Tirta Mahakam (Indonesia) Market Value
| TIRT Stock | IDR 44.00 0.00 0.00% |
| Symbol | Tirta |
Tirta Mahakam '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 Tirta Mahakam'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 Tirta Mahakam.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Tirta Mahakam on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Tirta Mahakam Resources or generate 0.0% return on investment in Tirta Mahakam over 30 days. Tirta Mahakam is related to or competes with Slj Global, Indo Acidatama, Trias Sentosa, Suparma Tbk, and PT Sreeya. More
Tirta Mahakam 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 Tirta Mahakam'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 Tirta Mahakam Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.6 | |||
| Information Ratio | 0.2093 | |||
| Maximum Drawdown | 19.62 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 9.68 |
Tirta Mahakam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tirta Mahakam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tirta Mahakam's standard deviation. In reality, there are many statistical measures that can use Tirta Mahakam historical prices to predict the future Tirta Mahakam's volatility.| Risk Adjusted Performance | 0.1632 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | 1.37 | |||
| Sortino Ratio | 0.1533 | |||
| Treynor Ratio | (1.16) |
Tirta Mahakam Resources Backtested Returns
Tirta Mahakam appears to be not too volatile, given 3 months investment horizon. Tirta Mahakam Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15 % return per unit of risk over the last 3 months. By inspecting Tirta Mahakam's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Tirta Mahakam's Coefficient Of Variation of 476.58, risk adjusted performance of 0.1632, and Semi Deviation of 4.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tirta Mahakam holds a performance score of 11. The entity has a beta of -1.13, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Tirta Mahakam are expected to decrease slowly. On the other hand, during market turmoil, Tirta Mahakam is expected to outperform it slightly. Please check Tirta Mahakam's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Tirta Mahakam's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Tirta Mahakam Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Tirta Mahakam time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th 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 Tirta Mahakam Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tirta Mahakam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tirta Mahakam Resources lagged returns against current returns
Autocorrelation, which is Tirta Mahakam 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 Tirta Mahakam's stock expected returns. We can calculate the autocorrelation of Tirta Mahakam returns to help us make a trade decision. For example, suppose you find that Tirta Mahakam 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 |
Tirta Mahakam 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 Tirta Mahakam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tirta Mahakam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tirta Mahakam stock over time.
Current vs Lagged Prices |
| Timeline |
Tirta Mahakam Lagged Returns
When evaluating Tirta Mahakam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tirta Mahakam stock have on its future price. Tirta Mahakam 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, Tirta Mahakam autocorrelation shows the relationship between Tirta Mahakam stock current value and its past values and can show if there is a momentum factor associated with investing in Tirta Mahakam Resources.
Regressed Prices |
| Timeline |
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Tirta Mahakam financial ratios help investors to determine whether Tirta 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 Tirta with respect to the benefits of owning Tirta Mahakam security.