Tower Bersama (Indonesia) Backtesting

Tower Bersama Infrastructure Tb -- Indonesia Stock  

IDR 6,400  25  0.39%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Tower Bersama Infrastructure Tb and determine expected loss or profit from investing in Tower Bersama over given investment horizon. Also please take a look at Tower Bersama Hype Analysis, Tower Bersama Correlation, Tower Bersama Valuation, Tower Bersama Volatility as well as analyze Tower Bersama Alpha and Beta and Tower Bersama Performance
 Time Horizon     30 Days    Login   to change
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Tower Bersama 'What if' Analysis

December 19, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 18, 2018
0.00
If you would invest  0.00  in Tower Bersama on December 19, 2017 and sell it all today you would earn a total of 0.00 from holding Tower Bersama Infrastructure Tb or generate 0.0% return on investment in Tower Bersama over 30 days. Tower Bersama is related to or competes with Sarana Menara. TOWER BERSAMA is entity of Indonesia. It is traded as Stock on JKT exchange.

Tower Bersama Upside/Downside Indicators

  

Tower Bersama Market Premium Indicators

Tower Bersama Infras lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Tower Bersama regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Tower Bersama Infras Backtested Returns

We consider Tower Bersama not too risky. Tower Bersama Infras owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0712 which indicates Tower Bersama Infras had 0.0712% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Tower Bersama Infrastructure Tb which you can use to evaluate future volatility of the company. Please validate Tower Bersama Coefficient Of Variation of 901.67 and Risk Adjusted Performance of 0.0556 to confirm if risk estimate we provide are consistent with the epected return of 0.1388%. Tower Bersama has performance score of 4 on a scale of 0 to 100. The entity has beta of 0.7899 which indicates as returns on market increase, Tower Bersama returns are expected to increase less than the market. However during bear market, the loss on holding Tower Bersama will be expected to be smaller as well.. Although it is extremely important to respect Tower Bersama Infras current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Tower Bersama Infras technical indicators you can presently evaluate if the expected return of 0.1388% will be sustainable into the future. Tower Bersama Infras right now has a risk of 1.9492%. Please validate Tower Bersama Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if Tower Bersama will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.61) 

Very good reverse predictability

Tower Bersama Infrastructure Tb has very good reverse predictability. Overlapping area represents the amount of predictability between Tower Bersama time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 2018. 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 -0.61 indicates that roughly 61.0% of current Tower Bersama price fluctuation can be explain by its past prices. Given that Tower Bersama Infrastructure Tb has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Tower Bersama for similar time interval.
Correlation Coefficient -0.61
Spearman Rank Test -0.8
Price Variance 50881.08
Lagged Price Variance 21493.06

Tower Bersama Lagged Returns

 Regressed Prices 
      Timeline 

Tower Bersama Performance vs Jakarta Comp

The median price of Tower Bersama for the period between Tue, Dec 19, 2017 and Thu, Jan 18, 2018 is 6425.0 with a coefficient of variation of 2.99. The daily time series for the period is distributed with a sample standard deviation of 192.35, arithmetic mean of 6440.91, and mean deviation of 142.98. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline