Surya Citra (Indonesia) Market Value
SCMA Stock | IDR 145.00 3.00 2.03% |
Symbol | Surya |
Surya Citra '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 Citra'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 Citra.
01/28/2024 |
| 03/28/2024 |
If you would invest 0.00 in Surya Citra on January 28, 2024 and sell it all today you would earn a total of 0.00 from holding Surya Citra Media or generate 0.0% return on investment in Surya Citra over 60 days. Surya Citra is related to or competes with Bank Mandiri, Bank Rakyat, Bank Central, Bank Negara, Astra International, Bank Cimb, and Bank BRISyariah. More
Surya Citra 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 Citra'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 Citra Media upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.05) | |||
Maximum Drawdown | 23.33 | |||
Value At Risk | (2.63) | |||
Potential Upside | 3.23 |
Surya Citra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surya Citra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surya Citra's standard deviation. In reality, there are many statistical measures that can use Surya Citra historical prices to predict the future Surya Citra's volatility.Risk Adjusted Performance | 0.0061 | |||
Jensen Alpha | 0.0048 | |||
Total Risk Alpha | (0.60) | |||
Treynor Ratio | 0.0985 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Surya Citra'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.
Surya Citra Media Backtested Returns
Surya Citra Media owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Surya Citra Media exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Surya Citra's Variance of 6.81, risk adjusted performance of 0.0061, and Coefficient Of Variation of (31,612) to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Surya Citra are expected to decrease at a much lower rate. During the bear market, Surya Citra is likely to outperform the market. Surya Citra Media has an expected return of -0.25%. Please make sure to validate Surya Citra skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Surya Citra Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Surya Citra Media has below average predictability. Overlapping area represents the amount of predictability between Surya Citra time series from 28th of January 2024 to 27th of February 2024 and 27th of February 2024 to 28th of March 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 Citra Media price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Surya Citra price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.34 | |
Spearman Rank Test | 0.1 | |
Residual Average | 0.0 | |
Price Variance | 17.73 |
Surya Citra Media lagged returns against current returns
Autocorrelation, which is Surya Citra 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 Citra's stock expected returns. We can calculate the autocorrelation of Surya Citra returns to help us make a trade decision. For example, suppose you find that Surya Citra 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 Citra 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 Citra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surya Citra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surya Citra stock over time.
Current vs Lagged Prices |
Timeline |
Surya Citra Lagged Returns
When evaluating Surya Citra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surya Citra stock have on its future price. Surya Citra 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 Citra autocorrelation shows the relationship between Surya Citra stock current value and its past values and can show if there is a momentum factor associated with investing in Surya Citra Media.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Surya Citra Correlation, Surya Citra Volatility and Surya Citra Alpha and Beta module to complement your research on Surya Citra. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Surya Stock analysis
When running Surya Citra's price analysis, check to measure Surya Citra'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 Surya Citra is operating at the current time. Most of Surya Citra's value examination focuses on studying past and present price action to predict the probability of Surya Citra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surya Citra's price. Additionally, you may evaluate how the addition of Surya Citra to your portfolios can decrease your overall portfolio volatility.
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Surya Citra 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.