Surya Toto (Indonesia) Market Value
| TOTO Stock | IDR 224.00 1.90 0.84% |
| Symbol | Surya |
Surya Toto '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 Surya Toto'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 Surya Toto.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Surya Toto on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Surya Toto Indonesia or generate 0.0% return on investment in Surya Toto over 30 days. Surya Toto is related to or competes with Rukun Raharja, PT Temas, and Weha Transportasi. More
Surya Toto 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 Surya Toto'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 Surya Toto Indonesia upside and downside potential and time the market with a certain degree of confidence.
Surya Toto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surya Toto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surya Toto's standard deviation. In reality, there are many statistical measures that can use Surya Toto historical prices to predict the future Surya Toto's volatility.| Risk Adjusted Performance | 0.0782 | |||
| Jensen Alpha | 0.1316 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (1.14) |
Surya Toto Indonesia Backtested Returns
As of now, Surya Stock is very steady. Surya Toto Indonesia owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0474, which indicates the firm had a 0.0474% return per unit of risk over the last 3 months. We have found thirty technical indicators for Surya Toto Indonesia, which you can use to evaluate the volatility of the company. Please validate Surya Toto's Coefficient Of Variation of 1037.33, semi deviation of 0.9674, and Risk Adjusted Performance of 0.0782 to confirm if the risk estimate we provide is consistent with the expected return of 0.0612%. Surya Toto has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Surya Toto are expected to decrease at a much lower rate. During the bear market, Surya Toto is likely to outperform the market. Surya Toto Indonesia right now has a risk of 1.29%. Please validate Surya Toto sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Surya Toto will be following its existing price patterns.
Auto-correlation | 0.94 |
Excellent predictability
Surya Toto Indonesia has excellent predictability. Overlapping area represents the amount of predictability between Surya Toto 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 Surya Toto Indonesia price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Surya Toto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 6.08 |
Surya Toto Indonesia lagged returns against current returns
Autocorrelation, which is Surya Toto 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 Surya Toto's stock expected returns. We can calculate the autocorrelation of Surya Toto returns to help us make a trade decision. For example, suppose you find that Surya Toto 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 |
Surya Toto 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 Surya Toto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surya Toto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surya Toto stock over time.
Current vs Lagged Prices |
| Timeline |
Surya Toto Lagged Returns
When evaluating Surya Toto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surya Toto stock have on its future price. Surya Toto 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, Surya Toto autocorrelation shows the relationship between Surya Toto stock current value and its past values and can show if there is a momentum factor associated with investing in Surya Toto Indonesia.
Regressed Prices |
| Timeline |
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Surya Toto financial ratios help investors to determine whether Surya 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 Surya with respect to the benefits of owning Surya Toto security.