Asam Tbk has a negative expected return of -0.2%. Please make sure to confirm Bukit Asam's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and period momentum indicator , to decide if Bukit Asam Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Bukit Asam Tbk has insignificant predictability. Overlapping area represents the amount of predictability between Bukit Asam time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bukit Asam Tbk price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Bukit Asam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Bukit Asam Tbk lagged returns against current returns
Autocorrelation, which is Bukit Asam pink sheet'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 Bukit Asam's pink sheet expected returns. We can calculate the autocorrelation of Bukit Asam returns to help us make a trade decision. For example, suppose you find that Bukit Asam has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bukit Asam 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 Bukit Asam pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bukit Asam pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bukit Asam pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bukit Asam Lagged Returns
When evaluating Bukit Asam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bukit Asam pink sheet have on its future price. Bukit Asam 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, Bukit Asam autocorrelation shows the relationship between Bukit Asam pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bukit Asam Tbk.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Bukit Pink Sheet Analysis
When running Bukit Asam's price analysis, check to measure Bukit Asam'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 Bukit Asam is operating at the current time. Most of Bukit Asam's value examination focuses on studying past and present price action to predict the probability of Bukit Asam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bukit Asam's price. Additionally, you may evaluate how the addition of Bukit Asam to your portfolios can decrease your overall portfolio volatility.