Millennium Pharmacon (Indonesia) Market Value
SDPC Stock | IDR 145.00 3.00 2.03% |
Symbol | Millennium |
Millennium Pharmacon '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 Millennium Pharmacon'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 Millennium Pharmacon.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Millennium Pharmacon on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Millennium Pharmacon International or generate 0.0% return on investment in Millennium Pharmacon over 30 days. Millennium Pharmacon is related to or competes with Ashmore Asset, Panin Financial, Bank Pembangunan, Net Visi, Victoria Insurance, Media Nusantara, and Global Mediacom. PT Millennium Pharmacon International Tbk distributes and trades in prescription medicine, non-prescription medicine, fo... More
Millennium Pharmacon 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 Millennium Pharmacon'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 Millennium Pharmacon International upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.18) | |||
Maximum Drawdown | 6.22 | |||
Value At Risk | (2.05) | |||
Potential Upside | 2.74 |
Millennium Pharmacon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Millennium Pharmacon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Millennium Pharmacon's standard deviation. In reality, there are many statistical measures that can use Millennium Pharmacon historical prices to predict the future Millennium Pharmacon's volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.44) | |||
Treynor Ratio | 0.2564 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Millennium Pharmacon'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.
Millennium Pharmacon Backtested Returns
Millennium Pharmacon has Sharpe Ratio of -0.0826, which conveys that the firm had a -0.0826% return per unit of risk over the last 3 months. Millennium Pharmacon exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Millennium Pharmacon's Standard Deviation of 1.41, risk adjusted performance of (0.04), and Mean Deviation of 1.11 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.49, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Millennium Pharmacon are expected to decrease at a much lower rate. During the bear market, Millennium Pharmacon is likely to outperform the market. Millennium Pharmacon has an expected return of -0.12%. Please make sure to verify Millennium Pharmacon International value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Millennium Pharmacon performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Millennium Pharmacon International has virtually no predictability. Overlapping area represents the amount of predictability between Millennium Pharmacon time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 Millennium Pharmacon price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Millennium Pharmacon price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.09 | |
Spearman Rank Test | 0.54 | |
Residual Average | 0.0 | |
Price Variance | 4.64 |
Millennium Pharmacon lagged returns against current returns
Autocorrelation, which is Millennium Pharmacon 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 Millennium Pharmacon's stock expected returns. We can calculate the autocorrelation of Millennium Pharmacon returns to help us make a trade decision. For example, suppose you find that Millennium Pharmacon 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 |
Millennium Pharmacon 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 Millennium Pharmacon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Millennium Pharmacon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Millennium Pharmacon stock over time.
Current vs Lagged Prices |
Timeline |
Millennium Pharmacon Lagged Returns
When evaluating Millennium Pharmacon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Millennium Pharmacon stock have on its future price. Millennium Pharmacon 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, Millennium Pharmacon autocorrelation shows the relationship between Millennium Pharmacon stock current value and its past values and can show if there is a momentum factor associated with investing in Millennium Pharmacon International.
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 Millennium Pharmacon 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, Millennium Pharmacon's short interest history, or implied volatility extrapolated from Millennium Pharmacon options trading.
Currently Active Assets on Macroaxis
Check out Millennium Pharmacon Correlation, Millennium Pharmacon Volatility and Millennium Pharmacon Alpha and Beta module to complement your research on Millennium Pharmacon. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Millennium Stock analysis
When running Millennium Pharmacon's price analysis, check to measure Millennium Pharmacon'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 Millennium Pharmacon is operating at the current time. Most of Millennium Pharmacon's value examination focuses on studying past and present price action to predict the probability of Millennium Pharmacon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennium Pharmacon's price. Additionally, you may evaluate how the addition of Millennium Pharmacon to your portfolios can decrease your overall portfolio volatility.
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Millennium Pharmacon 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.