Maming Enam (Indonesia) Market Value
| AKSI Stock | IDR 131.00 2.00 1.55% |
| Symbol | Maming |
Maming Enam '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 Maming Enam'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 Maming Enam.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Maming Enam on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Maming Enam Sembilan or generate 0.0% return on investment in Maming Enam over 30 days. Maming Enam is related to or competes with Astra International, United Tractors, Bukit Asam, Indofood Sukses, and Hanjaya Mandala. PT Maming Enam Sembilan Mineral Tbk, through its subsidiary, PT Rezki Batulicin Transport, engages in the land transport... More
Maming Enam 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 Maming Enam'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 Maming Enam Sembilan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 45.76 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 3.41 |
Maming Enam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maming Enam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maming Enam's standard deviation. In reality, there are many statistical measures that can use Maming Enam historical prices to predict the future Maming Enam's volatility.| Risk Adjusted Performance | 0.0045 | |||
| Jensen Alpha | 0.0645 | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 0.0355 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Maming Enam's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Maming Enam Sembilan Backtested Returns
We consider Maming Enam very steady. Maming Enam Sembilan has Sharpe Ratio of 0.0203, which conveys that the firm had a 0.0203% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Maming Enam, which you can use to evaluate the volatility of the firm. Please verify Maming Enam's Risk Adjusted Performance of 0.0045, mean deviation of 2.48, and Standard Deviation of 5.25 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Maming Enam has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -1.3, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Maming Enam are expected to decrease by larger amounts. On the other hand, during market turmoil, Maming Enam is expected to outperform it. Maming Enam Sembilan right now secures a risk of 5.85%. Please verify Maming Enam Sembilan treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Maming Enam Sembilan will be following its current price movements.
Auto-correlation | 0.75 |
Good predictability
Maming Enam Sembilan has good predictability. Overlapping area represents the amount of predictability between Maming Enam time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Maming Enam Sembilan price movement. The serial correlation of 0.75 indicates that around 75.0% of current Maming Enam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.86 |
Maming Enam Sembilan lagged returns against current returns
Autocorrelation, which is Maming Enam 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 Maming Enam's stock expected returns. We can calculate the autocorrelation of Maming Enam returns to help us make a trade decision. For example, suppose you find that Maming Enam 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 |
Maming Enam 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 Maming Enam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maming Enam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maming Enam stock over time.
Current vs Lagged Prices |
| Timeline |
Maming Enam Lagged Returns
When evaluating Maming Enam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maming Enam stock have on its future price. Maming Enam 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, Maming Enam autocorrelation shows the relationship between Maming Enam stock current value and its past values and can show if there is a momentum factor associated with investing in Maming Enam Sembilan.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Maming Enam in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Maming Enam's short interest history, or implied volatility extrapolated from Maming Enam options trading.
Pair Trading with Maming Enam
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 Maming Enam 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 Maming Enam will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Maming Enam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maming Enam 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 Maming Enam - 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 Maming Enam Sembilan to buy it.
The correlation of Maming Enam 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 Maming Enam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maming Enam Sembilan 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 Maming Enam 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.Check out Maming Enam Correlation, Maming Enam Volatility and Maming Enam Alpha and Beta module to complement your research on Maming Enam. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Maming Stock analysis
When running Maming Enam's price analysis, check to measure Maming Enam'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 Maming Enam is operating at the current time. Most of Maming Enam's value examination focuses on studying past and present price action to predict the probability of Maming Enam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maming Enam's price. Additionally, you may evaluate how the addition of Maming Enam to your portfolios can decrease your overall portfolio volatility.
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Maming Enam technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.