Bukit Asam's market value is the price at which a share of Bukit Asam trades on a public exchange. It measures the collective expectations of Bukit Asam Tbk investors about its performance. Bukit Asam is trading at 4.08 as of the 19th of January 2025; that is 0.49% increase since the beginning of the trading day. The stock's open price was 4.06. With this module, you can estimate the performance of a buy and hold strategy of Bukit Asam Tbk and determine expected loss or profit from investing in Bukit Asam over a given investment horizon. Check out Bukit Asam Correlation, Bukit Asam Volatility and Bukit Asam Alpha and Beta module to complement your research on Bukit Asam.
Please note, there is a significant difference between Bukit Asam's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bukit Asam is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bukit Asam's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Bukit Asam on December 20, 2024 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 30 days. Bukit Asam is related to or competes with Boston Beer, Daily Journal, Coca Cola, Keurig Dr, Compania Cervecerias, Acco Brands, and Youdao. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bukit Asam. Your research has to be compared to or analyzed against Bukit Asam's peers to derive any actionable benefits. When done correctly, Bukit Asam's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bukit Asam Tbk.
Bukit Asam Tbk Backtested Returns
Bukit Asam Tbk secures Sharpe Ratio (or Efficiency) of -0.0474, which signifies that the company had a -0.0474% return per unit of risk over the last 3 months. Bukit Asam Tbk exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bukit Asam's Mean Deviation of 1.21, standard deviation of 3.41, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.85, which signifies possible diversification benefits within a given portfolio. 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 -0.16%. Please make sure to confirm Bukit Asam's information ratio, 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
0.45
Average predictability
Bukit Asam Tbk has average predictability. Overlapping area represents the amount of predictability between Bukit Asam time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 0.45 indicates that just about 45.0% of current Bukit Asam price fluctuation can be explain by its past prices.
Correlation Coefficient
0.45
Spearman Rank Test
0.93
Residual Average
0.0
Price Variance
0.0
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.
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.