Midi Utama (Indonesia) Market Value
| MIDI Stock | IDR 392.00 8.00 2.00% |
| Symbol | Midi |
Midi Utama '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 Midi Utama'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 Midi Utama.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Midi Utama on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Midi Utama Indonesia or generate 0.0% return on investment in Midi Utama over 30 days. Midi Utama is related to or competes with Vale Indonesia, Timah Persero, United Tractors, and Semen Indonesia. More
Midi Utama 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 Midi Utama'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 Midi Utama Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.13 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 3.67 |
Midi Utama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midi Utama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Midi Utama's standard deviation. In reality, there are many statistical measures that can use Midi Utama historical prices to predict the future Midi Utama's volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0031 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Midi Utama'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.
Midi Utama Indonesia Backtested Returns
Midi Utama Indonesia has Sharpe Ratio of -0.0029, which conveys that the firm had a -0.0029% return per unit of risk over the last 3 months. Midi Utama exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Midi Utama's Downside Deviation of 3.04, mean deviation of 1.98, and Risk Adjusted Performance of 0.0107 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.95, which conveys possible diversification benefits within a given portfolio. Midi Utama returns are very sensitive to returns on the market. As the market goes up or down, Midi Utama is expected to follow. Midi Utama Indonesia has an expected return of -0.0073%. Please make sure to verify Midi Utama Indonesia coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Midi Utama Indonesia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Midi Utama Indonesia has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Midi Utama 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 Midi Utama Indonesia price movement. The serial correlation of -0.71 indicates that around 71.0% of current Midi Utama price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 34.29 |
Midi Utama Indonesia lagged returns against current returns
Autocorrelation, which is Midi Utama 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 Midi Utama's stock expected returns. We can calculate the autocorrelation of Midi Utama returns to help us make a trade decision. For example, suppose you find that Midi Utama 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 |
Midi Utama 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 Midi Utama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Midi Utama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Midi Utama stock over time.
Current vs Lagged Prices |
| Timeline |
Midi Utama Lagged Returns
When evaluating Midi Utama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Midi Utama stock have on its future price. Midi Utama 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, Midi Utama autocorrelation shows the relationship between Midi Utama stock current value and its past values and can show if there is a momentum factor associated with investing in Midi Utama Indonesia.
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 Midi Utama 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, Midi Utama's short interest history, or implied volatility extrapolated from Midi Utama options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Midi Utama Correlation, Midi Utama Volatility and Midi Utama Alpha and Beta module to complement your research on Midi Utama. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Midi Stock analysis
When running Midi Utama's price analysis, check to measure Midi Utama'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 Midi Utama is operating at the current time. Most of Midi Utama's value examination focuses on studying past and present price action to predict the probability of Midi Utama's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midi Utama's price. Additionally, you may evaluate how the addition of Midi Utama to your portfolios can decrease your overall portfolio volatility.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Midi Utama 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.