Tower Bersama (Indonesia) Market Value
TBIG Stock | IDR 1,875 5.00 0.27% |
Symbol | Tower |
Tower Bersama '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 Tower Bersama'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 Tower Bersama.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Tower Bersama on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Tower Bersama Infrastructure or generate 0.0% return on investment in Tower Bersama over 720 days. Tower Bersama is related to or competes with Gudang Garam, Supreme Cable, United Tractors, Roda Vivatex, Asahimas Flat, Bank Negara, and Metropolitan Kentjana. More
Tower Bersama 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 Tower Bersama'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 Tower Bersama Infrastructure upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.17) | |||
Maximum Drawdown | 9.96 | |||
Value At Risk | (2.56) | |||
Potential Upside | 1.91 |
Tower Bersama Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tower Bersama's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tower Bersama's standard deviation. In reality, there are many statistical measures that can use Tower Bersama historical prices to predict the future Tower Bersama's volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.22) | |||
Total Risk Alpha | (0.53) | |||
Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tower Bersama'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.
Tower Bersama Infras Backtested Returns
Tower Bersama Infras 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. Tower Bersama Infrastructure exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tower Bersama's Coefficient Of Variation of (1,151), variance of 2.74, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.49, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tower Bersama's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tower Bersama is expected to be smaller as well. Tower Bersama Infras has an expected return of -0.21%. Please make sure to validate Tower Bersama skewness, accumulation distribution, rate of daily change, as well as the relationship between the kurtosis and daily balance of power , to decide if Tower Bersama Infras performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Tower Bersama Infrastructure has very weak predictability. Overlapping area represents the amount of predictability between Tower Bersama time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 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 Tower Bersama Infras price movement. The serial correlation of 0.19 indicates that over 19.0% of current Tower Bersama price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.19 | |
Spearman Rank Test | 0.28 | |
Residual Average | 0.0 | |
Price Variance | 5767.65 |
Tower Bersama Infras lagged returns against current returns
Autocorrelation, which is Tower Bersama 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 Tower Bersama's stock expected returns. We can calculate the autocorrelation of Tower Bersama returns to help us make a trade decision. For example, suppose you find that Tower Bersama 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 |
Tower Bersama 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 Tower Bersama stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tower Bersama stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tower Bersama stock over time.
Current vs Lagged Prices |
Timeline |
Tower Bersama Lagged Returns
When evaluating Tower Bersama's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tower Bersama stock have on its future price. Tower Bersama 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, Tower Bersama autocorrelation shows the relationship between Tower Bersama stock current value and its past values and can show if there is a momentum factor associated with investing in Tower Bersama Infrastructure.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out Tower Bersama Correlation, Tower Bersama Volatility and Tower Bersama Alpha and Beta module to complement your research on Tower Bersama. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Tower Stock analysis
When running Tower Bersama's price analysis, check to measure Tower Bersama'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 Tower Bersama is operating at the current time. Most of Tower Bersama's value examination focuses on studying past and present price action to predict the probability of Tower Bersama's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower Bersama's price. Additionally, you may evaluate how the addition of Tower Bersama to your portfolios can decrease your overall portfolio volatility.
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Tower Bersama 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.