Aneka Tambang (Indonesia) Market Value
ANTM Stock | IDR 1,765 5.00 0.28% |
Symbol | Aneka |
Aneka Tambang '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 Aneka Tambang'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 Aneka Tambang.
06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Aneka Tambang on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Aneka Tambang Persero or generate 0.0% return on investment in Aneka Tambang over 300 days. Aneka Tambang is related to or competes with Perusahaan Gas, Vale Indonesia, Bukit Asam, Telkom Indonesia, and Timah Persero. PT Aneka Tambang Tbk operates as a diversified mining and metals company in Indonesia More
Aneka Tambang 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 Aneka Tambang'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 Aneka Tambang Persero upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.95 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 12.28 | |||
Value At Risk | (2.33) | |||
Potential Upside | 3.9 |
Aneka Tambang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aneka Tambang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aneka Tambang's standard deviation. In reality, there are many statistical measures that can use Aneka Tambang historical prices to predict the future Aneka Tambang's volatility.Risk Adjusted Performance | 0.027 | |||
Jensen Alpha | 0.1173 | |||
Total Risk Alpha | (0.22) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aneka Tambang'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.
Aneka Tambang Persero Backtested Returns
Aneka Tambang appears to be very steady, given 3 months investment horizon. Aneka Tambang Persero secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Aneka Tambang Persero, which you can use to evaluate the volatility of the firm. Please makes use of Aneka Tambang's mean deviation of 1.66, and Risk Adjusted Performance of 0.027 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aneka Tambang holds a performance score of 9. The firm shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aneka Tambang are expected to decrease at a much lower rate. During the bear market, Aneka Tambang is likely to outperform the market. Please check Aneka Tambang's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Aneka Tambang's price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Aneka Tambang Persero has very weak reverse predictability. Overlapping area represents the amount of predictability between Aneka Tambang time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd 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 Aneka Tambang Persero price movement. The serial correlation of -0.02 indicates that only 2.0% of current Aneka Tambang price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.02 | |
Spearman Rank Test | 0.12 | |
Residual Average | 0.0 | |
Price Variance | 7785.29 |
Aneka Tambang Persero lagged returns against current returns
Autocorrelation, which is Aneka Tambang 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 Aneka Tambang's stock expected returns. We can calculate the autocorrelation of Aneka Tambang returns to help us make a trade decision. For example, suppose you find that Aneka Tambang 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 |
Aneka Tambang 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 Aneka Tambang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aneka Tambang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aneka Tambang stock over time.
Current vs Lagged Prices |
Timeline |
Aneka Tambang Lagged Returns
When evaluating Aneka Tambang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aneka Tambang stock have on its future price. Aneka Tambang 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, Aneka Tambang autocorrelation shows the relationship between Aneka Tambang stock current value and its past values and can show if there is a momentum factor associated with investing in Aneka Tambang Persero.
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 Aneka Tambang 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, Aneka Tambang's short interest history, or implied volatility extrapolated from Aneka Tambang options trading.
Pair Trading with Aneka Tambang
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 Aneka Tambang 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 Aneka Tambang will appreciate offsetting losses from the drop in the long position's value.Moving together with Aneka Stock
0.62 | ISSP | Steel Pipe Industry | PairCorr |
Moving against Aneka Stock
0.55 | VIVA | Visi Media Asia | PairCorr |
0.53 | WINR | PT Winner Nusantara | PairCorr |
The ability to find closely correlated positions to Aneka Tambang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aneka Tambang 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 Aneka Tambang - 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 Aneka Tambang Persero to buy it.
The correlation of Aneka Tambang 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 Aneka Tambang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aneka Tambang Persero 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 Aneka Tambang 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 Aneka Tambang Correlation, Aneka Tambang Volatility and Aneka Tambang Alpha and Beta module to complement your research on Aneka Tambang. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Aneka Stock analysis
When running Aneka Tambang's price analysis, check to measure Aneka Tambang'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 Aneka Tambang is operating at the current time. Most of Aneka Tambang's value examination focuses on studying past and present price action to predict the probability of Aneka Tambang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aneka Tambang's price. Additionally, you may evaluate how the addition of Aneka Tambang to your portfolios can decrease your overall portfolio volatility.
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Aneka Tambang 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.