Tirta Mahakam Current Valuation vs. Beta
| TIRT Stock | IDR 27.00 2.00 8.00% |
For Tirta Mahakam profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tirta Mahakam to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tirta Mahakam Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tirta Mahakam's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tirta Mahakam Resources over time as well as its relative position and ranking within its peers.
Tirta |
Tirta Mahakam Resources Beta vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tirta Mahakam's current stock value. Our valuation model uses many indicators to compare Tirta Mahakam value to that of its competitors to determine the firm's financial worth. Tirta Mahakam Resources is rated fourth in current valuation category among its peers. It is rated fifth in beta category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tirta Mahakam's earnings, one of the primary drivers of an investment's value.Tirta Current Valuation vs. Competition
Tirta Mahakam Resources is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 9.88 Trillion. Tirta Mahakam holds roughly 863.46 Billion in current valuation claiming about 9% of all equities under Materials industry.
Tirta Beta vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Tirta Mahakam |
| = | 863.46 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Tirta Mahakam |
| = | -0.0657 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tirta Beta Comparison
Tirta Mahakam is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, returns on owning Tirta Mahakam are expected to decrease at a much lower rate. During the bear market, Tirta Mahakam is likely to outperform the market.
Tirta Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tirta Mahakam. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Tirta Mahakam position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Tirta Mahakam's important profitability drivers and their relationship over time.
Use Tirta Mahakam in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tirta Mahakam position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tirta Mahakam will appreciate offsetting losses from the drop in the long position's value.Tirta Mahakam Pair Trading
Tirta Mahakam Resources Pair Trading Analysis
The ability to find closely correlated positions to Tirta Mahakam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tirta Mahakam when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tirta Mahakam - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tirta Mahakam Resources to buy it.
The correlation of Tirta Mahakam is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tirta Mahakam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tirta Mahakam Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tirta Mahakam can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Tirta Mahakam position
In addition to having Tirta Mahakam in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Currency Funds Thematic Idea Now
Currency Funds
Funds or Etfs investing in a single currency or combination of currencies from different countries in order to replicate respective foreign exchange markets. The Currency Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Currency Funds Theme or any other thematic opportunities.
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Other Information on Investing in Tirta Stock
To fully project Tirta Mahakam's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tirta Mahakam Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Tirta Mahakam's income statement, its balance sheet, and the statement of cash flows.